Darling Ingredients Inc. (NYSE:DAR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Darling Ingredients Inc. (NYSE:DAR) have been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $67.8182.

Several equities research analysts have recently issued reports on DAR shares. Scotiabank increased their target price on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Stephens upped their price target on Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. TD Cowen reduced their price target on Darling Ingredients from $76.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, June 23rd. Wall Street Zen raised Darling Ingredients from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Robert W. Baird boosted their price objective on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th.

Darling Ingredients Stock Performance

Shares of NYSE DAR traded up $0.06 during midday trading on Tuesday, reaching $57.95. 635,255 shares of the stock were exchanged, compared to its average volume of 2,725,727. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.82. The firm has a market cap of $9.21 billion, a price-to-earnings ratio of 41.99 and a beta of 1.04. The firm has a 50-day simple moving average of $58.67 and a two-hundred day simple moving average of $52.77. Darling Ingredients has a twelve month low of $29.15 and a twelve month high of $66.02.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.27. The firm 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 quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.16) earnings per share. As a group, analysts anticipate that Darling Ingredients will post 4.68 EPS for the current fiscal year.

Insider Transactions at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the sale, the chief accounting officer owned 19,969 shares of the company’s stock, valued at approximately $1,275,819.41. The trade was a 13.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Darling Ingredients

Several institutional investors have recently modified their holdings of DAR. Danske Bank A S acquired a new position in shares of Darling Ingredients during the 3rd quarter worth about $25,000. Allworth Financial LP boosted its holdings in Darling Ingredients by 227.2% in the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after buying an additional 509 shares during the last quarter. SJS Investment Consulting Inc. increased its stake in Darling Ingredients by 69.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after buying an additional 174 shares in the last quarter. Litman Gregory Wealth Management LLC acquired a new position in shares of Darling Ingredients during the fourth quarter valued at approximately $29,000. Finally, Leonteq Securities AG acquired a new position in shares of Darling Ingredients during the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

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.