Darling Ingredients Inc. (NYSE:DAR) Receives $67.82 Average Target Price from Analysts

Shares of Darling Ingredients Inc. (NYSE:DAR) have earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $68.7273.

Several research firms have commented on DAR. Scotiabank increased their price objective on shares of Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. UBS Group boosted their target price on Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Barclays upped their target price on Darling Ingredients from $58.00 to $62.00 and gave the company an “equal weight” rating in a report on Thursday, July 2nd. Jefferies Financial Group increased their price target on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Wall Street Zen upgraded Darling Ingredients from a “hold” rating to a “buy” rating in a report on Sunday, July 5th.

Insider Activity at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction on Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the sale, the chief accounting officer directly owned 19,969 shares in the company, valued at $1,275,819.41. The trade was a 13.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by insiders.

Institutional Trading of Darling Ingredients

A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Darling Ingredients in the fourth quarter worth about $94,211,000. No Street GP LP bought a new position in shares of Darling Ingredients during the 3rd quarter valued at approximately $69,458,000. Assenagon Asset Management S.A. increased its stake in shares of Darling Ingredients by 72.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,091,960 shares of the company’s stock worth $129,388,000 after purchasing an additional 882,185 shares during the last quarter. Rubric Capital Management LP purchased a new stake in shares of Darling Ingredients during the 4th quarter worth approximately $24,510,000. Finally, Amundi raised its holdings in shares of Darling Ingredients by 177.7% in the 4th quarter. Amundi now owns 864,400 shares of the company’s stock worth $31,119,000 after purchasing an additional 553,081 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $58.64 on Friday. The firm has a 50-day moving average of $58.40 and a 200-day moving average of $55.82. The company has a market cap of $9.32 billion, a P/E ratio of 42.50 and a beta of 1.04. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03. Darling Ingredients has a one year low of $29.15 and a one year high of $66.02.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the company earned ($0.16) earnings per share. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities research analysts forecast that Darling Ingredients will post 5.05 EPS for the current fiscal year.

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.