Darling Ingredients Inc. (NYSE:DAR) Receives $72.55 Consensus Target Price from Brokerages

Shares of Darling Ingredients Inc. (NYSE:DAR) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $72.55.

A number of equities analysts recently commented on DAR shares. Citigroup upped their target price on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Scotiabank decreased their target price on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. Stifel Nicolaus decreased their target price on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, April 8th. BMO Capital Markets decreased their target price on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Finally, JPMorgan Chase & Co. decreased their price objective on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $43.15 on Friday. 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 has a fifty-two week low of $38.97 and a fifty-two week high of $71.60. The stock has a 50 day moving average price of $43.85 and a two-hundred day moving average price of $44.61. The company has a market capitalization of $6.89 billion, a P/E ratio of 10.82 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. Analysts expect that Darling Ingredients will post 3.32 earnings per share for the current year.

Insider Transactions at Darling Ingredients

In related news, Director Kurt Stoffel bought 8,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were purchased at an average cost of $41.62 per share, with a total value of $332,960.00. Following the completion of the purchase, the director now owns 10,571 shares in the company, valued at approximately $439,965.02. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.26% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors have recently modified their holdings of DAR. EverSource Wealth Advisors LLC boosted its position in shares of Darling Ingredients by 1,412.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock valued at $25,000 after buying an additional 466 shares during the last quarter. Rise Advisors LLC purchased a new position in Darling Ingredients in the first quarter worth about $25,000. Turtle Creek Wealth Advisors LLC purchased a new position in Darling Ingredients in the fourth quarter worth about $29,000. Stone House Investment Management LLC boosted its position in Darling Ingredients by 100.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in Darling Ingredients in the third quarter worth about $31,000. 94.44% of the stock is 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.