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

Darling Ingredients Inc. (NYSE:DAR) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $53.44.

A number of equities research analysts recently issued reports on the company. Piper Sandler reduced their target price 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 increased their price objective on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. TD Cowen cut their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. raised their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th.

Darling Ingredients Trading Up 1.8 %

Shares of DAR stock opened at $34.31 on Friday. The stock has a market cap of $5.46 billion, a P/E ratio of 21.18 and a beta of 1.19. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients has a fifty-two week low of $32.55 and a fifty-two week high of $49.89. The business has a fifty day simple moving average of $37.92 and a 200-day simple moving average of $37.57.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations 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 was down 12.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 earnings per share. On average, analysts forecast that Darling Ingredients will post 1.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Darling Ingredients

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of Darling Ingredients by 52.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,236,616 shares of the company’s stock worth $192,445,000 after buying an additional 1,800,809 shares during the period. Paloma Partners Management Co raised its holdings in shares of Darling Ingredients by 2,140.4% in the 3rd quarter. Paloma Partners Management Co now owns 877,200 shares of the company’s stock worth $32,597,000 after purchasing an additional 838,047 shares during the period. Erste Asset Management GmbH purchased a new position in shares of Darling Ingredients in the 3rd quarter worth about $30,545,000. ING Groep NV lifted its stake in shares of Darling Ingredients by 244.1% in the 3rd quarter. ING Groep NV now owns 810,100 shares of the company’s stock valued at $30,103,000 after purchasing an additional 574,700 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Darling Ingredients by 17.3% during the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company’s stock worth $123,528,000 after purchasing an additional 491,477 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

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.