Darling Ingredients (NYSE:DAR) Earns “Overweight” Rating from Stephens

Darling Ingredients (NYSE:DAR)‘s stock had its “overweight” rating restated by equities researchers at Stephens in a research note issued on Thursday,Benzinga reports. They presently have a $52.00 price target on the stock. Stephens’ price target points to a potential upside of 46.98% from the company’s current price.

Several other equities research analysts have also commented on DAR. Jefferies Financial Group upped their price objective on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler dropped their target price 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. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.67.

Darling Ingredients Stock Performance

Shares of NYSE:DAR traded up $0.44 during midday trading on Thursday, reaching $35.38. 331,699 shares of the company’s stock traded hands, compared to its average volume of 1,843,016. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. Darling Ingredients has a one year low of $32.55 and a one year high of $48.39. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 21.83 and a beta of 1.21. The stock has a 50 day moving average of $36.62 and a 200 day moving average of $37.54.

Darling Ingredients (NYSE:DAR) last posted 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 business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the business posted $0.77 EPS. The business’s quarterly revenue was down 12.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Darling Ingredients will post 1.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors and hedge funds have recently bought and sold shares of DAR. Algert Global LLC grew its position in shares of Darling Ingredients by 266.6% in the 3rd quarter. Algert Global LLC now owns 103,871 shares of the company’s stock worth $3,860,000 after buying an additional 75,540 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Darling Ingredients by 23.2% in the third quarter. Natixis Advisors LLC now owns 107,913 shares of the company’s stock valued at $4,010,000 after purchasing an additional 20,323 shares during the last quarter. Erste Asset Management GmbH acquired a new position in shares of Darling Ingredients in the 3rd quarter valued at about $30,545,000. Jennison Associates LLC boosted its holdings in Darling Ingredients by 4.1% during the third quarter. Jennison Associates LLC now owns 1,093,516 shares of the company’s stock worth $40,635,000 after buying an additional 42,921 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Darling Ingredients by 203.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock worth $62,134,000 after purchasing an additional 1,235,985 shares during the period. 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.