Darling Ingredients Inc. (NYSE:DAR) Receives $53.44 Average Target Price from Brokerages

Darling Ingredients Inc. (NYSE:DAR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine analysts that are covering the company, MarketBeat.com 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 target price among brokerages that have covered the stock in the last year is $53.44.

A number of analysts have issued reports on DAR shares. JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Jefferies Financial Group lifted 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. Finally, Piper Sandler dropped their target price on Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, October 11th.

Hedge Funds Weigh In On Darling Ingredients

A number of large investors have recently bought and sold shares of the business. Curated Wealth Partners LLC purchased a new position in Darling Ingredients during the 4th quarter valued at $819,000. Inspire Investing LLC boosted its holdings in Darling Ingredients by 8.8% during the 4th quarter. Inspire Investing LLC now owns 38,120 shares of the company's stock valued at $1,284,000 after acquiring an additional 3,073 shares during the period. Janney Capital Management LLC boosted its holdings in Darling Ingredients by 28.2% during the 4th quarter. Janney Capital Management LLC now owns 8,631 shares of the company's stock valued at $291,000 after acquiring an additional 1,899 shares during the period. Perpetual Ltd lifted its holdings in shares of Darling Ingredients by 2,200.7% in the 4th quarter. Perpetual Ltd now owns 477,225 shares of the company's stock worth $16,078,000 after buying an additional 456,482 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in shares of Darling Ingredients by 19.8% in the 4th quarter. Ballentine Partners LLC now owns 11,355 shares of the company's stock worth $383,000 after buying an additional 1,874 shares during the period. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Price Performance

NYSE:DAR traded down $1.22 during trading hours on Tuesday, reaching $35.42. The stock had a trading volume of 2,272,014 shares, compared to its average volume of 1,953,385. 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 52 week low of $32.55 and a 52 week high of $48.39. The company has a 50 day moving average price of $36.90 and a two-hundred day moving average price of $37.56. The stock has a market capitalization of $5.63 billion, a PE ratio of 21.86 and a beta of 1.21.

Darling Ingredients (NYSE:DAR - Get Free Report) last released 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 firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm earned $0.77 EPS. The business's revenue was down 12.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Darling Ingredients will post 1.6 earnings per share for the current fiscal year.

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.