Darling Ingredients Inc. (NYSE:DAR) Receives $43.57 Consensus Price Target from Brokerages

Shares of Darling Ingredients Inc. (NYSE:DAR) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $43.5714.

DAR has been the topic of several research analyst reports. Tudor Pickering raised Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 11th. Baird R W lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. Jefferies Financial Group boosted their price target on Darling Ingredients from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Robert W. Baird reiterated a “neutral” rating and set a $36.00 price objective (down previously from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th. Finally, Piper Sandler lowered their price objective on Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating for the company in a research note on Monday, July 28th.

Insider Buying and Selling

In related news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the sale, the chief executive officer directly owned 781,437 shares of the company’s stock, valued at approximately $24,162,032.04. This represents a 4.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.62% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Darling Ingredients by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock worth $488,654,000 after acquiring an additional 73,925 shares during the last quarter. Gates Capital Management Inc. increased its holdings in shares of Darling Ingredients by 18.7% in the 1st quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock worth $247,282,000 after purchasing an additional 1,247,117 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Darling Ingredients by 15.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company’s stock worth $233,701,000 after purchasing an additional 1,026,958 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Darling Ingredients by 0.9% in the 1st quarter. Earnest Partners LLC now owns 4,082,416 shares of the company’s stock worth $127,535,000 after purchasing an additional 36,085 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Darling Ingredients by 1.0% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,693,135 shares of the company’s stock valued at $140,118,000 after buying an additional 35,309 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Up 0.9%

Shares of DAR stock opened at $31.76 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. Darling Ingredients has a 1-year low of $26.00 and a 1-year high of $43.49. The business has a 50-day moving average of $32.06 and a 200 day moving average of $32.99. The stock has a market capitalization of $5.02 billion, a PE ratio of 48.12 and a beta of 1.22.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. As a group, sell-side analysts anticipate that Darling Ingredients will post 2.81 earnings per share for the current year.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.