Darling Ingredients (NYSE:DAR) Trading 6% Higher on Analyst Upgrade

Darling Ingredients Inc. (NYSE:DAR)’s stock price was up 6% during trading on Friday after Jefferies Financial Group raised their price target on the stock from $44.00 to $46.00. Jefferies Financial Group currently has a buy rating on the stock. Darling Ingredients traded as high as $40.04 and last traded at $40.03. Approximately 195,781 shares were traded during trading, a decline of 91% from the average daily volume of 2,153,902 shares. The stock had previously closed at $37.76.

Other equities analysts also recently issued research reports about the company. Piper Sandler cut their price objective on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Scotiabank decreased their price objective on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th. Finally, TD Cowen dropped their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, September 13th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.90.

Insiders Place Their Bets

In other news, EVP Robert W. Day purchased 2,532 shares of the stock in a transaction dated Wednesday, July 31st. The shares were acquired at an average cost of $39.37 per share, for a total transaction of $99,684.84. Following the acquisition, the executive vice president now owns 12,607 shares of the company’s stock, valued at approximately $496,337.59. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.62% of the stock is currently owned by corporate insiders.

Institutional Trading of Darling Ingredients

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in Darling Ingredients by 173.9% during the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after buying an additional 527 shares in the last quarter. Signaturefd LLC grew its stake in shares of Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after acquiring an additional 386 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Darling Ingredients by 38.0% during the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after acquiring an additional 288 shares in the last quarter. Quarry LP boosted its stake in Darling Ingredients by 893.8% in the 2nd quarter. Quarry LP now owns 2,584 shares of the company’s stock worth $95,000 after purchasing an additional 2,324 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in Darling Ingredients during the 2nd quarter worth approximately $140,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

The stock’s 50 day simple moving average is $37.60 and its 200-day simple moving average is $38.94. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 11.71 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57.

Darling Ingredients (NYSE:DAR) last issued its earnings results 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). The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. The business’s revenue was down 12.5% on a year-over-year basis. During the same quarter last year, the business earned $0.77 EPS. Equities research analysts anticipate that Darling Ingredients Inc. will post 2.26 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.