Darling Ingredients (NYSE:DAR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Darling Ingredients (NYSE:DAR) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other research firms also recently weighed in on DAR. TD Cowen boosted their target price on shares of Darling Ingredients from $45.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Zacks Research upgraded shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Scotiabank reiterated an “outperform” rating and set a $61.00 price target on shares of Darling Ingredients in a report on Tuesday, February 17th. JPMorgan Chase & Co. upped their price target on shares of Darling Ingredients from $59.00 to $69.00 and gave the company an “overweight” rating in a report on Tuesday, March 24th. Finally, Robert W. Baird upped their price target on shares of Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $64.56.

Darling Ingredients Stock Performance

Darling Ingredients stock opened at $59.05 on Friday. The company’s 50-day moving average price is $56.26 and its 200-day moving average price is $43.42. Darling Ingredients has a twelve month low of $28.32 and a twelve month high of $64.90. The company has a quick ratio of 0.99, a current ratio of 1.50 and a debt-to-equity ratio of 0.80. The company has a market cap of $9.37 billion, a PE ratio of 151.40, a price-to-earnings-growth ratio of 0.43 and a beta of 1.08.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. The firm had revenue of $1.71 billion for the quarter. On average, equities research analysts forecast that Darling Ingredients will post 3.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Randall C. Stuewe sold 20,000 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the transaction, the chief executive officer directly owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. This represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

Large investors have recently added to or reduced their stakes in the stock. Danske Bank A S purchased a new stake in Darling Ingredients in the 3rd quarter valued at about $25,000. Allworth Financial LP boosted its position in Darling Ingredients by 227.2% in the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after buying an additional 509 shares during the period. Sound Income Strategies LLC purchased a new stake in Darling Ingredients in the 3rd quarter valued at about $29,000. Litman Gregory Wealth Management LLC purchased a new stake in Darling Ingredients in the 4th quarter valued at about $29,000. Finally, Leonteq Securities AG purchased a new stake in Darling Ingredients in the 4th quarter valued at about $35,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

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.