Darling Ingredients Inc. (NYSE:DAR) Receives Average Recommendation of "Moderate Buy" from Brokerages

Darling Ingredients Inc. (NYSE:DAR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $53.44.

DAR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Piper Sandler reduced their price objective on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. TD Cowen lowered their target price on Darling Ingredients from $45.00 to $43.00 and set a "hold" rating on the stock in a research report on Friday, September 13th. Finally, Jefferies Financial Group increased their target price on Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, October 25th.

Darling Ingredients Trading Up 0.4 %

DAR traded up $0.12 during trading on Friday, hitting $33.46. The company's stock had a trading volume of 1,445,992 shares, compared to its average volume of 2,190,740. The firm has a market capitalization of $5.32 billion, a P/E ratio of 20.65 and a beta of 1.19. Darling Ingredients has a twelve month low of $32.55 and a twelve month high of $51.12. The stock's fifty day moving average price is $38.38 and its 200-day moving average price is $37.68. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its earnings results 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). The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The firm's revenue was down 12.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 EPS. Analysts anticipate that Darling Ingredients will post 1.88 EPS for the current year.

Institutional Trading of Darling Ingredients

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 527 shares during the period. Signaturefd LLC raised its stake in shares of Darling Ingredients by 75.0% during the 3rd quarter. Signaturefd LLC now owns 901 shares of the company's stock worth $33,000 after purchasing an additional 386 shares during the period. Blue Trust Inc. boosted its holdings 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 worth $38,000 after buying an additional 288 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Darling Ingredients during the third quarter valued at about $58,000. Finally, Farther Finance Advisors LLC increased its holdings in Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company's stock worth $69,000 after buying an additional 758 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.

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.