Darling Ingredients Inc. (NYSE:DAR) Given Average Recommendation of “Moderate Buy” by Analysts

Darling Ingredients Inc. (NYSE:DAR) has earned a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $55.60.

A number of research analysts recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Jefferies Financial Group restated a “buy” rating and set a $66.00 target price on shares of Darling Ingredients in a research note on Friday, February 13th. TD Cowen raised their target price on Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a report on Friday, February 13th. Robert W. Baird set a $64.00 price target on Darling Ingredients in a research note on Friday, February 13th. Finally, Scotiabank reissued an “outperform” rating and set a $61.00 price target on shares of Darling Ingredients in a report on Tuesday, February 17th.

Insider Buying and Selling

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the transaction, the chief executive officer owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Danske Bank A S bought a new position in Darling Ingredients in the 3rd quarter valued at approximately $25,000. Allworth Financial LP grew its stake in shares of Darling Ingredients by 227.2% during the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after buying an additional 509 shares during the last quarter. Sound Income Strategies LLC bought a new stake in shares of Darling Ingredients during the third quarter worth $29,000. Litman Gregory Wealth Management LLC acquired a new position in shares of Darling Ingredients during the fourth quarter worth $29,000. Finally, Leonteq Securities AG acquired a new position in shares of Darling Ingredients during the fourth quarter worth $35,000. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Trading Down 3.0%

Shares of Darling Ingredients stock opened at $55.09 on Friday. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 141.26, a PEG ratio of 0.43 and a beta of 1.24. The company has a quick ratio of 0.99, a current ratio of 1.50 and a debt-to-equity ratio of 0.80. Darling Ingredients has a 12-month low of $26.00 and a 12-month high of $57.96. The firm’s 50-day moving average price is $49.06 and its two-hundred day moving average price is $39.09.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, January 29th. The company reported $0.35 EPS for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. The company had revenue of $1.71 billion during the quarter. On average, analysts forecast that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

About Darling Ingredients

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.