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

Shares of Darling Ingredients Inc. (NYSE:DAR) have received an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $67.4545.

Several equities analysts have recently commented on the company. TD Cowen decreased their price target on Darling Ingredients from $76.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. boosted their price objective on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Wall Street Zen downgraded Darling Ingredients from a “buy” rating to a “hold” rating in a report on Saturday. Robert W. Baird boosted their price objective on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Finally, Zacks Research upgraded Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd.

Insider Activity

In related news, CAO Joseph Manzi sold 3,000 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $63.89, for a total value of $191,670.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

Institutional investors and hedge funds have recently modified their holdings of the company. SJS Investment Consulting Inc. raised its holdings in shares of Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 174 shares during the period. Allworth Financial LP raised its holdings in shares of Darling Ingredients by 227.2% in the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after buying an additional 509 shares during the period. Cedar Mountain Advisors LLC purchased a new stake in shares of Darling Ingredients in the 1st quarter valued at $47,000. Litman Gregory Wealth Management LLC purchased a new stake in Darling Ingredients during the 4th quarter worth about $29,000. Finally, Danske Bank A S purchased a new stake in Darling Ingredients during the 3rd quarter worth about $25,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $53.12 on Tuesday. Darling Ingredients has a 52 week low of $29.15 and a 52 week high of $66.02. The business’s fifty day simple moving average is $58.99 and its 200-day simple moving average is $52.05. The firm has a market cap of $8.44 billion, a PE ratio of 38.49 and a beta of 1.02. 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 announced its quarterly earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the company posted ($0.16) EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts forecast that Darling Ingredients will post 4.59 earnings per share for the current 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.