Darling Ingredients (NYSE:DAR) Given New $46.00 Price Target at Jefferies Financial Group

Darling Ingredients (NYSE:DAR - Free Report) had its target price lifted by Jefferies Financial Group from $45.00 to $46.00 in a research note published on Monday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other brokerages have also issued reports on DAR. Tudor Pickering upgraded Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 11th. Robert W. Baird decreased their price objective on Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Citigroup reduced their price target on Darling Ingredients from $45.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. TD Cowen reduced 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. Finally, Wall Street Zen raised Darling Ingredients from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

Darling Ingredients Trading Up 0.3%

Shares of Darling Ingredients stock traded up $0.12 during trading on Monday, hitting $37.97. 843,517 shares of the company were exchanged, compared to its average volume of 2,237,228. The firm has a market capitalization of $6.01 billion, a P/E ratio of 35.49 and a beta of 1.23. Darling Ingredients has a 1-year low of $26.00 and a 1-year high of $43.49. The firm's fifty day moving average price is $34.59 and its 200 day moving average price is $34.06. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.40 and a quick ratio of 0.83.

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

Hedge Funds Weigh In On Darling Ingredients

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