Darling Ingredients (NYSE:DAR) Stock Rating Upgraded by Zacks Research

Darling Ingredients (NYSE:DAR) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other analysts have also commented on the company. BMO Capital Markets increased their price objective on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Scotiabank reaffirmed an “outperform” rating and set a $61.00 price objective on shares of Darling Ingredients in a research note on Tuesday, February 17th. Piper Sandler increased their price objective on Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. TD Cowen increased their target price on Darling Ingredients from $45.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, Jefferies Financial Group lifted their price target on Darling Ingredients from $66.00 to $73.00 and gave the company a “buy” rating in a report on Friday, April 10th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $64.56.

Darling Ingredients Stock Down 1.9%

DAR opened at $58.46 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.50 and a debt-to-equity ratio of 0.80. The firm has a market cap of $9.28 billion, a P/E ratio of 149.90, a PEG ratio of 0.44 and a beta of 1.08. Darling Ingredients has a 52 week low of $28.32 and a 52 week high of $64.90. The business’s fifty day simple moving average is $55.59 and its 200 day simple moving average is $42.75.

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

Insider Activity at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 20,000 shares of the firm’s stock in a transaction dated 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 $58,222,470.20. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Darling Ingredients

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its position in shares of Darling Ingredients by 17.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock worth $20,119,000 after acquiring an additional 93,408 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Darling Ingredients by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock valued at $18,768,000 after purchasing an additional 58,925 shares during the period. Focus Partners Wealth acquired a new position in Darling Ingredients during the 1st quarter valued at approximately $205,000. M&T Bank Corp boosted its position in Darling Ingredients by 11.2% during the 2nd quarter. M&T Bank Corp now owns 8,384 shares of the company’s stock valued at $318,000 after purchasing an additional 847 shares during the period. Finally, Invesco Ltd. boosted its position in Darling Ingredients by 5.0% during the 2nd quarter. Invesco Ltd. now owns 677,528 shares of the company’s stock valued at $25,705,000 after purchasing an additional 32,553 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Company Profile

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.