Darling Ingredients Inc. (NYSE:DAR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Darling Ingredients Inc. (NYSE:DAR) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $53.67.

A number of brokerages have recently commented on DAR. Piper Sandler decreased their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Stephens reissued an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday. Jefferies Financial Group raised their price objective on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their target price on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th.

Darling Ingredients Price Performance

NYSE:DAR opened at $36.01 on Tuesday. The stock’s 50-day simple moving average is $36.37 and its 200 day simple moving average is $37.54. Darling Ingredients has a 52-week low of $32.55 and a 52-week high of $48.39. 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 company has a market cap of $5.73 billion, a P/E ratio of 22.23 and a beta of 1.21.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company earned $0.77 EPS. The company’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, sell-side analysts forecast that Darling Ingredients will post 1.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Darling Ingredients

A number of hedge funds have recently bought and sold shares of DAR. Heck Capital Advisors LLC acquired a new stake in shares of Darling Ingredients during the 4th quarter worth $25,000. GAMMA Investing LLC grew its stake in Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after buying an additional 527 shares in the last quarter. Signaturefd LLC increased its holdings in Darling Ingredients by 75.0% in 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 period. Blue Trust Inc. raised its position in shares of Darling Ingredients by 38.0% in the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Darling Ingredients during the 3rd quarter worth approximately $58,000. 94.44% of the stock is owned by 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.