Darling Ingredients (NYSE:DAR) Rating Increased to Outperform at Robert W. Baird

Darling Ingredients (NYSE:DAR) was upgraded by stock analysts at Robert W. Baird from a “hold” rating to an “outperform” rating in a research report issued on Monday, Marketbeat reports. The firm presently has a $62.00 target price on the stock. Robert W. Baird’s target price would suggest a potential upside of 30.84% from the company’s previous close.

Several other research firms have also recently weighed in on DAR. Bank of America initiated coverage on shares of Darling Ingredients in a research report on Wednesday, October 8th. They issued a “buy” rating and a $45.00 price objective for the company. TD Cowen upgraded Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. UBS Group set a $50.00 price objective on Darling Ingredients in a research report on Monday, November 3rd. Finally, Piper Sandler cut their target price on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $48.88.

Darling Ingredients Price Performance

Shares of DAR stock opened at $47.39 on Monday. Darling Ingredients has a 52 week low of $26.00 and a 52 week high of $47.82. The stock has a market capitalization of $7.50 billion, a PE ratio of 70.73, a PEG ratio of 0.55 and a beta of 1.27. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.87 and a current ratio of 1.49. The stock’s fifty day moving average is $38.12 and its 200-day moving average is $34.50.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). The company had revenue of $1.40 billion for the quarter. Darling Ingredients had a return on equity of 2.39% and a net margin of 1.84%. Equities research analysts expect that Darling Ingredients will post 2.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. increased its stake in Darling Ingredients by 609.8% in the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after purchasing an additional 561 shares in the last quarter. Danske Bank A S acquired a new position in shares of Darling Ingredients in the 3rd quarter valued at $25,000. Sound Income Strategies LLC bought a new stake in shares of Darling Ingredients in the 3rd quarter valued at $29,000. Abich Financial Wealth Management LLC acquired a new stake in Darling Ingredients during the 3rd quarter worth $37,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Darling Ingredients by 681.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after acquiring an additional 886 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

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.