Darling Ingredients' (DAR) Neutral Rating Reaffirmed at Robert W. Baird

Key Points

• Darling Ingredients has had its "neutral" rating reaffirmed by Robert W. Baird, with a lowered price target of $36.00, down from $40.00, suggesting a potential upside of 2.23% from its previous close.
• The company's latest earnings report showed an EPS of $0.09, missing analysts' estimates of $0.12, with revenue of $1.48 billion compared to expectations of $1.49 billion.
• Institutional investors control 94.44% of Darling Ingredients' stock, with notable increases in positions by firms such as American Century Companies Inc. and Vanguard Group Inc.

Darling Ingredients (NYSE:DAR - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities researchers at Robert W. Baird in a research note issued to investors on Friday,Benzinga reports. They currently have a $36.00 price target on the stock, down from their previous price target of $40.00. Robert W. Baird's target price suggests a potential upside of 2.23% from the stock's previous close.

A number of other equities analysts have also recently commented on DAR. TD Cowen lowered their target price on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a report on Friday, April 25th. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Citigroup decreased their price objective on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen upgraded Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Finally, Jefferies Financial Group lifted their price objective on Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Darling Ingredients currently has a consensus rating of "Moderate Buy" and an average price target of $45.57.

Darling Ingredients Stock Down 4.5%

Shares of NYSE:DAR opened at $35.21 on Friday. The business has a 50-day moving average price of $35.27 and a 200 day moving average price of $34.30. The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 32.91 and a beta of 1.23. Darling Ingredients has a 12-month low of $26.00 and a 12-month high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. The firm had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter last year, the business earned $0.49 earnings per share. The business's revenue was up 1.8% compared to the same quarter last year. Sell-side analysts expect that Darling Ingredients will post 2.81 EPS for the current year.

Institutional Investors Weigh In On Darling Ingredients

Several hedge funds and other institutional investors have recently made changes to their positions in DAR. American Century Companies Inc. increased its position in Darling Ingredients by 1,003.0% during the fourth quarter. American Century Companies Inc. now owns 578,908 shares of the company's stock worth $19,503,000 after buying an additional 526,425 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Darling Ingredients during the fourth quarter worth approximately $1,088,000. LPL Financial LLC increased its position in Darling Ingredients by 13.6% during the fourth quarter. LPL Financial LLC now owns 33,100 shares of the company's stock worth $1,115,000 after buying an additional 3,954 shares during the period. Vanguard Group Inc. increased its position in Darling Ingredients by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 15,567,996 shares of the company's stock worth $524,486,000 after buying an additional 203,921 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in Darling Ingredients during the fourth quarter worth approximately $884,000. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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