Stifel Nicolaus Lowers Darling Ingredients (NYSE:DAR) Price Target to $85.00

Darling Ingredients (NYSE:DAR) had its price target trimmed by Stifel Nicolaus from $90.00 to $85.00 in a research note published on Monday, Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. cut their price objective on Darling Ingredients from $66.00 to $62.00 and set an overweight rating for the company in a research note on Wednesday, April 17th. BMO Capital Markets decreased their price objective on shares of Darling Ingredients from $60.00 to $57.00 and set an outperform rating on the stock in a research report on Thursday, February 29th. Citigroup upped their target price on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a neutral rating in a report on Wednesday, April 3rd. Stephens decreased their price target on Darling Ingredients from $55.00 to $50.00 and set an equal weight rating on the stock in a report on Wednesday, January 24th. Finally, Scotiabank dropped their price objective on Darling Ingredients from $73.00 to $57.00 and set a sector outperform rating for the company in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Darling Ingredients has a consensus rating of Moderate Buy and a consensus target price of $70.80.

Darling Ingredients Stock Performance

Shares of NYSE DAR opened at $40.58 on Monday. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. Darling Ingredients has a 12-month low of $38.97 and a 12-month high of $71.60. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 12.15 and a beta of 1.31. The firm has a 50 day moving average of $44.26 and a 200 day moving average of $44.52.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.01). Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company earned $1.16 earnings per share. The company’s revenue for the quarter was down 20.7% on a year-over-year basis. On average, research analysts anticipate that Darling Ingredients will post 2.95 earnings per share for the current year.

Insider Buying and Selling at Darling Ingredients

In other news, Director Kurt Stoffel acquired 8,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were acquired at an average cost of $41.62 per share, with a total value of $332,960.00. Following the acquisition, the director now directly owns 10,571 shares of the company’s stock, valued at $439,965.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.62% of the stock is currently owned by company insiders.

Institutional Trading of Darling Ingredients

A number of large investors have recently made changes to their positions in DAR. Norges Bank bought a new stake in Darling Ingredients during the fourth quarter worth approximately $94,650,000. Balyasny Asset Management L.P. purchased a new position in shares of Darling Ingredients in the 4th quarter worth approximately $92,661,000. Gates Capital Management Inc. bought a new position in shares of Darling Ingredients during the 4th quarter valued at approximately $88,885,000. Bank of New York Mellon Corp raised its holdings in Darling Ingredients by 24.9% during the 1st quarter. Bank of New York Mellon Corp now owns 4,279,247 shares of the company’s stock valued at $199,028,000 after buying an additional 851,886 shares during the period. Finally, Triodos Investment Management BV bought a new stake in Darling Ingredients in the third quarter worth $34,698,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Company Profile

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.