Darling Ingredients Inc. (NYSE:DAR) Given Consensus Rating of "Buy" by Brokerages

Key Points

• Darling Ingredients has a consensus analyst rating of Buy, with 10 buy ratings, 2 strong buys, and 1 sell among 13 research firms. The average 1-year price target is $68.00.
• Several firms recently raised their outlooks, including BMO Capital Markets, Jefferies, Scotiabank, and Stephens, while Zacks Research upgraded the stock to strong-buy.
• The company reported better-than-expected quarterly earnings of $0.83 per share, well above the $0.56 estimate, and revenue rose 12.3% year over year to $1.55 billion.

Shares of Darling Ingredients Inc. (NYSE:DAR - Get Free Report) have been given an average rating of "Buy" by the thirteen research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $68.00.

Several research firms recently issued reports on DAR. BMO Capital Markets increased their price target on shares of Darling Ingredients from $45.00 to $57.00 and gave the stock an "outperform" rating in a research report on Friday, February 13th. Jefferies Financial Group increased their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, May 4th. Zacks Research upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 14th. Scotiabank increased their price target on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, April 22nd. Finally, Stephens increased their price target on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 21st.

Insider Activity at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of the 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 sale, the chief accounting officer owned 19,969 shares in the company, valued at approximately $1,275,819.41. This trade represents a 13.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the transaction, the chief executive officer directly owned 1,117,085 shares of the company's stock, valued at approximately $58,222,470.20. The trade was a 1.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Darling Ingredients

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Danske Bank A S bought a new position in Darling Ingredients in the 3rd quarter valued at approximately $25,000. Allworth Financial LP lifted its holdings in Darling Ingredients by 227.2% in the fourth quarter. Allworth Financial LP now owns 733 shares of the company's stock valued at $26,000 after buying an additional 509 shares during the period. SJS Investment Consulting Inc. grew its holdings in Darling Ingredients by 69.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company's stock worth $26,000 after acquiring an additional 174 shares during the period. Litman Gregory Wealth Management LLC acquired a new stake in Darling Ingredients during the 4th quarter worth about $29,000. Finally, Leonteq Securities AG acquired a new stake in Darling Ingredients during the 4th quarter worth about $35,000. Institutional investors own 94.44% of the company's stock.

Darling Ingredients Stock Performance

Shares of NYSE:DAR opened at $63.14 on Monday. The company's 50 day moving average price is $58.65 and its two-hundred day moving average price is $45.80. Darling Ingredients has a 12-month low of $29.15 and a 12-month high of $66.02. The firm has a market cap of $10.02 billion, a PE ratio of 45.75 and a beta of 1.07. The company has a quick ratio of 0.99, a current ratio of 4.64 and a debt-to-equity ratio of 0.15.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.76%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the business posted ($0.16) EPS. The business's revenue was up 12.3% compared to the same quarter last year. Equities research analysts predict that Darling Ingredients will post 4.54 earnings per share for the current year.

About Darling Ingredients

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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