Darling Ingredients Inc. (NYSE:DAR) Receives $64.56 Average Price Target from Brokerages

Shares of Darling Ingredients Inc. (NYSE:DAR) have been given a consensus rating of “Buy” by the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $64.5556.

Several equities research analysts have recently issued reports on DAR shares. BMO Capital Markets lifted their price target on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Darling Ingredients in a report on Friday, April 10th. Wall Street Zen upgraded Darling Ingredients from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group lifted their price target on Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Finally, Piper Sandler lifted their price target on Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, February 13th.

Insider Activity

In other news, CEO Randall C. Stuewe sold 20,000 shares of Darling Ingredients stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the sale, the chief executive officer directly owned 1,117,085 shares in the company, valued at $58,222,470.20. The trade was a 1.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Darling Ingredients

Several institutional investors have recently made changes to their positions in the company. Faithward Advisors LLC acquired a new stake in shares of Darling Ingredients during the 1st quarter valued at about $300,000. Krilogy Financial LLC acquired a new stake in Darling Ingredients in the 1st quarter worth approximately $435,000. SG Americas Securities LLC lifted its holdings in Darling Ingredients by 858.9% in the 1st quarter. SG Americas Securities LLC now owns 169,313 shares of the company’s stock worth $10,472,000 after purchasing an additional 151,656 shares during the last quarter. Evolve Private Wealth LLC acquired a new stake in Darling Ingredients in the 1st quarter worth approximately $294,000. Finally, Diversified Trust Co acquired a new stake in Darling Ingredients in the 1st quarter worth approximately $1,029,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Trading Down 4.1%

Shares of NYSE DAR opened at $57.91 on Thursday. Darling Ingredients has a one year low of $28.32 and a one year high of $64.90. The firm has a market capitalization of $9.19 billion, a PE ratio of 148.49, a PEG ratio of 0.44 and a beta of 1.08. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80. The business has a 50-day moving average price of $56.04 and a two-hundred day moving average price of $43.14.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.35 EPS for the quarter. Darling Ingredients had a return on equity of 2.36% and a net margin of 1.02%.The firm had revenue of $1.71 billion during the quarter. As a group, analysts predict that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Darling Ingredients Company Profile

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.