Analysts Set Darling Ingredients Inc. (NYSE:DAR) Price Target at $53.22

Shares of Darling Ingredients Inc. (NYSE:DAR) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $53.22.

DAR has been the topic of a number of research reports. Stephens reissued an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Jefferies Financial Group increased their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Citigroup dropped their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th.

Darling Ingredients Trading Up 1.0 %

NYSE DAR opened at $40.90 on Friday. Darling Ingredients has a 12 month low of $32.55 and a 12 month high of $48.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 23.64 and a beta of 1.21. The company’s fifty day moving average price is $35.93 and its two-hundred day moving average price is $37.54.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. As a group, research analysts predict that Darling Ingredients will post 2.79 earnings per share for the current fiscal year.

Institutional Trading of Darling Ingredients

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Darling Ingredients by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company’s stock worth $524,486,000 after acquiring an additional 203,921 shares during the period. Gates Capital Management Inc. increased its stake in Darling Ingredients by 11.4% during the 4th quarter. Gates Capital Management Inc. now owns 6,668,443 shares of the company’s stock valued at $224,660,000 after buying an additional 682,529 shares during the period. Dimensional Fund Advisors LP increased its stake in Darling Ingredients by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,453,845 shares of the company’s stock valued at $217,425,000 after buying an additional 791,157 shares during the period. State Street Corp increased its stake in Darling Ingredients by 5.7% during the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company’s stock valued at $199,096,000 after buying an additional 289,407 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in Darling Ingredients by 148.9% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company’s stock valued at $148,005,000 after buying an additional 2,627,785 shares during the period. Institutional investors and hedge funds 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.