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

Shares of Darling Ingredients Inc. (NYSE:DAR - Get Free Report) have been assigned a consensus rating of "Buy" from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $46.14.

Several equities research analysts have recently weighed in on DAR shares. Wall Street Zen raised Darling Ingredients from a "sell" rating to a "hold" rating in a report on Friday, April 25th. Citigroup reduced their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Robert W. Baird lowered their price objective on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. TD Cowen reduced their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a report on Friday, April 25th. Finally, Jefferies Financial Group increased their target price on shares of Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Monday, July 7th.

Institutional Trading of Darling Ingredients

A number of institutional investors have recently modified their holdings of DAR. Vanguard Group Inc. lifted its position in shares of Darling Ingredients by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company's stock valued at $488,654,000 after acquiring an additional 73,925 shares during the period. Gates Capital Management Inc. raised its holdings in Darling Ingredients by 18.7% during the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company's stock worth $247,282,000 after purchasing an additional 1,247,117 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Darling Ingredients by 15.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company's stock worth $233,701,000 after purchasing an additional 1,026,958 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Darling Ingredients by 148.9% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company's stock worth $148,005,000 after purchasing an additional 2,627,785 shares in the last quarter. Finally, Earnest Partners LLC increased its position in shares of Darling Ingredients by 0.9% in the first quarter. Earnest Partners LLC now owns 4,082,416 shares of the company's stock valued at $127,535,000 after buying an additional 36,085 shares in the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Stock Performance

NYSE:DAR opened at $36.79 on Tuesday. Darling Ingredients has a 12 month low of $26.00 and a 12 month high of $43.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.40 and a quick ratio of 0.83. The firm has a market capitalization of $5.82 billion, a PE ratio of 34.38 and a beta of 1.23. The business's fifty day moving average price is $35.00 and its 200 day moving average price is $34.18.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.36). Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. The company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the prior year, the company earned $0.50 earnings per share. The business's revenue for the quarter was down 2.8% on a year-over-year basis. On average, sell-side analysts anticipate that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

About Darling Ingredients

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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