Darling Ingredients Inc. (DAR) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts maintain a Moderate Buy consensus on Darling Ingredients, with nine buy ratings, one strong buy and two holds. The average 12-month price target is $73.80, implying upside from the reported $55.69 share price.
• Recent analyst actions were mixed but generally positive: Jefferies upgraded the stock to strong buy, while TD Cowen and JPMorgan raised their price targets; Zacks downgraded it to hold and Barclays maintained an equal-weight rating.
• Darling reported quarterly revenue of $1.79 billion, in line with expectations, but EPS of $1.67 slightly missed the $1.70 consensus. Institutional investors own 94.44% of the stock, while insiders sold 10,591 shares worth approximately $704,000 over the prior 90 days.

Shares of Darling Ingredients Inc. (NYSE:DAR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twelve research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $73.80.

DAR has been the subject of a number of analyst reports. Zacks Research lowered Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, September 18th. Jefferies Financial Group upgraded Darling Ingredients to a "strong-buy" rating in a research report on Tuesday, September 29th. Barclays raised their target price on Darling Ingredients from $62.00 to $65.00 and gave the company an "equal weight" rating in a report on Monday, August 3rd. TD Cowen increased their price objective on Darling Ingredients from $70.00 to $80.00 and gave the company a "buy" rating in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Darling Ingredients from $82.00 to $83.00 and gave the company an "overweight" rating in a research note on Monday, October 12th.

Insider Buying and Selling at Darling Ingredients

In other Darling Ingredients news, EVP Nicholas Kemphaus sold 1,591 shares of Darling Ingredients stock in a transaction on Monday, August 10th. The shares were sold at an average price of $63.05, for a total value of $100,312.55. Following the completion of the transaction, the executive vice president owned 35,087 shares of the company's stock, valued at $2,212,235.35. The trade was a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Joseph Manzi sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total transaction of $67,270.00. Following the transaction, the chief accounting officer owned 18,969 shares in the company, valued at $1,276,044.63. This represents a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,591 shares of company stock valued at $704,303 in the last ninety days. Insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Darling Ingredients

Large investors have recently made changes to their positions in the stock. Kestra Private Wealth Services LLC bought a new position in Darling Ingredients during the 3rd quarter worth $718,000. Chicago Partners Investment Group LLC lifted its holdings in Darling Ingredients by 131.4% during the third quarter. Chicago Partners Investment Group LLC now owns 20,198 shares of the company's stock worth $1,136,000 after acquiring an additional 11,469 shares during the period. AIA Group Ltd purchased a new position in Darling Ingredients in the 3rd quarter valued at approximately $456,000. One Way Holdings LLC purchased a new position in shares of Darling Ingredients during the third quarter worth approximately $10,895,000. Finally, Greenleaf Trust increased its stake in shares of Darling Ingredients by 5.9% during the third quarter. Greenleaf Trust now owns 7,074 shares of the company's stock valued at $429,000 after buying an additional 392 shares during the period. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $55.69 on Monday. The stock has a market cap of $8.79 billion, a PE ratio of 10.59 and a beta of 1.04. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73. Darling Ingredients has a 12 month low of $31.48 and a 12 month high of $69.98. The company's fifty day moving average price is $62.11 and its 200-day moving average price is $58.20.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.03). Darling Ingredients had a net margin of 12.48% and a return on equity of 17.76%. The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter in the prior year, the business posted $0.12 earnings per share. On average, equities analysts expect that Darling Ingredients will post 6.88 EPS for the current fiscal year.

Darling Ingredients Company Profile

Darling Ingredients Inc NYSE: DAR is a global developer and producer of sustainable ingredients and renewable energy solutions. The company collects and transforms animal by-products, used cooking oil, food waste and other organic materials into value-added products, helping divert waste from landfills and recover materials for reuse.

Its products include fats, proteins, meals, collagen, gelatin and specialty ingredients used in animal feed, pet food, food, pharmaceuticals and industrial applications.

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