Brokerages Set Darling Ingredients Inc. (NYSE:DAR) Price Target at $53.44

Darling Ingredients Inc. (NYSE:DAR) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $53.44.

A number of research firms have recently commented on DAR. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Piper Sandler lowered their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Jefferies Financial Group lifted their target price on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, TD Cowen lowered their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in Darling Ingredients by 38.0% during the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after purchasing an additional 288 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Darling Ingredients by 2.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company’s stock valued at $446,000 after buying an additional 310 shares during the period. Signaturefd LLC grew its position in shares of Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after buying an additional 386 shares during the last quarter. Glenmede Trust Co. NA raised its stake in Darling Ingredients by 5.7% during the third quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock worth $283,000 after acquiring an additional 412 shares during the period. Finally, Corbyn Investment Management Inc. MD lifted its holdings in Darling Ingredients by 1.6% in the third quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company’s stock worth $1,103,000 after acquiring an additional 455 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Up 1.8 %

Shares of NYSE DAR opened at $34.31 on Friday. The stock has a fifty day moving average price of $37.92 and a 200 day moving average price of $37.57. The company has a market cap of $5.46 billion, a P/E ratio of 21.18 and a beta of 1.19. Darling Ingredients has a 12-month low of $32.55 and a 12-month high of $49.89. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.29). The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.77 earnings per share. Research analysts anticipate that Darling Ingredients will post 1.88 EPS for the current fiscal year.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.