Darling Ingredients Inc. (NYSE:DAR) Receives $55.60 Average PT from Analysts

Shares of Darling Ingredients Inc. (NYSE:DAR) have earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $55.60.

Several research analysts recently issued reports on DAR shares. JPMorgan Chase & Co. upped their target price on Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Robert W. Baird set a $64.00 price target on Darling Ingredients in a report on Friday, February 13th. BMO Capital Markets increased their price objective on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Jefferies Financial Group reissued a “buy” rating and issued a $66.00 target price on shares of Darling Ingredients in a research note on Friday, February 13th. Finally, Scotiabank restated an “outperform” rating and issued a $61.00 target price on shares of Darling Ingredients in a report on Tuesday, February 17th.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $53.12 on Wednesday. The company has a current ratio of 3.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $43.64 and its 200 day moving average price is $36.77. Darling Ingredients has a 52 week low of $26.00 and a 52 week high of $53.71. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 136.19, a PEG ratio of 0.55 and a beta of 1.27.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $1.71 billion for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.44%. As a group, research analysts forecast that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Institutional Trading of Darling Ingredients

Several hedge funds and other institutional investors have recently bought and sold shares of DAR. Hantz Financial Services Inc. raised its holdings in Darling Ingredients by 609.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after acquiring an additional 561 shares during the last quarter. Allworth Financial LP grew its position in shares of Darling Ingredients by 227.2% in the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after purchasing an additional 509 shares during the period. Litman Gregory Wealth Management LLC acquired a new position in Darling Ingredients in the fourth quarter valued at $29,000. Danske Bank A S acquired a new position in Darling Ingredients in the third quarter valued at $25,000. Finally, Sound Income Strategies LLC purchased a new position in Darling Ingredients during the third quarter worth about $29,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Company Profile

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.