Darling Ingredients (NYSE:DAR) Price Target Lowered to $41.00 at Robert W. Baird

Darling Ingredients (NYSE:DAR) had its target price reduced by Robert W. Baird from $51.00 to $41.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

DAR has been the topic of several other reports. Stephens reiterated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup reduced their target price on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. TD Cowen lowered their price target on Darling Ingredients from $43.00 to $37.00 and set a “hold” rating for the company in a report on Friday, April 4th. Finally, StockNews.com cut Darling Ingredients from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average target price of $50.78.

Darling Ingredients Stock Performance

DAR stock opened at $29.52 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients has a twelve month low of $26.00 and a twelve month high of $47.28. The business’s fifty day moving average is $33.30 and its 200-day moving average is $35.84. The company has a market cap of $4.67 billion, a P/E ratio of 17.07 and a beta of 1.19.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. Equities research analysts forecast that Darling Ingredients will post 2.81 EPS for the current year.

Institutional Investors Weigh In On Darling Ingredients

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new stake in shares of Darling Ingredients in the fourth quarter valued at about $25,000. Wilmington Savings Fund Society FSB grew its stake in Darling Ingredients by 157.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after purchasing an additional 721 shares in the last quarter. UMB Bank n.a. increased its position in shares of Darling Ingredients by 207.1% during the 1st quarter. UMB Bank n.a. now owns 2,036 shares of the company’s stock worth $64,000 after purchasing an additional 1,373 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Darling Ingredients by 101.3% during the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock worth $64,000 after purchasing an additional 1,038 shares in the last quarter. Finally, Palouse Capital Management Inc. acquired a new stake in shares of Darling Ingredients in the 4th quarter valued at approximately $86,000. 94.44% of the stock is owned by 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.