Darling Ingredients Inc. (NYSE:DAR) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Darling Ingredients Inc. has received a consensus rating of "Moderate Buy" from analysts, with a one-year price target averaging $43.25.
• The company's recent earnings report showed a miss in EPS estimates, reporting $0.09 compared to the expected $0.12, with revenue slightly up 1.8% year-over-year.
• CEO Randall C. Stuewe sold 35,000 shares of the company's stock for over $1 million, indicating a 4.29% decrease in his holdings.

Shares of Darling Ingredients Inc. (NYSE:DAR - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $43.25.

A number of analysts have weighed in on the stock. Jefferies Financial Group set a $42.00 target price on shares of Darling Ingredients in a report on Wednesday, October 8th. Piper Sandler cut their price objective on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, July 28th. Robert W. Baird reaffirmed a "neutral" rating and issued a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Baird R W lowered Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Finally, Bank of America began coverage on Darling Ingredients in a research note on Wednesday, October 8th. They set a "buy" rating and a $45.00 price target on the stock.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $31.13 on Thursday. Darling Ingredients has a 52 week low of $26.00 and a 52 week high of $43.49. The firm has a 50 day moving average of $31.92 and a two-hundred day moving average of $32.99. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $4.92 billion, a PE ratio of 47.17, a P/E/G ratio of 1.76 and a beta of 1.22.

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 1.85% and a return on equity of 2.35%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. The business's revenue was up 1.8% compared to the same quarter last year. On average, research analysts predict that Darling Ingredients will post 2.81 EPS for the current fiscal year.

Insiders Place Their Bets

In other Darling Ingredients news, CEO Randall C. Stuewe sold 35,000 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the completion of the sale, the chief executive officer directly owned 781,437 shares of the company's stock, valued at approximately $24,162,032.04. The trade was a 4.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Darling Ingredients by 101.3% in the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock worth $64,000 after purchasing an additional 1,038 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Darling Ingredients by 54.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,552 shares of the company's stock valued at $486,000 after buying an additional 5,451 shares during the period. State of Alaska Department of Revenue lifted its holdings in Darling Ingredients by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 18,610 shares of the company's stock valued at $581,000 after purchasing an additional 470 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Darling Ingredients by 14.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 154,315 shares of the company's stock worth $4,821,000 after purchasing an additional 19,113 shares during the period. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Darling Ingredients during the first quarter valued at about $424,000. Institutional investors own 94.44% of the company's stock.

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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