Darling Ingredients (NYSE:DAR) Receives Overweight Rating from Stephens

Stephens reissued their overweight rating on shares of Darling Ingredients (NYSE:DAR) in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a $52.00 price target on the stock.

Several other brokerages have also recently issued reports on DAR. Piper Sandler cut their price objective on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Jefferies Financial Group upped their price target on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. One research 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 presently has an average rating of “Moderate Buy” and an average target price of $53.67.

Darling Ingredients Trading Down 0.1 %

DAR opened at $36.01 on Thursday. Darling Ingredients has a 12-month low of $32.55 and a 12-month high of $48.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The stock has a market capitalization of $5.73 billion, a PE ratio of 22.23 and a beta of 1.21. The firm’s fifty day moving average price is $36.37 and its 200 day moving average price is $37.54.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business’s revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 EPS. As a group, research analysts expect that Darling Ingredients will post 1.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DAR. Heck Capital Advisors LLC bought a new stake in shares of Darling Ingredients during the fourth quarter valued at about $25,000. GAMMA Investing LLC raised its position in shares of Darling Ingredients by 173.9% during the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after buying an additional 527 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after acquiring an additional 386 shares during the period. Blue Trust Inc. boosted its holdings in shares of 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 acquiring an additional 288 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Darling Ingredients during the third quarter valued at approximately $58,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

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.