Darling Ingredients Inc. (NYSE:DAR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Darling Ingredients Inc. (NYSE:DAR) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, nine have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $46.00.

A number of research firms have weighed in on DAR. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a research note on Wednesday, October 8th. UBS Group set a $50.00 price objective on Darling Ingredients in a research note on Monday, November 3rd. Zacks Research raised Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. TD Cowen upgraded Darling Ingredients from a “hold” rating to a “buy” rating and boosted their target price for the company from $34.00 to $45.00 in a research note on Tuesday, December 2nd. Finally, Bank of America started coverage on Darling Ingredients in a research report on Wednesday, October 8th. They set a “buy” rating and a $45.00 price target on the stock.

Darling Ingredients Stock Up 0.8%

Shares of NYSE:DAR opened at $39.40 on Tuesday. Darling Ingredients has a 1 year low of $26.00 and a 1 year high of $42.15. The company has a market capitalization of $6.23 billion, a PE ratio of 58.80, a price-to-earnings-growth ratio of 0.42 and a beta of 1.25. The business has a fifty day moving average price of $35.46 and a two-hundred day moving average price of $34.00. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.49 and a quick ratio of 0.87.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Darling Ingredients had a return on equity of 2.39% and a net margin of 1.84%.Darling Ingredients’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. Analysts forecast that Darling Ingredients will post 2.81 earnings per share for the current year.

Hedge Funds Weigh In On Darling Ingredients

Large investors have recently modified their holdings of the business. No Street GP LP purchased a new stake in shares of Darling Ingredients during the 3rd quarter valued at approximately $69,458,000. Norges Bank bought a new stake in Darling Ingredients during the 2nd quarter valued at $74,041,000. Marshall Wace LLP lifted its position in shares of Darling Ingredients by 973.3% during the second quarter. Marshall Wace LLP now owns 1,502,084 shares of the company’s stock worth $56,989,000 after acquiring an additional 1,362,137 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in shares of Darling Ingredients by 66.0% in the second quarter. Frontier Capital Management Co. LLC now owns 3,323,470 shares of the company’s stock worth $126,092,000 after acquiring an additional 1,320,817 shares during the period. Finally, Harspring Capital Management LLC purchased a new position in shares of Darling Ingredients in the second quarter valued at $31,680,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.