Robert W. Baird Lowers Darling Ingredients (NYSE:DAR) Price Target to $41.00

Darling Ingredients (NYSE:DAR) had its price objective cut by stock analysts at Robert W. Baird from $51.00 to $41.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 39.98% from the stock’s previous close.

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

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $29.29 on Tuesday. The business has a 50-day simple moving average of $33.48 and a two-hundred day simple moving average of $35.89. 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 firm has a market cap of $4.63 billion, a price-to-earnings ratio of 16.93 and a beta of 1.19. Darling Ingredients has a fifty-two week low of $26.00 and a fifty-two week high of $47.28.

Darling Ingredients (NYSE:DAR) last posted 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, analysts expect that Darling Ingredients will post 2.81 earnings per share for the current year.

Hedge Funds Weigh In On Darling Ingredients

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