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

Darling Ingredients Inc. (NYSE:DARGet Free Report) has received an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $69.00.

A number of research analysts recently weighed in on DAR shares. Zacks Research raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. Wall Street Zen upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Barclays raised their price objective on Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. TD Cowen upped their target price on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, Weiss Ratings raised Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th.

Get Our Latest Stock Report on DAR

Darling Ingredients Stock Performance

DAR opened at $66.51 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 17.93 and a beta of 1.02. The business’s 50-day moving average price is $63.65 and its two-hundred day moving average price is $60.35. Darling Ingredients has a 1 year low of $29.15 and a 1 year high of $69.98.

Darling Ingredients (NYSE:DARGet Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $1.01. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.Darling Ingredients’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the company earned $0.08 earnings per share. Equities analysts expect that Darling Ingredients will post 6.98 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Charles Adair acquired 1,000 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of $60.97 per share, with a total value of $60,970.00. Following the acquisition, the director owned 51,690 shares in the company, valued at $3,151,539.30. This represents a 1.97% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Joseph Manzi sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total transaction of $67,270.00. Following the completion of the transaction, the chief accounting officer directly owned 18,969 shares of the company’s stock, valued at $1,276,044.63. This represents a 5.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 10,591 shares of company stock worth $704,303. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. SJS Investment Consulting Inc. boosted its stake in Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 174 shares during the period. Turtle Creek Wealth Advisors LLC raised its position in shares of Darling Ingredients by 2.6% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock valued at $472,000 after buying an additional 196 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Darling Ingredients by 2.9% in the first quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock worth $481,000 after buying an additional 220 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Darling Ingredients by 3.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock worth $277,000 after buying an additional 267 shares in the last quarter. Finally, HB Wealth Management LLC boosted its position in shares of Darling Ingredients by 3.3% during the second quarter. HB Wealth Management LLC now owns 8,487 shares of the company’s stock worth $464,000 after acquiring an additional 269 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Company Profile

(Get Free Report)

Darling Ingredients Inc is a global developer and producer of sustainable ingredients derived from animal by-products, used cooking oil, food waste and other organic materials. The company collects and processes these materials into products used in animal feed, pet food, agriculture, food, fuel and industrial applications.

Its product portfolio includes protein meals, animal fats, feed-grade ingredients, fertilizer nutrients, gelatin and collagen products, and specialty ingredients. Darling also produces renewable diesel and other low-carbon fuels through its Diamond Green Diesel joint venture with Valero Energy, which converts waste fats, oils and greases into renewable fuels.

Founded in 1882, Darling Ingredients serves customers through operations spanning North America, South America, Europe, Asia and Australia.

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Analyst Recommendations for Darling Ingredients (NYSE:DAR)

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