Brokerages Set Darling Ingredients Inc. (NYSE:DAR) Target Price at $53.44

Shares of Darling Ingredients Inc. (NYSE:DAR) have received an average recommendation 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 issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $53.44.

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

Hedge Funds Weigh In On Darling Ingredients

Several institutional investors have recently added to or reduced their stakes in DAR. Erste Asset Management GmbH bought a new stake in shares of Darling Ingredients during the third quarter worth $30,545,000. Algert Global LLC grew its holdings in Darling Ingredients by 266.6% during the 3rd quarter. Algert Global LLC now owns 103,871 shares of the company’s stock worth $3,860,000 after acquiring an additional 75,540 shares during the last quarter. Natixis Advisors LLC increased its position in Darling Ingredients by 23.2% in the 3rd quarter. Natixis Advisors LLC now owns 107,913 shares of the company’s stock valued at $4,010,000 after acquiring an additional 20,323 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Darling Ingredients by 4.1% in the third quarter. Jennison Associates LLC now owns 1,093,516 shares of the company’s stock worth $40,635,000 after acquiring an additional 42,921 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Darling Ingredients by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,366,263 shares of the company’s stock worth $50,210,000 after purchasing an additional 15,414 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Trading Up 0.4 %

NYSE:DAR opened at $33.46 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The company has a market capitalization of $5.32 billion, a P/E ratio of 20.65 and a beta of 1.19. The stock’s 50 day moving average price is $38.29 and its 200 day moving average price is $37.65. Darling Ingredients has a 52 week low of $32.55 and a 52 week high of $51.12.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.29). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The company’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. On average, research analysts forecast that Darling Ingredients will post 1.88 EPS for the current fiscal year.

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.