Brokerages Set Darling Ingredients Inc. (NYSE:DAR) PT at $45.63

Shares of Darling Ingredients Inc. (NYSE:DAR) have been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $48.8750.

A number of research analysts recently weighed in on the stock. 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 report on Wednesday, January 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. TD Cowen raised Darling Ingredients from a “hold” rating to a “buy” rating in a report on Tuesday, December 2nd. Piper Sandler cut their target price on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Finally, Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th.

Institutional Trading of Darling Ingredients

Several institutional investors and hedge funds have recently bought and sold shares of DAR. Goldman Sachs Group Inc. grew 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Darling Ingredients by 10.9% during the first 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 in the last quarter. Focus Partners Wealth purchased a new position in Darling Ingredients during the first quarter worth about $205,000. Wealth Enhancement Advisory Services LLC increased its stake in Darling Ingredients by 18.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,379 shares of the company’s stock worth $725,000 after acquiring an additional 2,827 shares during the last quarter. Finally, Greenleaf Trust purchased a new stake in shares of Darling Ingredients in the 2nd quarter valued at about $234,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

NYSE DAR opened at $47.39 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.84. The company has a market cap of $7.50 billion, a PE ratio of 70.73, a price-to-earnings-growth ratio of 0.55 and a beta of 1.27. Darling Ingredients has a 52 week low of $26.00 and a 52 week high of $47.82. The firm’s 50-day simple moving average is $38.12 and its two-hundred day simple moving average is $34.50.

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

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.