Robert W. Baird Issues Positive Forecast for Darling Ingredients (NYSE:DAR) Stock Price

Darling Ingredients (NYSE:DAR) had its price objective lifted by equities researchers at Robert W. Baird from $64.00 to $75.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 17.36% from the stock’s current price.

DAR has been the topic of several other reports. Piper Sandler upped their price objective on Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. BMO Capital Markets upped their price objective on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Scotiabank reaffirmed an “outperform” rating and issued a $61.00 price objective on shares of Darling Ingredients in a research report on Tuesday, February 17th. Wall Street Zen cut Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Finally, Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and an average price target of $61.80.

Darling Ingredients Stock Performance

Shares of DAR opened at $63.90 on Tuesday. The stock has a market cap of $10.14 billion, a P/E ratio of 163.86, a P/E/G ratio of 0.48 and a beta of 1.08. Darling Ingredients has a 52 week low of $26.00 and a 52 week high of $64.69. 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 business’s 50 day moving average price is $53.47 and its 200-day moving average price is $41.36.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.35 earnings per share (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%. Equities research analysts anticipate that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

A number of hedge funds have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. raised its stake in Darling Ingredients by 3.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock valued at $277,000 after buying an additional 267 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Darling Ingredients by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 48,856 shares of the company’s stock valued at $1,508,000 after buying an additional 304 shares during the last quarter. NBC Securities Inc. raised its stake in Darling Ingredients by 1.3% during the 4th quarter. NBC Securities Inc. now owns 24,318 shares of the company’s stock valued at $875,000 after buying an additional 318 shares during the last quarter. Union Bancaire Privee UBP SA increased its stake in shares of Darling Ingredients by 1.7% in the 4th quarter. Union Bancaire Privee UBP SA now owns 20,457 shares of the company’s stock worth $731,000 after purchasing an additional 342 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Darling Ingredients by 21.2% in the 4th quarter. UMB Bank n.a. now owns 2,026 shares of the company’s stock worth $73,000 after purchasing an additional 354 shares in the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

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.