Darling Ingredients Inc. (NYSE:DAR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Darling Ingredients Inc. (NYSE:DAR) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $60.10.

Several equities analysts have weighed in on DAR shares. Jefferies Financial Group dropped their price objective on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. TD Cowen dropped their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Scotiabank dropped their price objective on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th. Finally, Citigroup upgraded Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Wednesday, June 12th.

Darling Ingredients Stock Performance

NYSE DAR opened at $36.95 on Wednesday. The company has a fifty day simple moving average of $38.02 and a 200 day simple moving average of $40.20. Darling Ingredients has a 12-month low of $32.67 and a 12-month high of $55.20. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. The company has a market cap of $5.90 billion, a P/E ratio of 11.06 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the firm posted $1.55 EPS. Darling Ingredients’s revenue was down 17.2% compared to the same quarter last year. Sell-side analysts predict that Darling Ingredients will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Robert W. Day acquired 2,532 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was bought at an average price of $39.37 per share, with a total value of $99,684.84. Following the acquisition, the executive vice president now owns 12,607 shares in the company, valued at approximately $496,337.59. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Darling Ingredients

Large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Darling Ingredients by 1,412.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock worth $25,000 after acquiring an additional 466 shares during the last quarter. Rise Advisors LLC purchased a new position in Darling Ingredients during the 1st quarter valued at about $25,000. Riverview Trust Co purchased a new position in Darling Ingredients during the 1st quarter valued at about $55,000. Quarry LP grew its holdings in Darling Ingredients by 893.8% during the 2nd quarter. Quarry LP now owns 2,584 shares of the company’s stock valued at $95,000 after buying an additional 2,324 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Darling Ingredients by 24.7% during the 4th quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock valued at $98,000 after buying an additional 389 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Company Profile

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.