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

Shares of Darling Ingredients Inc. (NYSE:DAR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $53.44.

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

Darling Ingredients Price Performance

Shares of DAR stock traded down $0.80 on Monday, reaching $39.73. The company's stock had a trading volume of 2,186,636 shares, compared to its average volume of 2,160,375. Darling Ingredients has a 12-month low of $32.67 and a 12-month high of $51.36. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $6.32 billion, a P/E ratio of 25.02 and a beta of 1.23. The stock's 50 day simple moving average is $38.89 and its 200-day simple moving average is $38.35.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced 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 net margin of 4.42% and a return on equity of 5.98%. The business had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same period last year, the company posted $0.77 EPS. Darling Ingredients's revenue for the quarter was down 12.5% on a year-over-year basis. As a group, equities analysts predict that Darling Ingredients will post 1.88 earnings per share for the current fiscal year.

Institutional Trading of Darling Ingredients

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its holdings in Darling Ingredients by 47.3% in the 3rd quarter. Tidal Investments LLC now owns 20,049 shares of the company's stock worth $745,000 after buying an additional 6,442 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Darling Ingredients by 70.8% in the third quarter. Sanctuary Advisors LLC now owns 14,835 shares of the company's stock valued at $595,000 after buying an additional 6,151 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of Darling Ingredients by 7.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 8,323 shares of the company's stock worth $311,000 after purchasing an additional 564 shares during the period. Geode Capital Management LLC grew its stake in shares of Darling Ingredients by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company's stock valued at $101,830,000 after buying an additional 36,618 shares in the last quarter. Finally, MidWestOne Financial Group Inc. boosted its stake in shares of Darling Ingredients by 48.7% in the third quarter. MidWestOne Financial Group Inc. now owns 46,367 shares of the company's stock valued at $1,723,000 after purchasing an additional 15,182 shares during the period. Institutional investors and hedge funds own 94.44% of the company's stock.

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.