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

Darling Ingredients Inc. (NYSE:DAR) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $45.3333.

Several research firms have issued reports on DAR. TD Cowen raised Darling Ingredients from a “hold” rating to a “buy” rating and boosted their price target for the company from $34.00 to $45.00 in a report on Tuesday, December 2nd. Jefferies Financial Group boosted their price objective on Darling Ingredients from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Cowen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Tuesday, December 2nd. Bank of America assumed coverage on shares of Darling Ingredients in a report on Wednesday, October 8th. They set a “buy” rating and a $45.00 price target on the stock. Finally, UBS Group set a $50.00 price target on shares of Darling Ingredients in a research report on Monday, November 3rd.

Darling Ingredients Stock Down 0.3%

DAR opened at $37.54 on Tuesday. The firm’s 50 day simple moving average is $34.92 and its two-hundred day simple moving average is $34.00. The company has a market capitalization of $5.94 billion, a PE ratio of 56.02, a PEG ratio of 0.41 and a beta of 1.25. Darling Ingredients has a 1-year low of $26.00 and a 1-year high of $42.15. The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Darling Ingredients had a net margin of 1.84% and a return on equity of 2.39%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $0.11 EPS. The company’s revenue was up 10.0% on a year-over-year basis. As a group, equities analysts forecast that Darling Ingredients will post 2.81 EPS for the current year.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors have recently bought and sold shares of the business. NFC Investments LLC boosted its stake in Darling Ingredients by 7.8% in the 2nd quarter. NFC Investments LLC now owns 477,963 shares of the company’s stock worth $18,134,000 after purchasing an additional 34,388 shares during the period. Ninety One UK Ltd bought a new stake in shares of Darling Ingredients during the third quarter valued at approximately $12,484,000. Russell Investments Group Ltd. lifted its holdings in shares of Darling Ingredients by 6.4% in the second quarter. Russell Investments Group Ltd. now owns 695,549 shares of the company’s stock worth $26,453,000 after buying an additional 41,590 shares in the last quarter. Triodos Investment Management BV lifted its holdings in shares of Darling Ingredients by 5.4% in the second quarter. Triodos Investment Management BV now owns 932,914 shares of the company’s stock worth $35,395,000 after buying an additional 47,500 shares in the last quarter. Finally, Harspring Capital Management LLC bought a new position in shares of Darling Ingredients during the second quarter worth $31,680,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Company Profile

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.