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

Darling Ingredients Inc. (NYSE:DAR) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $72.55.

Several analysts recently commented on DAR shares. Stifel Nicolaus cut their price objective on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Citigroup increased their price objective on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. BMO Capital Markets lowered their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Stephens lowered their target price on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Finally, Scotiabank lowered their target price on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th.

Insider Transactions at Darling Ingredients

In other Darling Ingredients news, Director Kurt Stoffel acquired 8,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were purchased at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the purchase, the director now directly owns 10,571 shares of the company’s stock, valued at $439,965.02. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DAR. EverSource Wealth Advisors LLC raised its stake in Darling Ingredients by 1,412.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock worth $25,000 after acquiring an additional 466 shares during the period. Rise Advisors LLC bought a new stake in Darling Ingredients during the 1st quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in Darling Ingredients during the 4th quarter worth approximately $29,000. Stone House Investment Management LLC raised its stake in Darling Ingredients by 100.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares during the period. Finally, Millburn Ridgefield Corp bought a new stake in Darling Ingredients during the 3rd quarter worth approximately $31,000. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $45.26 on Friday. Darling Ingredients has a one year low of $38.97 and a one year high of $71.60. The company’s 50-day moving average is $43.92 and its 200 day moving average is $44.57. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 11.41 and a beta of 1.29. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Sell-side analysts expect that Darling Ingredients will post 3.29 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.