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

Key Points

• Darling Ingredients has a consensus analyst rating of “Moderate Buy”, with 10 buy ratings and 3 hold ratings from 13 covering firms. The average 12-month price target is about $67.82.
• Several brokerages recently raised their price targets, including JPMorgan, Scotiabank, and Robert W. Baird, signaling continued bullish sentiment despite mixed ratings from some firms like Barclays.
• The company’s latest quarterly results beat EPS expectations, reporting $0.83 per share versus the expected $0.56, while revenue rose 12.3% year over year to $1.55 billion.

Shares of Darling Ingredients Inc. (NYSE:DAR - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $67.8182.

Several brokerages have recently weighed in on DAR. Barclays upped their price objective on Darling Ingredients from $58.00 to $62.00 and gave the company an "equal weight" rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. boosted their price target on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 12th. Weiss Ratings raised shares of Darling Ingredients from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 15th. Scotiabank raised their price objective on shares of Darling Ingredients from $61.00 to $70.00 and gave the company a "sector outperform" rating in a research report on Wednesday, April 22nd. Finally, Robert W. Baird lifted their price objective on shares of Darling Ingredients from $64.00 to $75.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 7th.

Insiders Place Their Bets

In related news, CAO Joseph Manzi sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the sale, the chief accounting officer directly owned 19,969 shares in the company, valued at approximately $1,275,819.41. This trade represents a 13.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors and hedge funds have recently modified their holdings of the stock. AIA Group Ltd purchased a new stake in shares of Darling Ingredients during the first quarter valued at $4,453,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Darling Ingredients in the 4th quarter valued at $585,000. BNP Paribas Financial Markets increased its stake in Darling Ingredients by 26.8% in the 4th quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company's stock worth $47,179,000 after purchasing an additional 277,233 shares in the last quarter. Ninety One UK Ltd increased its stake in Darling Ingredients by 28.3% in the 4th quarter. Ninety One UK Ltd now owns 518,796 shares of the company's stock worth $18,677,000 after purchasing an additional 114,397 shares in the last quarter. Finally, Strs Ohio raised its holdings in Darling Ingredients by 7,554.6% during the 1st quarter. Strs Ohio now owns 286,740 shares of the company's stock worth $17,735,000 after buying an additional 282,994 shares during the period. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $62.42 on Friday. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 45.23 and a beta of 1.04. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.58 and a quick ratio of 1.03. Darling Ingredients has a 12 month low of $29.15 and a 12 month high of $66.02. The stock's 50 day moving average price is $58.47 and its 200 day moving average price is $55.23.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.27. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the company posted ($0.16) EPS. The firm's quarterly revenue was up 12.3% on a year-over-year basis. Equities research analysts anticipate that Darling Ingredients will post 5.04 earnings per share for the current fiscal year.

Darling Ingredients Company Profile

Darling Ingredients Inc NYSE: DAR is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company's core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.

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