Darling Ingredients (NYSE:DAR) Upgraded to “Hold” at Barclays

Barclays upgraded shares of Darling Ingredients (NYSE:DAR) to a hold rating in a research note published on Monday morning,Zacks.com reports.

A number of other research firms have also issued reports on DAR. Weiss Ratings lowered shares of Darling Ingredients from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Robert W. Baird raised their price objective on shares of Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. 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. UBS Group boosted their target price on shares of Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Finally, Wall Street Zen lowered Darling Ingredients from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.00.

Darling Ingredients Stock Performance

Shares of NYSE DAR opened at $53.30 on Monday. Darling Ingredients has a 1 year low of $29.15 and a 1 year high of $66.02. The firm has a market cap of $8.47 billion, a P/E ratio of 38.62 and a beta of 1.02. The stock has a fifty day moving average price of $59.73 and a two-hundred day moving average price of $51.46. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.27. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The business’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.16) EPS. Research analysts forecast that Darling Ingredients will post 4.68 EPS for the current fiscal year.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $63.89, for a total value of $191,670.00. Following the transaction, the chief accounting officer owned 19,969 shares in the company, valued at $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Darling Ingredients in the 4th quarter valued at approximately $94,211,000. No Street GP LP acquired a new position in Darling Ingredients in the third quarter worth approximately $69,458,000. Assenagon Asset Management S.A. raised its position in Darling Ingredients by 72.9% during the first quarter. Assenagon Asset Management S.A. now owns 2,091,960 shares of the company’s stock valued at $129,388,000 after acquiring an additional 882,185 shares in the last quarter. Rubric Capital Management LP bought a new position in Darling Ingredients during the fourth quarter valued at approximately $24,510,000. Finally, Amundi lifted its stake in Darling Ingredients by 177.7% in the fourth quarter. Amundi now owns 864,400 shares of the company’s stock valued at $31,119,000 after acquiring an additional 553,081 shares during the last quarter. 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.