Robert W. Baird Cuts Darling Ingredients (NYSE:DAR) Price Target to $40.00

Darling Ingredients (NYSE:DAR - Free Report) had its price target trimmed by Robert W. Baird from $41.00 to $40.00 in a research note released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts also recently issued research reports about the stock. Citigroup decreased their price objective on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. TD Cowen dropped their price target on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research note on Friday. Stephens reiterated an "overweight" rating and issued a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, StockNews.com lowered shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $50.33.

Darling Ingredients Price Performance

DAR traded down $0.04 during midday trading on Friday, hitting $31.84. 2,121,821 shares of the company traded hands, compared to its average volume of 2,249,506. The business has a 50 day simple moving average of $31.59 and a two-hundred day simple moving average of $35.47. Darling Ingredients has a 52-week low of $26.00 and a 52-week high of $47.28. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 18.40 and a beta of 1.19. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.36). The company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.45 billion. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The company's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $0.50 EPS. On average, equities analysts forecast that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Institutional Trading of Darling Ingredients

Institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas bought a new position in shares of Darling Ingredients during the first quarter valued at $726,000. First Horizon Advisors Inc. lifted its stake in shares of Darling Ingredients by 23.8% during the 1st quarter. First Horizon Advisors Inc. now owns 3,735 shares of the company's stock valued at $117,000 after buying an additional 719 shares in the last quarter. Unified Investment Management increased its position in shares of Darling Ingredients by 13.7% during the first quarter. Unified Investment Management now owns 25,386 shares of the company's stock valued at $793,000 after buying an additional 3,067 shares during the period. Red Door Wealth Management LLC grew its position in Darling Ingredients by 17.9% during the first quarter. Red Door Wealth Management LLC now owns 137,550 shares of the company's stock worth $4,297,000 after buying an additional 20,923 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its stake in Darling Ingredients by 16.5% during the first quarter. Peregrine Capital Management LLC now owns 218,806 shares of the company's stock worth $6,835,000 after purchasing an additional 30,952 shares during the last quarter. 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.