Darling Ingredients (NYSE:DAR - Get Free Report) had its price objective increased by analysts at Citigroup from $46.00 to $48.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's target price would suggest a potential upside of 10.91% from the stock's previous close.
Several other analysts also recently commented on DAR. BMO Capital Markets reduced their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an "outperform" rating for the company in a report on Thursday, February 29th. Stephens dropped their price objective on shares of Darling Ingredients from $55.00 to $50.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus reiterated a "buy" rating and issued a $95.00 price objective (down previously from $120.00) on shares of Darling Ingredients in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Darling Ingredients currently has a consensus rating of "Moderate Buy" and an average target price of $76.00.
Read Our Latest Report on Darling Ingredients
Darling Ingredients Stock Down 2.1 %
DAR traded down $0.95 during trading hours on Wednesday, hitting $43.28. 3,318,408 shares of the company's stock were exchanged, compared to its average volume of 1,996,645. Darling Ingredients has a 1-year low of $38.97 and a 1-year high of $71.60. The stock's 50-day moving average is $43.53 and its two-hundred day moving average is $45.42. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 10.87 and a beta of 1.29. The company has a quick ratio of 1.10, a current ratio of 1.86 and a debt-to-equity ratio of 0.93.
Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.74 by ($0.12). The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. Sell-side analysts predict that Darling Ingredients will post 3.63 earnings per share for the current fiscal year.
Insider Activity at Darling Ingredients
In related news, Director Kurt Stoffel acquired 8,000 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The stock was acquired at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the acquisition, the director now directly owns 10,571 shares of the company's stock, valued at approximately $439,965.02. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.26% of the stock is currently owned by company insiders.
Institutional Trading of Darling Ingredients
A number of large investors have recently bought and sold shares of DAR. EverSource Wealth Advisors LLC grew its holdings in Darling Ingredients by 1,412.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company's stock worth $25,000 after acquiring an additional 466 shares during the period. Indiana Trust & Investment Management CO acquired a new stake in Darling Ingredients during the 3rd quarter worth about $26,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Darling Ingredients during the 4th quarter worth about $29,000. Stone House Investment Management LLC grew its holdings in Darling Ingredients by 100.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company's stock worth $30,000 after acquiring an additional 300 shares during the period. Finally, Millburn Ridgefield Corp acquired a new stake in Darling Ingredients during the 3rd quarter worth about $31,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.
About Darling Ingredients
(
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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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