Darling Ingredients (NYSE:DAR) Rating Increased to Hold at Barclays

Darling Ingredients (NYSE:DAR) was upgraded by analysts at Barclays to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other analysts have also issued reports about the stock. Scotiabank boosted their target price on shares of Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Robert W. Baird increased their price target on shares of Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Weiss Ratings cut shares of Darling Ingredients from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, UBS Group upped their price objective on Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Darling Ingredients Trading Down 0.7%

Shares of NYSE:DAR opened at $53.30 on Monday. The stock’s 50-day simple moving average is $59.73 and its two-hundred day simple moving average is $51.46. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 38.62 and a beta of 1.02. Darling Ingredients has a 52-week low of $29.15 and a 52-week high of $66.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the firm earned ($0.16) EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. Analysts expect that Darling Ingredients will post 4.68 EPS for the current year.

Insider Buying and Selling

In other news, CAO Joseph Manzi sold 3,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the transaction, the chief accounting officer directly owned 19,969 shares in the company, valued at approximately $1,275,819.41. This represents a 13.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DAR. Norges Bank purchased a new stake in Darling Ingredients during the fourth quarter valued at approximately $94,211,000. No Street GP LP purchased a new position in shares of Darling Ingredients in the 3rd quarter worth approximately $69,458,000. Assenagon Asset Management S.A. increased its position in shares of Darling Ingredients by 72.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,091,960 shares of the company’s stock valued at $129,388,000 after purchasing an additional 882,185 shares during the last quarter. Rubric Capital Management LP purchased a new stake in Darling Ingredients during the 4th quarter valued at $24,510,000. Finally, Amundi raised its holdings in Darling Ingredients by 177.7% during the 4th quarter. Amundi now owns 864,400 shares of the company’s stock valued at $31,119,000 after buying an additional 553,081 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

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.