Darling Ingredients (NYSE:DAR) Rating Lowered to “Hold” at Wall Street Zen

Darling Ingredients (NYSE:DAR) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

Several other equities analysts have also recently weighed in on DAR. TD Cowen increased their price objective on shares of Darling Ingredients from $45.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $66.00 target price on shares of Darling Ingredients in a report on Friday, February 13th. Scotiabank reiterated an “outperform” rating and issued a $61.00 price target on shares of Darling Ingredients in a research report on Tuesday, February 17th. Finally, BMO Capital Markets lifted their price target on shares of Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.60.

Darling Ingredients Stock Performance

Shares of DAR opened at $56.44 on Friday. The firm has a market capitalization of $8.96 billion, a P/E ratio of 144.71, a PEG ratio of 0.43 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.50 and a quick ratio of 0.99. Darling Ingredients has a one year low of $26.00 and a one year high of $57.96. The business has a fifty day moving average of $49.40 and a 200 day moving average of $39.31.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. The company 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, sell-side analysts anticipate that Darling Ingredients will post 2.81 EPS for the current year.

Insider Activity

In related news, CEO Randall C. Stuewe sold 20,000 shares of the business’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 transaction of $1,042,400.00. Following the completion of the transaction, the chief executive officer directly owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. The trade was a 1.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.07% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in shares of Darling Ingredients by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock valued at $20,119,000 after purchasing an additional 93,408 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Darling Ingredients by 10.9% in 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 worth $18,768,000 after buying an additional 58,925 shares during the period. Focus Partners Wealth purchased a new stake in Darling Ingredients in the 1st quarter worth $205,000. PNC Financial Services Group Inc. increased its stake in Darling Ingredients by 18.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,613 shares of the company’s stock worth $516,000 after buying an additional 2,163 shares in the last quarter. Finally, Creative Planning raised its holdings in Darling Ingredients by 39.6% during the second quarter. Creative Planning now owns 19,511 shares of the company’s stock valued at $740,000 after acquiring an additional 5,533 shares during the period. 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.