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

Darling Ingredients Inc. (NYSE:DAR - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $50.33.

A number of equities research analysts have issued reports on DAR shares. TD Cowen lowered their price target on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research report on Friday, April 25th. Robert W. Baird cut their price target on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. StockNews.com upgraded shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Citigroup cut their target price on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, Stephens reiterated an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd.

Darling Ingredients Trading Down 0.5 %

Shares of NYSE DAR traded down $0.18 during midday trading on Thursday, reaching $32.55. 2,007,920 shares of the stock were exchanged, compared to its average volume of 2,250,917. The stock has a 50 day moving average price of $31.05 and a 200-day moving average price of $35.37. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $5.15 billion, a P/E ratio of 18.82 and a beta of 1.24. Darling Ingredients has a 52-week low of $26.00 and a 52-week high of $47.28.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.36). Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm posted $0.50 earnings per share. The company's revenue was down 2.8% on a year-over-year basis. Equities research analysts expect that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Institutional Trading of Darling Ingredients

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC raised its position in shares of Darling Ingredients by 32.8% in the 3rd quarter. Barclays PLC now owns 1,332,869 shares of the company's stock valued at $49,529,000 after purchasing an additional 328,893 shares in the last quarter. Tidal Investments LLC increased its position in shares of Darling Ingredients by 47.3% in the 3rd quarter. Tidal Investments LLC now owns 20,049 shares of the company's stock worth $745,000 after purchasing an additional 6,442 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in shares of Darling Ingredients by 10.7% in the 4th quarter. Central Pacific Bank Trust Division now owns 10,724 shares of the company's stock valued at $361,000 after purchasing an additional 1,040 shares in the last quarter. First Hawaiian Bank lifted its position in shares of Darling Ingredients by 10.8% during the fourth quarter. First Hawaiian Bank now owns 16,521 shares of the company's stock worth $557,000 after purchasing an additional 1,609 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Darling Ingredients by 18.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,035 shares of the company's stock worth $299,000 after purchasing an additional 1,257 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

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.