Darling Ingredients (NYSE:DAR) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Darling Ingredients (NYSE:DAR) from a sell rating to a hold rating in a research report sent to investors on Friday.

A number of other brokerages have also issued reports on DAR. Citigroup reduced their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Stephens restated an “overweight” rating and issued a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.75.

Darling Ingredients Trading Down 1.6 %

Darling Ingredients stock opened at $32.24 on Friday. Darling Ingredients has a one year low of $31.87 and a one year high of $48.39. The stock has a market cap of $5.12 billion, a PE ratio of 18.64 and a beta of 1.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The stock has a 50-day moving average of $36.53 and a two-hundred day moving average of $37.40.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. On average, research analysts anticipate that Darling Ingredients will post 2.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Darling Ingredients

Hedge funds and other institutional investors have recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in Darling Ingredients during the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB grew its holdings in shares of Darling Ingredients by 157.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after purchasing an additional 721 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Darling Ingredients during the 3rd quarter worth approximately $58,000. Farther Finance Advisors LLC lifted its holdings in Darling Ingredients by 69.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after buying an additional 758 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Darling Ingredients by 42.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock valued at $86,000 after buying an additional 687 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Company Profile

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.