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

Darling Ingredients Inc. (NYSE:DAR) has received an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $69.00.

DAR has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Scotiabank boosted their target price on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Piper Sandler boosted their price target on shares of Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Stephens boosted their price target on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th.

Insider Activity

In other news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were 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 approximately $1,275,819.41. The trade was a 13.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in shares of Darling Ingredients by 4.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,209,775 shares of the company’s stock valued at $43,552,000 after acquiring an additional 56,662 shares during the period. Fisher Asset Management LLC lifted its position in shares of Darling Ingredients by 94.2% during the 3rd quarter. Fisher Asset Management LLC now owns 75,442 shares of the company’s stock valued at $2,329,000 after acquiring an additional 36,593 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Darling Ingredients by 75.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 601,263 shares of the company’s stock valued at $18,561,000 after acquiring an additional 258,942 shares during the period. Fideuram Asset Management Ireland dac acquired a new position in shares of Darling Ingredients during the 4th quarter valued at $585,000. Finally, Citigroup Inc. lifted its position in shares of Darling Ingredients by 134.4% during the 3rd quarter. Citigroup Inc. now owns 431,336 shares of the company’s stock valued at $13,315,000 after acquiring an additional 247,311 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Trading Down 1.3%

DAR opened at $60.77 on Friday. Darling Ingredients has a fifty-two week low of $29.15 and a fifty-two week high of $66.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 44.03 and a beta of 1.02. The company’s 50 day moving average price is $61.08 and its two-hundred day moving average price is $49.68.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the firm posted ($0.16) EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, research analysts predict that Darling Ingredients will post 4.68 earnings per share for the current year.

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.