Darling Ingredients' (DAR) Overweight Rating Reiterated at Stephens

Darling Ingredients (NYSE:DAR - Get Free Report)'s stock had its "overweight" rating reissued by research analysts at Stephens in a research note issued to investors on Thursday,Benzinga reports. They presently have a $52.00 price objective on the stock. Stephens' target price suggests a potential upside of 44.41% from the company's current price.

Several other equities analysts have also recently issued reports on DAR. Piper Sandler lowered their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. JPMorgan Chase & Co. lifted their price target 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. Finally, Jefferies Financial Group increased 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. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $53.67.

Darling Ingredients Stock Performance

NYSE:DAR traded down $0.05 during trading hours on Thursday, reaching $36.01. 1,485,017 shares of the stock were exchanged, compared to its average volume of 1,906,181. Darling Ingredients has a 52 week low of $32.55 and a 52 week high of $48.39. 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 stock has a market capitalization of $5.73 billion, a P/E ratio of 22.23 and a beta of 1.21. The firm has a 50 day simple moving average of $36.37 and a 200-day simple moving average of $37.53.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.11 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 the consensus estimate of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. Darling Ingredients's quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 earnings per share. As a group, sell-side analysts forecast that Darling Ingredients will post 1.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DAR. Heck Capital Advisors LLC acquired a new stake in Darling Ingredients in the 4th quarter worth approximately $25,000. GAMMA Investing LLC lifted its stake in shares of Darling Ingredients by 173.9% in the third quarter. GAMMA Investing LLC now owns 830 shares of the company's stock worth $31,000 after buying an additional 527 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company's stock worth $33,000 after buying an additional 386 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Darling Ingredients by 38.0% during 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 period. Finally, Ashton Thomas Securities LLC acquired a new position in Darling Ingredients in the 3rd quarter valued at $58,000. 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.