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

Shares of Darling Ingredients Inc. (NYSE:DAR) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $45.00.

Several brokerages have recently issued reports on DAR. JPMorgan Chase & Co. began coverage on Darling Ingredients in a research report on Wednesday, August 20th. They set an “overweight” rating and a $43.00 target price for the company. UBS Group reaffirmed a “buy” rating and set a $58.00 target price on shares of Darling Ingredients in a research report on Friday. Piper Sandler decreased their target price on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday. Zacks Research lowered Darling Ingredients from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 16th. Finally, Baird R W lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Darling Ingredients

Large investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its holdings in Darling Ingredients by 609.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after acquiring an additional 561 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in Darling Ingredients in the 3rd quarter worth about $29,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Darling Ingredients in the 1st quarter worth about $30,000. EverSource Wealth Advisors LLC increased its holdings in Darling Ingredients by 681.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after acquiring an additional 886 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its holdings in 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. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Trading Down 0.3%

NYSE DAR opened at $34.46 on Thursday. The firm has a market capitalization of $5.45 billion, a P/E ratio of 51.43, a PEG ratio of 2.08 and a beta of 1.22. The business has a fifty day simple moving average of $32.13 and a 200 day simple moving average of $33.17. Darling Ingredients has a 12 month low of $26.00 and a 12 month high of $43.49. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Darling Ingredients will post 2.81 EPS for the current fiscal year.

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.