Darling Ingredients Inc. (NYSE:DAR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Darling Ingredients Inc. (NYSE:DAR) have received an average recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $72.55.

A number of equities analysts have commented on the stock. BMO Capital Markets reduced their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. JPMorgan Chase & Co. decreased their target price on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Stephens cut their price target on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Scotiabank decreased their price objective on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. Finally, Citigroup boosted their target price on Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $44.67 on Friday. The company’s 50 day moving average is $44.01 and its 200 day moving average is $44.56. The company has a quick ratio of 1.10, a current ratio of 4.20 and a debt-to-equity ratio of 0.16. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 13.37 and a beta of 1.29. Darling Ingredients has a 52-week low of $38.97 and a 52-week high of $71.60.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Darling Ingredients had a net margin of 8.46% and a return on equity of 12.27%. The company’s revenue was down 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 earnings per share. On average, sell-side analysts anticipate that Darling Ingredients will post 3.23 EPS for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In other news, Director Kurt Stoffel bought 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average price of $41.62 per share, with a total value of $332,960.00. Following the completion of the acquisition, the director now directly owns 10,571 shares of the company’s stock, valued at approximately $439,965.02. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Darling Ingredients

A number of institutional investors have recently bought and sold shares of DAR. EverSource Wealth Advisors LLC increased its stake in shares of Darling Ingredients by 1,412.1% in the fourth 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 period. Rise Advisors LLC purchased a new position in shares of Darling Ingredients during the 1st quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Darling Ingredients during the 4th quarter valued at about $29,000. Millburn Ridgefield Corp acquired a new position in shares of Darling Ingredients in the 3rd quarter valued at about $31,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Darling Ingredients during the third quarter worth about $31,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

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.