Citigroup Lowers Darling Ingredients (NYSE:DAR) Price Target to $44.00

Darling Ingredients (NYSE:DAR) had its price objective decreased by Citigroup from $46.00 to $44.00 in a research report sent to investors on Wednesday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other brokerages also recently issued reports on DAR. Piper Sandler cut their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. JPMorgan Chase & Co. raised their price objective 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. Jefferies Financial Group raised their price objective 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. Finally, Stephens restated an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.22.

Darling Ingredients Trading Down 1.4 %

Shares of NYSE:DAR opened at $34.72 on Wednesday. The company has a 50-day simple moving average of $35.96 and a 200 day simple moving average of $37.49. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The company has a market capitalization of $5.52 billion, a P/E ratio of 21.43 and a beta of 1.21. Darling Ingredients has a 52-week low of $32.55 and a 52-week high of $48.39.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new position in Darling Ingredients in the fourth quarter valued at approximately $25,000. GAMMA Investing LLC boosted its position in Darling Ingredients by 173.9% in the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after buying an additional 527 shares in the last quarter. Signaturefd LLC boosted its position in Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after buying an additional 386 shares in the last quarter. Blue Trust Inc. boosted its position in Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in Darling Ingredients by 157.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after buying an additional 721 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

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.