Darling Ingredients (NYSE:DAR) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Darling Ingredients (NYSE:DAR) from a buy rating to a strong-buy rating in a research report report published on Saturday morning.

A number of other equities research analysts have also weighed in on the company. Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. TD Cowen increased their target price on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Jefferies Financial Group raised their price target on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 4th. Barclays upped their target price on shares of Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings raised Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.00.

Darling Ingredients Stock Performance

Shares of DAR opened at $66.86 on Friday. The stock has a market capitalization of $10.55 billion, a P/E ratio of 18.02 and a beta of 1.02. 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 has a 1 year low of $29.15 and a 1 year high of $67.68. The company’s fifty day moving average is $58.93 and its two-hundred day moving average is $57.49.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping the consensus estimate of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the business earned $0.08 EPS. The business’s revenue was up 16.4% on a year-over-year basis. On average, sell-side analysts predict that Darling Ingredients will post 6.98 earnings per share for the current year.

Insider Activity

In other news, EVP Nicholas James Kemphaus sold 1,591 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $63.05, for a total value of $100,312.55. Following the sale, the executive vice president directly owned 35,087 shares in the company, valued at $2,212,235.35. This represents a 4.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $536,720.00. Following the sale, the executive vice president directly owned 35,777 shares in the company, valued at approximately $2,400,278.93. The trade was a 18.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. AIA Group Ltd bought a new stake in Darling Ingredients during the first quarter valued at $4,453,000. Fideuram Asset Management Ireland dac bought a new position in shares of Darling Ingredients in the 4th quarter worth about $585,000. BNP Paribas Financial Markets boosted its holdings in shares of Darling Ingredients by 26.8% in the 4th quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company’s stock valued at $47,179,000 after buying an additional 277,233 shares during the period. Ninety One UK Ltd boosted its holdings in shares of Darling Ingredients by 28.3% in the 4th quarter. Ninety One UK Ltd now owns 518,796 shares of the company’s stock valued at $18,677,000 after buying an additional 114,397 shares during the period. Finally, Strs Ohio grew its position in shares of Darling Ingredients by 7,554.6% during the 1st quarter. Strs Ohio now owns 286,740 shares of the company’s stock valued at $17,735,000 after buying an additional 282,994 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

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.