Darling Ingredients Inc. (NYSE:DAR) Receives $53.22 Consensus PT from Analysts

Shares of Darling Ingredients Inc. (NYSE:DAR) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $53.22.

A number of research firms have weighed in on DAR. Jefferies Financial Group boosted their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Citigroup cut their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Stephens reissued an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd.

Darling Ingredients Stock Down 1.0 %

DAR stock opened at $39.18 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients has a 1 year low of $32.55 and a 1 year high of $48.39. The company has a fifty day simple moving average of $36.21 and a 200 day simple moving average of $37.61. The firm has a market cap of $6.23 billion, a PE ratio of 22.65 and a beta of 1.21.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. Sell-side analysts anticipate that Darling Ingredients will post 2.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Natixis Advisors LLC increased its holdings in shares of Darling Ingredients by 23.2% during the 3rd quarter. Natixis Advisors LLC now owns 107,913 shares of the company’s stock worth $4,010,000 after purchasing an additional 20,323 shares during the period. Algert Global LLC increased its holdings in shares of Darling Ingredients by 266.6% during the 3rd quarter. Algert Global LLC now owns 103,871 shares of the company’s stock worth $3,860,000 after purchasing an additional 75,540 shares during the period. Erste Asset Management GmbH bought a new position in shares of Darling Ingredients during the 3rd quarter worth about $30,545,000. Sycomore Asset Management increased its stake in Darling Ingredients by 101.2% in the fourth quarter. Sycomore Asset Management now owns 130,096 shares of the company’s stock valued at $4,743,000 after acquiring an additional 65,444 shares during the period. Finally, KBC Group NV increased its stake in Darling Ingredients by 180.1% in the fourth quarter. KBC Group NV now owns 104,143 shares of the company’s stock valued at $3,509,000 after acquiring an additional 66,966 shares during the period. Institutional investors own 94.44% of the company’s stock.

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.