Darling Ingredients Inc. (NYSE:DAR) Receives $68.00 Consensus Price Target from Analysts

Shares of Darling Ingredients Inc. (NYSE:DAR) have received an average rating of “Buy” from the thirteen research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $69.00.

A number of equities analysts recently weighed in on DAR shares. Wall Street Zen upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded shares of Darling Ingredients from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday. Jefferies Financial Group boosted their target price on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, May 4th. UBS Group lifted their price objective on shares of Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Finally, Stephens lifted their price objective on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st.

Darling Ingredients Price Performance

Shares of DAR opened at $62.25 on Monday. The company has a market cap of $9.89 billion, a price-to-earnings ratio of 45.11 and a beta of 1.07. Darling Ingredients has a 1-year low of $29.15 and a 1-year high of $66.02. The company’s fifty day simple moving average is $59.44 and its 200 day simple moving average is $46.67. The company has a current ratio of 1.58, a quick ratio of 0.99 and a debt-to-equity ratio of 0.82.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.27. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.16) earnings per share. On average, research analysts forecast that Darling Ingredients will post 4.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the transaction, the chief accounting officer directly owned 19,969 shares of the company’s stock, valued at $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Randall C. Stuewe sold 20,000 shares of Darling Ingredients stock in a transaction on Friday, March 6th. The stock was 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 of the company’s stock, valued at approximately $58,222,470.20. This trade represents a 1.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Darling Ingredients

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAR. Danske Bank A S bought a new stake in shares of Darling Ingredients in the third quarter valued at about $25,000. Allworth Financial LP boosted 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 acquiring an additional 509 shares during the period. SJS Investment Consulting Inc. boosted its position in shares of Darling Ingredients by 69.9% in the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares during the period. Litman Gregory Wealth Management LLC acquired a new position in Darling Ingredients in the fourth quarter valued at about $29,000. Finally, Leonteq Securities AG acquired a new position in Darling Ingredients in the fourth quarter valued at about $35,000. 94.44% of the stock is owned by 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.