Robert W. Baird Issues Pessimistic Forecast for Darling Ingredients (NYSE:DAR) Stock Price

Darling Ingredients (NYSE:DAR) had its price objective trimmed by Robert W. Baird from $51.00 to $41.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also recently weighed in on DAR. Stephens reaffirmed an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. TD Cowen decreased their target price on Darling Ingredients from $43.00 to $37.00 and set a “hold” rating for the company in a research report on Friday, April 4th. Citigroup dropped their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, StockNews.com cut Darling Ingredients from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus target price of $50.78.

Darling Ingredients Price Performance

DAR stock opened at $30.71 on Tuesday. The stock has a 50-day moving average price of $33.10 and a two-hundred day moving average price of $35.80. The company has a market cap of $4.86 billion, a PE ratio of 17.75 and a beta of 1.19. 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 has a 12-month low of $26.00 and a 12-month high of $47.28.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. As a group, research analysts predict that Darling Ingredients will post 2.81 EPS for the current year.

Hedge Funds Weigh In On Darling Ingredients

Institutional investors and hedge funds have recently made changes to their positions in the business. Orion Portfolio Solutions LLC boosted its stake in Darling Ingredients by 26.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,435 shares of the company’s stock valued at $276,000 after acquiring an additional 1,566 shares during the last quarter. MML Investors Services LLC grew its stake in Darling Ingredients by 17.6% in the third quarter. MML Investors Services LLC now owns 12,846 shares of the company’s stock worth $477,000 after purchasing an additional 1,925 shares in the last quarter. Barclays PLC increased its holdings in Darling Ingredients by 32.8% in the third quarter. Barclays PLC now owns 1,332,869 shares of the company’s stock valued at $49,529,000 after buying an additional 328,893 shares during the last quarter. M&T Bank Corp raised its stake in Darling Ingredients by 26.7% during the third quarter. M&T Bank Corp now owns 8,701 shares of the company’s stock valued at $323,000 after buying an additional 1,833 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Darling Ingredients by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company’s stock worth $101,830,000 after buying an additional 36,618 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

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.