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

Shares of Darling Ingredients Inc. (NYSE:DAR) have earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $43.5714.

Several equities research analysts have commented on the stock. Baird R W lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Piper Sandler reduced their target price on shares of Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, July 28th. Tudor Pickering raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 11th. Weiss Ratings restated a “sell (d)” rating on shares of Darling Ingredients in a research note on Saturday, September 27th. Finally, Robert W. Baird restated a “neutral” rating and set a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th.

Darling Ingredients Trading Up 0.9%

Shares of Darling Ingredients stock opened at $31.76 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $5.02 billion, a P/E ratio of 48.12 and a beta of 1.22. The stock has a fifty day simple moving average of $32.06 and a 200 day simple moving average of $32.99. Darling Ingredients has a 12-month low of $26.00 and a 12-month high of $43.49.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. Darling Ingredients’s revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Randall C. Stuewe sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the sale, the chief executive officer owned 781,437 shares of the company’s stock, valued at approximately $24,162,032.04. This represents a 4.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. increased its position in shares of Darling Ingredients by 609.8% in the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after purchasing an additional 561 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Darling Ingredients during the 1st quarter worth $30,000. EverSource Wealth Advisors LLC increased its position in shares of Darling Ingredients by 681.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock valued at $39,000 after purchasing an additional 886 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Darling Ingredients by 33.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock worth $62,000 after acquiring an additional 500 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Darling Ingredients by 207.1% in the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company’s stock worth $64,000 after acquiring an additional 1,373 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.