Darling Ingredients (NYSE:DAR) Raised to “Buy” at Wall Street Zen

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

DAR has been the topic of a number of other reports. Weiss Ratings restated a “sell (d+)” rating on shares of Darling Ingredients in a report on Friday, April 10th. Piper Sandler upped their target price on shares of Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, February 13th. UBS Group upped their target price on shares of Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Scotiabank restated an “outperform” rating and issued a $61.00 target price on shares of Darling Ingredients in a report on Tuesday, February 17th. Finally, TD Cowen upped their target price on shares of Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $64.56.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $57.91 on Friday. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of 148.49, a PEG ratio of 0.43 and a beta of 1.08. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $56.04 and its 200 day moving average price is $43.23. Darling Ingredients has a 52 week low of $28.32 and a 52 week high of $64.90.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $1.71 billion for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. As a group, research analysts forecast that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the transaction, the chief executive officer directly owned 1,117,085 shares in the company, valued at $58,222,470.20. This represents a 1.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Danske Bank A S acquired a new stake in shares of Darling Ingredients during the 3rd quarter worth $25,000. Allworth Financial LP increased its holdings in shares of Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after buying an additional 509 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Darling Ingredients during the 3rd quarter worth $29,000. Litman Gregory Wealth Management LLC acquired a new stake in shares of Darling Ingredients during the 4th quarter worth $29,000. Finally, Leonteq Securities AG acquired a new stake in shares of Darling Ingredients during the 4th quarter worth $35,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

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.