Darling Ingredients (NYSE:DAR) Given New $48.00 Price Target at Citigroup

Darling Ingredients (NYSE:DARGet Free Report) had its price target increased by equities researchers at Citigroup from $46.00 to $48.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 9.94% from the company’s current price.

A number of other equities analysts have also commented on the stock. BMO Capital Markets cut their price objective on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $95.00 target price (down from $120.00) on shares of Darling Ingredients in a research note on Wednesday, March 6th. Finally, Stephens decreased their target price on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $76.00.

Read Our Latest Report on Darling Ingredients

Darling Ingredients Price Performance

DAR stock traded down $0.57 during trading on Wednesday, reaching $43.66. 512,577 shares of the company were exchanged, compared to its average volume of 1,958,213. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.10. Darling Ingredients has a twelve month low of $38.97 and a twelve month high of $71.60. The company has a 50-day moving average of $43.51 and a two-hundred day moving average of $45.44. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of 10.98 and a beta of 1.29.

Darling Ingredients (NYSE:DARGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.65 billion. As a group, equities analysts predict that Darling Ingredients will post 3.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Kurt Stoffel acquired 8,000 shares of Darling Ingredients stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the purchase, the director now directly owns 10,571 shares in the company, valued at approximately $439,965.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.26% of the stock is owned by corporate insiders.

Institutional Trading of Darling Ingredients

Several large investors have recently made changes to their positions in DAR. Adirondack Trust Co. raised its position in shares of Darling Ingredients by 100.0% in the fourth quarter. Adirondack Trust Co. now owns 3,600 shares of the company’s stock worth $179,000 after acquiring an additional 1,800 shares during the period. Vanguard Group Inc. increased its stake in shares of Darling Ingredients by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 15,378,170 shares of the company’s stock valued at $766,448,000 after purchasing an additional 83,219 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Darling Ingredients by 1.5% in the 4th quarter. Fisher Asset Management LLC now owns 23,494 shares of the company’s stock worth $1,171,000 after buying an additional 341 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Darling Ingredients by 15.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,595,089 shares of the company’s stock worth $79,499,000 after buying an additional 213,763 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in Darling Ingredients by 56.9% in the 4th quarter. V Square Quantitative Management LLC now owns 1,997 shares of the company’s stock worth $100,000 after buying an additional 724 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

About Darling Ingredients

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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.

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Analyst Recommendations for Darling Ingredients (NYSE:DAR)

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