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

Darling Ingredients Inc. (NYSE:DAR) has received an average rating of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $69.00.

DAR has been the subject of a number of research reports. Jefferies Financial Group lifted their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Wall Street Zen cut shares of Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. raised their price target on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. TD Cowen raised their target price on shares of Darling Ingredients from $72.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Piper Sandler raised their target price on shares of Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th.

Darling Ingredients Stock Performance

NYSE DAR opened at $56.94 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $60.93 and its two-hundred day moving average is $50.55. Darling Ingredients has a 12-month low of $29.15 and a 12-month high of $66.02. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 41.26 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last released its earnings results 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. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the firm posted ($0.16) EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Research analysts expect that Darling Ingredients will post 4.68 EPS for the current year.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients 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 transaction, the chief accounting officer owned 19,969 shares in the company, valued at $1,275,819.41. This trade represents a 13.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Darling Ingredients

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Darling Ingredients by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock valued at $554,196,000 after acquiring an additional 512,219 shares during the period. Dimensional Fund Advisors LP grew its holdings in Darling Ingredients by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company’s stock valued at $498,927,000 after purchasing an additional 47,565 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Darling Ingredients by 6.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company’s stock valued at $158,119,000 after purchasing an additional 287,665 shares in the last quarter. Davis Selected Advisers grew its holdings in Darling Ingredients by 15.8% during the 4th quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock valued at $102,324,000 after purchasing an additional 388,366 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Darling Ingredients by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 2,839,649 shares of the company’s stock valued at $102,249,000 after purchasing an additional 76,151 shares in the last quarter. 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.