Darling Ingredients Inc. (NYSE:DAR) Receives $69.00 Consensus PT from Analysts

Shares of Darling Ingredients Inc. (NYSE:DAR) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $69.00.

Several analysts have recently issued reports on DAR shares. TD Cowen increased their price target on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Barclays upped their target price on shares of Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Wall Street Zen upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Finally, Zacks Research raised shares of Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th.

Darling Ingredients Trading Up 2.5%

Shares of NYSE DAR opened at $66.53 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $10.50 billion, a PE ratio of 17.93 and a beta of 1.02. Darling Ingredients has a twelve month low of $29.15 and a twelve month high of $69.98. The stock has a fifty day simple moving average of $63.43 and a 200-day simple moving average of $60.16.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $1.01. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.Darling Ingredients’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. On average, equities analysts forecast that Darling Ingredients will post 6.98 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Patrick McNutt sold 8,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $67.09, for a total value of $536,720.00. Following the sale, the executive vice president directly owned 35,777 shares in the company, valued at approximately $2,400,278.93. This trade represents a 18.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Joseph Manzi sold 1,000 shares of Darling Ingredients stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total value of $67,270.00. Following the completion of the transaction, the chief accounting officer owned 18,969 shares of the company’s stock, valued at approximately $1,276,044.63. This trade represents a 5.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,591 shares of company stock valued at $704,303 in the last three months. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Darling Ingredients

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Darling Ingredients in the second quarter worth approximately $851,450,000. Dimensional Fund Advisors LP increased its position in shares of Darling Ingredients by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company’s stock valued at $498,927,000 after purchasing an additional 47,565 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Darling Ingredients in the 2nd quarter valued at $168,348,000. Geode Capital Management LLC raised its holdings in shares of Darling Ingredients by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 2,839,649 shares of the company’s stock valued at $102,249,000 after purchasing an additional 76,151 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Darling Ingredients during the 4th quarter worth $94,211,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Company Profile

Darling Ingredients Inc is a global developer and producer of sustainable ingredients derived from animal by-products, used cooking oil, food waste and other organic materials. The company collects and processes these materials into products used in animal feed, pet food, agriculture, food, fuel and industrial applications.

Its product portfolio includes protein meals, animal fats, feed-grade ingredients, fertilizer nutrients, gelatin and collagen products, and specialty ingredients. Darling also produces renewable diesel and other low-carbon fuels through its Diamond Green Diesel joint venture with Valero Energy, which converts waste fats, oils and greases into renewable fuels.

Founded in 1882, Darling Ingredients serves customers through operations spanning North America, South America, Europe, Asia and Australia.