Darling Ingredients (NYSE:DAR) Lowered to Hold Rating by Wall Street Zen

Darling Ingredients (NYSE:DAR) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities research analysts also recently issued reports on the company. Scotiabank increased their price objective on Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their target price on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. TD Cowen dropped their target price on Darling Ingredients from $76.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday. Weiss Ratings cut shares of Darling Ingredients from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Finally, Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $67.45.

Darling Ingredients Price Performance

DAR opened at $52.48 on Friday. The stock has a fifty day moving average of $59.14 and a 200-day moving average of $51.81. The firm has a market capitalization of $8.34 billion, a P/E ratio of 38.03 and a beta of 1.02. Darling Ingredients has a 12-month low of $29.15 and a 12-month high of $66.02. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.82.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.56 by $0.27. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the firm posted ($0.16) earnings per share. Darling Ingredients’s revenue was up 12.3% compared to the same quarter last year. Equities analysts forecast that Darling Ingredients will post 4.59 EPS for the current fiscal year.

Insider Buying and Selling

In other Darling Ingredients news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $63.89, for a total value of $191,670.00. Following the transaction, the chief accounting officer owned 19,969 shares in the company, valued at $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Darling Ingredients

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Darling Ingredients by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock valued at $554,196,000 after buying an additional 512,219 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Darling Ingredients by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company’s stock valued at $498,927,000 after acquiring an additional 47,565 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Darling Ingredients by 6.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company’s stock valued at $158,119,000 after acquiring an additional 287,665 shares in the last quarter. Davis Selected Advisers raised its position in Darling Ingredients by 15.8% during the fourth quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock valued at $102,324,000 after acquiring an additional 388,366 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Darling Ingredients by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 2,839,649 shares of the company’s stock valued at $102,249,000 after acquiring an additional 76,151 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

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.