Darling Ingredients (NYSE:DAR) Price Target Raised to $46.00 at Jefferies Financial Group

Darling Ingredients (NYSE:DAR) had its price objective raised by Jefferies Financial Group from $44.00 to $46.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

DAR has been the subject of a number of other research reports. Scotiabank cut their price target 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. TD Cowen reduced their target price on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a research report on Friday, September 13th. Finally, Piper Sandler lowered their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.90.

Darling Ingredients Stock Performance

NYSE DAR opened at $39.11 on Friday. The stock’s fifty day moving average is $37.60 and its two-hundred day moving average is $38.87. The firm has a market capitalization of $6.25 billion, a P/E 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 has a fifty-two week low of $32.67 and a fifty-two week high of $51.36.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.29). Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the firm posted $0.77 EPS. The company’s revenue was down 12.5% compared to the same quarter last year. On average, research analysts anticipate that Darling Ingredients will post 2.26 earnings per share for the current year.

Insiders Place Their Bets

In other Darling Ingredients news, EVP Robert W. Day acquired 2,532 shares of the stock in a transaction dated Wednesday, July 31st. The stock was acquired at an average price of $39.37 per share, with a total value of $99,684.84. Following the completion of the purchase, the executive vice president now owns 12,607 shares in the company, valued at $496,337.59. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.62% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock valued at $31,000 after purchasing an additional 527 shares in the last quarter. Signaturefd LLC increased 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 buying an additional 386 shares during the period. Blue Trust Inc. raised its holdings in Darling Ingredients by 38.0% in 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 lifted its stake in Darling Ingredients by 893.8% in the second quarter. Quarry LP now owns 2,584 shares of the company’s stock worth $95,000 after acquiring an additional 2,324 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in Darling Ingredients during the 2nd quarter worth approximately $140,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

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.