Brokerages Set Darling Ingredients Inc. (NYSE:DAR) PT at $52.00

Darling Ingredients Inc. (NYSE:DAR) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $52.00.

A number of research analysts recently issued reports on DAR shares. Stephens reiterated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. StockNews.com downgraded Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Citigroup reduced their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, TD Cowen lowered their price target on shares of Darling Ingredients from $43.00 to $37.00 and set a “hold” rating for the company in a report on Friday, April 4th.

Darling Ingredients Stock Up 1.1 %

Shares of NYSE:DAR opened at $28.99 on Friday. The firm has a market capitalization of $4.58 billion, a PE ratio of 16.76 and a beta of 1.19. Darling Ingredients has a 1 year low of $26.00 and a 1 year high of $47.28. 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 firm’s 50-day moving average is $33.62 and its two-hundred day moving average is $35.95.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. Analysts predict that Darling Ingredients will post 2.81 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DAR. M&T Bank Corp boosted its stake in Darling Ingredients by 3.3% in the fourth quarter. M&T Bank Corp now owns 8,987 shares of the company’s stock valued at $303,000 after acquiring an additional 286 shares in the last quarter. Ironwood Investment Management LLC boosted its position in shares of Darling Ingredients by 0.7% in the 4th quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company’s stock valued at $1,414,000 after purchasing an additional 297 shares during the period. CIBC Asset Management Inc grew its stake in Darling Ingredients by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock worth $206,000 after buying an additional 337 shares during the last quarter. Metis Global Partners LLC increased its position in Darling Ingredients by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 9,786 shares of the company’s stock worth $330,000 after buying an additional 406 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in Darling Ingredients by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company’s stock valued at $2,348,000 after buying an additional 440 shares during the last quarter. 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.