Darling Ingredients Inc. (NYSE:DAR) Receives $90.92 Average PT from Brokerages

Shares of Darling Ingredients Inc. (NYSE:DAR) have been assigned an average recommendation of “Buy” from the thirteen research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $95.80.

A number of equities analysts have commented on the stock. Raymond James upped their target price on shares of Darling Ingredients from $95.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Monday, August 16th. Zacks Investment Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Credit Suisse Group upped their target price on shares of Darling Ingredients from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 12th. Robert W. Baird upped their target price on shares of Darling Ingredients from $89.00 to $109.00 and gave the stock an “outperform” rating in a research note on Thursday, August 12th. Finally, Evercore ISI assumed coverage on shares of Darling Ingredients in a research note on Thursday, August 12th. They issued a “buy” rating and a $86.00 target price on the stock.

NYSE:DAR traded up $1.48 during mid-day trading on Friday, hitting $74.15. 46,653 shares of the stock traded hands, compared to its average volume of 1,631,111. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 24.63 and a beta of 1.04. Darling Ingredients has a 52 week low of $41.73 and a 52 week high of $79.65. The firm’s 50 day moving average is $73.73 and its two-hundred day moving average is $71.11. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.44.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Monday, August 9th. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.82 by $0.35. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. Darling Ingredients had a net margin of 12.01% and a return on equity of 17.49%. The firm’s revenue was up 41.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. As a group, research analysts predict that Darling Ingredients will post 3.75 EPS for the current year.

In related news, CEO Randall C. Stuewe sold 70,000 shares of the stock in a transaction that occurred on Thursday, August 12th. The shares were sold at an average price of $76.09, for a total transaction of $5,326,300.00. Following the completion of the sale, the chief executive officer now owns 652,773 shares of the company’s stock, valued at $49,669,497.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John F. Sterling sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 12th. The shares were sold at an average price of $76.51, for a total transaction of $765,100.00. Following the sale, the executive vice president now directly owns 275,703 shares of the company’s stock, valued at approximately $21,094,036.53. The disclosure for this sale can be found here. 2.52% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of DAR. Rockefeller Capital Management L.P. raised its holdings in shares of Darling Ingredients by 410.8% in the first quarter. Rockefeller Capital Management L.P. now owns 378 shares of the company’s stock worth $27,000 after buying an additional 304 shares during the last quarter. Credit Agricole S A purchased a new position in shares of Darling Ingredients in the second quarter worth $30,000. Maverick Capital Ltd. purchased a new position in shares of Darling Ingredients in the second quarter worth $37,000. Berman Capital Advisors LLC raised its holdings in shares of Darling Ingredients by 93.0% in the third quarter. Berman Capital Advisors LLC now owns 548 shares of the company’s stock worth $39,000 after buying an additional 264 shares during the last quarter. Finally, Tobam purchased a new position in shares of Darling Ingredients in the second quarter worth $40,000. 92.20% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Company Profile

Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.

Further Reading: Initial Coin Offerings entail a high degree of risk

Analyst Recommendations for Darling Ingredients (NYSE:DAR)

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