Darling Ingredients (NYSE:DAR) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of Darling Ingredients (NYSE:DAR) from a hold rating to an outperform rating in a research note issued to investors on Monday morning, MarketBeat.com reports. Robert W. Baird currently has $62.00 target price on the stock.

Several other equities analysts have also commented on DAR. Weiss Ratings reissued a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. Jefferies Financial Group increased their price target on shares of Darling Ingredients from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. TD Cowen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a report on Tuesday, December 2nd. Finally, Bank of America started coverage on shares of Darling Ingredients in a report on Wednesday, October 8th. They set a “buy” rating and a $45.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.88.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $47.91 on Monday. Darling Ingredients has a 1 year low of $26.00 and a 1 year high of $48.93. The stock has a market capitalization of $7.58 billion, a P/E ratio of 71.51, a P/E/G ratio of 0.56 and a beta of 1.27. The company’s 50-day moving average is $38.60 and its 200 day moving average is $34.68. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.49 and a quick ratio of 0.87.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.04). Darling Ingredients had a net margin of 1.84% and a return on equity of 2.39%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.53 billion. On average, sell-side analysts expect that Darling Ingredients will post 2.81 earnings per share for the current year.

Hedge Funds Weigh In On Darling Ingredients

Hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its stake in Darling Ingredients by 609.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after purchasing an additional 561 shares during the last quarter. Danske Bank A S bought a new position in shares of Darling Ingredients during the third quarter valued at $25,000. Sound Income Strategies LLC purchased a new stake in shares of Darling Ingredients during the third quarter valued at $29,000. Abich Financial Wealth Management LLC bought a new stake in Darling Ingredients in the 3rd quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC raised its position in Darling Ingredients by 681.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after buying an additional 886 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

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.