Darling Ingredients (NYSE:DAR) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Darling Ingredients (NYSE:DAR) from a hold rating to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Barclays raised their target price on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Jefferies Financial Group boosted their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Stephens increased their price objective on shares of Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. TD Cowen raised their price objective on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Finally, Weiss Ratings raised Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Darling Ingredients Stock Performance

NYSE:DAR opened at $67.74 on Wednesday. The stock has a 50-day moving average price of $59.69 and a 200 day moving average price of $58.24. The stock has a market capitalization of $10.69 billion, a P/E ratio of 18.26 and a beta of 1.02. Darling Ingredients has a 12-month low of $29.15 and a 12-month high of $69.98. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $1.40 by $1.01. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS. Equities research analysts forecast that Darling Ingredients will post 6.98 EPS for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, EVP Patrick Mcnutt sold 8,000 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $67.09, for a total transaction of $536,720.00. Following the completion of the transaction, the executive vice president owned 35,777 shares in the company, valued at $2,400,278.93. This trade represents a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Nicholas James Kemphaus sold 1,591 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $63.05, for a total transaction of $100,312.55. Following the completion of the sale, the executive vice president owned 35,087 shares in the company, valued at approximately $2,212,235.35. This trade represents a 4.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,591 shares of company stock worth $704,303 over the last three months. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Darling Ingredients

Institutional investors and hedge funds have recently modified their holdings of the stock. Danske Bank A S purchased a new stake in Darling Ingredients during the 3rd quarter valued at $25,000. Allworth Financial LP raised its stake 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. lifted its holdings in shares of Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after acquiring an additional 174 shares during the last quarter. Litman Gregory Wealth Management LLC bought a new position in Darling Ingredients during the 4th quarter valued at about $29,000. Finally, Leonteq Securities AG bought a new stake in Darling Ingredients in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

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.