Darling Ingredients (NYSE:DAR) Given New $40.00 Price Target at Robert W. Baird

Darling Ingredients (NYSE:DAR) had its price objective reduced by Robert W. Baird from $41.00 to $40.00 in a research note released on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts have also issued reports about the stock. StockNews.com lowered shares of Darling Ingredients from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. Stephens reissued an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. TD Cowen cut their target price on Darling Ingredients from $37.00 to $34.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Citigroup lowered their price target on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $50.33.

Darling Ingredients Stock Up 5.0 %

Shares of NYSE DAR opened at $31.98 on Friday. The firm’s 50 day moving average price is $31.72 and its 200 day moving average price is $35.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The firm has a market cap of $5.06 billion, a P/E ratio of 18.49 and a beta of 1.19. Darling Ingredients has a 1 year low of $26.00 and a 1 year high of $47.28.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.36). Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.45 billion. As a group, sell-side analysts anticipate that Darling Ingredients will post 2.81 earnings per share for the current year.

Hedge Funds Weigh In On Darling Ingredients

A number of hedge funds have recently added to or reduced their stakes in DAR. Barclays PLC grew its position in shares of Darling Ingredients by 32.8% during the 3rd quarter. Barclays PLC now owns 1,332,869 shares of the company’s stock valued at $49,529,000 after buying an additional 328,893 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Darling Ingredients by 47.3% during the third quarter. Tidal Investments LLC now owns 20,049 shares of the company’s stock valued at $745,000 after purchasing an additional 6,442 shares during the last quarter. Central Pacific Bank Trust Division raised its position in shares of Darling Ingredients by 10.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 10,724 shares of the company’s stock worth $361,000 after purchasing an additional 1,040 shares during the period. First Hawaiian Bank lifted its holdings in shares of Darling Ingredients by 10.8% in the 4th quarter. First Hawaiian Bank now owns 16,521 shares of the company’s stock worth $557,000 after purchasing an additional 1,609 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Darling Ingredients by 18.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,035 shares of the company’s stock valued at $299,000 after purchasing an additional 1,257 shares during the period. 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.