Darling Ingredients Inc. (NYSE:DAR) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Darling Ingredients Inc. (NYSE:DAR) has been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $73.80.

A number of research firms have recently issued reports on DAR. Barclays lifted their price objective on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. TD Cowen raised their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Jefferies Financial Group upgraded shares of Darling Ingredients to a “strong-buy” rating in a research note on Tuesday, September 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Darling Ingredients from $82.00 to $83.00 and gave the company an “overweight” rating in a research note on Monday, October 12th.

Darling Ingredients Stock Up 0.0%

Shares of Darling Ingredients stock opened at $50.22 on Monday. The business’s 50 day simple moving average is $61.04 and its 200 day simple moving average is $58.50. Darling Ingredients has a 52-week low of $31.65 and a 52-week high of $69.98. The firm has a market cap of $7.92 billion, a PE ratio of 9.55 and a beta of 1.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Wednesday, October 28th. The company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.03). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.79 billion. Darling Ingredients had a return on equity of 17.76% and a net margin of 12.48%. During the same period last year, the company earned $0.12 EPS. On average, analysts predict that Darling Ingredients will post 6.85 earnings per share for the current fiscal year.

Insider Transactions at Darling Ingredients

In related news, CAO Joseph Manzi sold 1,000 shares of Darling Ingredients stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total value of $67,270.00. Following the sale, the chief accounting officer owned 18,969 shares of the company’s stock, valued at approximately $1,276,044.63. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Patrick McNutt sold 8,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $67.09, for a total value of $536,720.00. Following the sale, the executive vice president owned 35,777 shares in the company, valued at $2,400,278.93. The trade was a 18.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC lifted its position in Darling Ingredients by 4.0% during the third quarter. Kestra Advisory Services LLC now owns 4,960 shares of the company’s stock worth $301,000 after acquiring an additional 190 shares during the last quarter. Krilogy Financial LLC boosted its holdings in shares of Darling Ingredients by 3.3% during the third quarter. Krilogy Financial LLC now owns 6,661 shares of the company’s stock worth $407,000 after acquiring an additional 213 shares during the period. HB Wealth Management LLC grew its position in shares of Darling Ingredients by 3.3% in the second quarter. HB Wealth Management LLC now owns 8,487 shares of the company’s stock valued at $464,000 after purchasing an additional 269 shares during the last quarter. Basecamp Wealth Advisors LLC grew its position in shares of Darling Ingredients by 35.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock valued at $64,000 after purchasing an additional 270 shares during the last quarter. Finally, Waverly Advisors LLC grew its position in shares of Darling Ingredients by 5.8% in the second quarter. Waverly Advisors LLC now owns 5,769 shares of the company’s stock valued at $315,000 after purchasing an additional 317 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors.

About Darling Ingredients

Darling Ingredients Inc collects and transforms animal by-products and other organic materials into ingredients and products used in food, animal feed, fuel and other markets. Its operations help convert materials from meat processing, food production and used cooking oils into usable fats, proteins, oils and other ingredients.

The company’s businesses span feed ingredients, food ingredients and fuel ingredients. Products include animal nutrition ingredients, gelatin and collagen, and fats and oils used in food and industrial applications.