Darling Ingredients Inc. (NYSE:DAR) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is moderately bullish: Ten of 13 analysts rate Darling Ingredients a buy, one rates it a strong buy, and two recommend holding. The average 12-month price target is $69.00.
• Darling Ingredients exceeded quarterly expectations, reporting $2.41 in EPS versus the $1.40 consensus estimate and $1.72 billion in revenue, up 16.4% year over year.
• Shares opened at $65.07, near the $69.98 one-year high, while institutional investors own 94.44% of the company. Insiders sold 10,591 shares worth approximately $704,303 during the latest quarter.

Shares of Darling Ingredients Inc. (NYSE:DAR - Get Free Report) have received an average rating of "Moderate Buy" from the thirteen research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $69.00.

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

Insiders Place Their Bets

In other Darling Ingredients news, EVP Nicholas Kemphaus sold 1,591 shares of Darling Ingredients stock in a transaction on Monday, August 10th. The stock was 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 in the company, valued at approximately $2,212,235.35. The trade was a 4.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Joseph Manzi sold 1,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total transaction of $67,270.00. Following the sale, the chief accounting officer directly owned 18,969 shares in the company, valued at approximately $1,276,044.63. This represents a 5.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 10,591 shares of company stock valued at $704,303. Company insiders own 1.90% of the company's stock.

Institutional Trading of Darling Ingredients

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its holdings in Darling Ingredients by 8.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,485 shares of the company's stock worth $463,000 after buying an additional 651 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Darling Ingredients by 253.5% in the 2nd quarter. Tidal Investments LLC now owns 50,560 shares of the company's stock valued at $2,762,000 after buying an additional 36,256 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Darling Ingredients in the 2nd quarter valued at $328,000. Integrated Wealth Concepts LLC raised its position in shares of Darling Ingredients by 9.8% during the second quarter. Integrated Wealth Concepts LLC now owns 13,149 shares of the company's stock worth $718,000 after acquiring an additional 1,177 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Darling Ingredients during the second quarter valued at $251,000. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Price Performance

Shares of DAR stock opened at $65.07 on Friday. The stock's fifty day simple moving average is $63.12 and its 200 day simple moving average is $59.92. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 17.54 and a beta of 1.02. Darling Ingredients has a one year low of $29.15 and a one year high of $69.98.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings data 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 during 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%.The business's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 earnings per share. On average, analysts expect that Darling Ingredients will post 6.98 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.