Darling Ingredients Inc. (NYSE:DAR) Receives $55.60 Consensus Target Price from Analysts

Darling Ingredients Inc. (NYSE:DAR) has received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $57.90.

A number of research firms recently commented on DAR. JPMorgan Chase & Co. raised their price objective on shares of Darling Ingredients from $59.00 to $69.00 and gave the stock an “overweight” rating in a research note on Tuesday. BMO Capital Markets increased their target price on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Wall Street Zen downgraded Darling Ingredients from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Robert W. Baird set a $64.00 price target on Darling Ingredients in a research report on Friday, February 13th.

Insiders Place Their Bets

In other news, CEO Randall C. Stuewe sold 20,000 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $52.12, for a total value of $1,042,400.00. Following the transaction, the chief executive officer owned 1,117,085 shares in the company, valued at $58,222,470.20. This represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.07% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ASR Vermogensbeheer N.V. boosted its stake in shares of Darling Ingredients by 7.8% during the 3rd quarter. ASR Vermogensbeheer N.V. now owns 536,355 shares of the company’s stock valued at $16,557,000 after buying an additional 38,855 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Darling Ingredients by 94.2% during the 3rd quarter. Fisher Asset Management LLC now owns 75,442 shares of the company’s stock valued at $2,329,000 after acquiring an additional 36,593 shares in the last quarter. Ninety One UK Ltd acquired a new position in shares of Darling Ingredients in the third quarter worth $12,484,000. NFC Investments LLC raised its holdings in shares of Darling Ingredients by 7.8% during the second quarter. NFC Investments LLC now owns 477,963 shares of the company’s stock worth $18,134,000 after acquiring an additional 34,388 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Darling Ingredients by 134.4% during the third quarter. Citigroup Inc. now owns 431,336 shares of the company’s stock worth $13,315,000 after acquiring an additional 247,311 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

DAR stock opened at $58.00 on Friday. Darling Ingredients has a one year low of $26.00 and a one year high of $59.36. The firm has a 50-day moving average of $49.76 and a two-hundred day moving average of $39.49. The firm has a market capitalization of $9.21 billion, a PE ratio of 148.72, a P/E/G ratio of 0.44 and a beta of 1.24. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. The business had revenue of $1.71 billion for the quarter. On average, analysts forecast that Darling Ingredients will post 2.81 earnings per share for the current year.

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.