Darling Ingredients Inc. (NYSE:DAR) Stock Has Consensus Target Price of $72.40

Key Points

• Analysts maintain a “Moderate Buy” consensus on Darling Ingredients, with eight buy ratings, one strong-buy rating, and three hold ratings. The average 12-month price target is $72.40, above the reported opening price of $60.12.
• Darling Ingredients exceeded quarterly expectations, reporting EPS of $2.41 versus the $1.40 consensus and revenue of $1.72 billion, up 16.4% year over year. Analysts expect full-year EPS of $7.28.
• Institutional investors own 94.44% of the company, while insiders sold 10,591 shares worth approximately $704,303 over the past 90 days. Recent analyst actions were mixed, with UBS and TD Cowen raising price targets while Zacks downgraded the stock to a hold.

Darling Ingredients Inc. (NYSE:DAR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twelve research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $72.40.

Several research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Darling Ingredients from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 15th. TD Cowen lifted their price target on Darling Ingredients from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Monday, July 27th. Weiss Ratings upgraded Darling Ingredients from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. UBS Group increased their price objective on Darling Ingredients from $78.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, September 22nd. Finally, Zacks Research cut Darling Ingredients from a "strong-buy" rating to a "hold" rating in a report on Friday, September 18th.

Darling Ingredients Trading Down 1.7%

Shares of Darling Ingredients stock opened at $60.12 on Thursday. Darling Ingredients has a 1 year low of $29.15 and a 1 year high of $69.98. The firm has a market cap of $9.49 billion, a PE ratio of 16.20 and a beta of 1.04. 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 company has a 50 day simple moving average of $63.64 and a two-hundred day simple moving average of $61.06.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $1.01. The business had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The business's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 EPS. Analysts expect that Darling Ingredients will post 7.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In other news, EVP Nicholas Kemphaus sold 1,591 shares of the company's 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 sale, the executive vice president owned 35,087 shares of the company's stock, valued at approximately $2,212,235.35. This represents a 4.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Patrick McNutt sold 8,000 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $67.09, for a total transaction of $536,720.00. Following the transaction, the executive vice president directly owned 35,777 shares in the company, valued at approximately $2,400,278.93. This represents a 18.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,591 shares of company stock valued at $704,303 over the last ninety days. Insiders own 1.90% of the company's stock.

Institutional Trading of Darling Ingredients

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Darling Ingredients during the second quarter valued at about $851,450,000. Dimensional Fund Advisors LP lifted its stake 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 acquiring an additional 47,565 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Darling Ingredients in the 2nd quarter valued at about $168,348,000. Bank of America Corp DE purchased a new stake in Darling Ingredients during the 2nd quarter valued at about $129,371,000. Finally, Assenagon Asset Management S.A. grew its position in Darling Ingredients by 5.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,212,634 shares of the company's stock worth $120,854,000 after acquiring an additional 120,674 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

About Darling Ingredients

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

Its products include rendered fats and proteins, specialty feed ingredients, fertilizer inputs, collagen and gelatin, and bioenergy feedstocks. Through its renewable diesel operations, including the Diamond Green Diesel joint venture, Darling also converts low-carbon waste fats and oils into renewable fuel.

Founded in 1882, Darling Ingredients has grown from a U.S.

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