Darling Ingredients Inc. (NYSE:DAR) Receives Average Rating of “Buy” from Analysts

Darling Ingredients Inc. (NYSE:DARGet Free Report) has earned an average recommendation of “Buy” from the thirteen analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $69.00.

A number of research analysts have weighed in on the stock. Stephens lifted their price objective on shares of Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. BMO Capital Markets raised their target price on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. TD Cowen lifted their price target on Darling Ingredients from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Scotiabank upped their price target on Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Finally, UBS Group increased their price target on Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd.

Get Our Latest Research Report on DAR

Insider Buying and Selling at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $52.12, for a total value of $1,042,400.00. Following the transaction, the chief executive officer directly owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Joseph Manzi sold 3,000 shares of Darling Ingredients stock in a transaction 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 completion of the sale, the chief accounting officer owned 19,969 shares in the company, valued at $1,275,819.41. This represents a 13.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

Several institutional investors have recently modified their holdings of the company. OMERS ADMINISTRATION Corp acquired a new stake in shares of Darling Ingredients in the 1st quarter valued at about $292,000. Lombard Odier Asset Management Europe Ltd boosted its holdings in shares of Darling Ingredients by 14.2% in the first quarter. Lombard Odier Asset Management Europe Ltd now owns 183,301 shares of the company’s stock valued at $11,337,000 after acquiring an additional 22,796 shares during the period. Waverly Advisors LLC purchased a new position in shares of Darling Ingredients during the first quarter worth approximately $337,000. Entropy Technologies LP increased its holdings in shares of Darling Ingredients by 99.5% in the 1st quarter. Entropy Technologies LP now owns 44,733 shares of the company’s stock valued at $2,767,000 after acquiring an additional 22,309 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Darling Ingredients by 37.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 204,615 shares of the company’s stock valued at $12,655,000 after acquiring an additional 55,828 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Stock Performance

Shares of NYSE DAR opened at $62.35 on Monday. The company has a 50 day simple moving average of $59.81 and a two-hundred day simple moving average of $46.98. The stock has a market cap of $9.91 billion, a price-to-earnings ratio of 45.18 and a beta of 1.07. The company has a current ratio of 1.58, a quick ratio of 0.99 and a debt-to-equity ratio of 0.82. Darling Ingredients has a 12 month low of $29.15 and a 12 month high of $66.02.

Darling Ingredients (NYSE:DARGet Free Report) last posted 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. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.16) earnings per share. As a group, analysts predict that Darling Ingredients will post 4.59 earnings per share for the current year.

About Darling Ingredients

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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.

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Analyst Recommendations for Darling Ingredients (NYSE:DAR)

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