Darling Ingredients Inc. (NYSE:DAR) Receives $64.27 Consensus Target Price from Analysts

Darling Ingredients Inc. (NYSE:DAR) has been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $64.27.

DAR has been the subject of several research analyst reports. Stifel Nicolaus cut their price objective on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Monday, May 20th. Citigroup upgraded Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Wednesday, June 12th. Jefferies Financial Group dropped their price target on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Scotiabank dropped their price target on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. decreased their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th.

Insider Activity at Darling Ingredients

In other news, EVP Robert W. Day acquired 2,532 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were bought at an average price of $39.37 per share, with a total value of $99,684.84. Following the purchase, the executive vice president now owns 12,607 shares of the company’s stock, valued at $496,337.59. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.62% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DAR. UNIVEST FINANCIAL Corp boosted its stake in shares of Darling Ingredients by 71.9% during the 2nd quarter. UNIVEST FINANCIAL Corp now owns 12,442 shares of the company’s stock worth $457,000 after acquiring an additional 5,203 shares in the last quarter. Candriam S.C.A. boosted its position in Darling Ingredients by 7.7% in the 2nd quarter. Candriam S.C.A. now owns 502,409 shares of the company’s stock valued at $18,463,000 after buying an additional 35,951 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Darling Ingredients by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 44,731 shares of the company’s stock valued at $1,644,000 after purchasing an additional 852 shares during the period. National Bank of Canada FI lifted its stake in shares of Darling Ingredients by 350.5% in the 2nd quarter. National Bank of Canada FI now owns 44,421 shares of the company’s stock valued at $1,596,000 after purchasing an additional 34,560 shares during the period. Finally, Versor Investments LP bought a new stake in shares of Darling Ingredients during the second quarter worth $334,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

Shares of DAR opened at $35.82 on Tuesday. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 10.69 and a beta of 1.26. Darling Ingredients has a 52-week low of $33.94 and a 52-week high of $69.63. The stock has a 50 day moving average price of $37.48 and a 200 day moving average price of $41.47. The company has a quick ratio of 0.96, a current ratio of 1.67 and a debt-to-equity ratio of 0.93.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10. Darling Ingredients had a return on equity of 8.35% and a net margin of 6.04%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the company earned $1.55 earnings per share. The company’s revenue was down 17.2% compared to the same quarter last year. Research analysts predict that Darling Ingredients will post 2.47 EPS for the current fiscal year.

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.