Darling Ingredients (NYSE:DAR) Stock Rating Upgraded by Wall Street Zen

Darling Ingredients (NYSE:DAR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

DAR has been the subject of several other reports. BMO Capital Markets raised their target price on shares of Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. JPMorgan Chase & Co. raised their price objective on Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Piper Sandler lifted their target price on Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $66.00 target price on shares of Darling Ingredients in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.60.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $54.72 on Friday. The stock has a market cap of $8.68 billion, a P/E ratio of 140.31, a P/E/G ratio of 0.42 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.50 and a quick ratio of 0.99. The company has a fifty day moving average price of $47.23 and a two-hundred day moving average price of $38.34. Darling Ingredients has a one year low of $26.00 and a one year high of $57.35.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.35 EPS for the quarter. The company had revenue of $1.71 billion during the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. As a group, equities analysts predict that Darling Ingredients will post 2.81 EPS for the current year.

Insider Buying and Selling

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $52.12, for a total value of $1,042,400.00. Following the transaction, the chief executive officer directly owned 1,117,085 shares of the company’s stock, valued at $58,222,470.20. This represents a 1.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.07% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors have recently made changes to their positions in DAR. Danske Bank A S acquired a new position in shares of Darling Ingredients in the third quarter valued at approximately $25,000. Allworth Financial LP lifted its holdings in Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after purchasing an additional 509 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Darling Ingredients in the 3rd quarter valued at $29,000. Litman Gregory Wealth Management LLC bought a new stake in Darling Ingredients in the 4th quarter valued at $29,000. Finally, Leonteq Securities AG acquired a new position in Darling Ingredients in the 4th quarter valued at $35,000. 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.