Stifel Nicolaus Trims Darling Ingredients (NYSE:DAR) Target Price to $90.00

Darling Ingredients (NYSE:DAR - Get Free Report) had its price target dropped by Stifel Nicolaus from $95.00 to $90.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target would indicate a potential upside of 94.55% from the company's previous close.

Other analysts have also issued reports about the company. Stephens dropped their target price on Darling Ingredients from $55.00 to $50.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 24th. Citigroup lifted their price objective on Darling Ingredients from $46.00 to $48.00 and gave the stock a "neutral" rating in a report on Wednesday, April 3rd. Finally, BMO Capital Markets reduced their target price on Darling Ingredients from $60.00 to $57.00 and set an "outperform" rating for the company in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Darling Ingredients presently has an average rating of "Moderate Buy" and an average price target of $75.50.

Darling Ingredients Stock Up 3.6 %

Darling Ingredients stock traded up $1.62 during midday trading on Monday, hitting $46.26. 2,531,239 shares of the company were exchanged, compared to its average volume of 2,017,955. The company has a market cap of $7.39 billion, a PE ratio of 11.62 and a beta of 1.29. Darling Ingredients has a fifty-two week low of $38.97 and a fifty-two week high of $71.60. The company's fifty day moving average price is $43.59 and its 200-day moving average price is $45.12. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.10.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.12). The firm had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. On average, research analysts predict that Darling Ingredients will post 3.61 EPS for the current fiscal year.

Insiders Place Their Bets

In other Darling Ingredients news, Director Kurt Stoffel acquired 8,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was acquired at an average price of $41.62 per share, with a total value of $332,960.00. Following the transaction, the director now directly owns 10,571 shares in the company, valued at $439,965.02. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 2.26% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Darling Ingredients by 1,412.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company's stock valued at $25,000 after acquiring an additional 466 shares during the period. Indiana Trust & Investment Management CO acquired a new position in Darling Ingredients during the 3rd quarter valued at about $26,000. Turtle Creek Wealth Advisors LLC bought a new position in Darling Ingredients in the 4th quarter worth about $29,000. Stone House Investment Management LLC increased its stake in shares of Darling Ingredients by 100.0% in the fourth quarter. Stone House Investment Management LLC now owns 600 shares of the company's stock valued at $30,000 after purchasing an additional 300 shares during the period. Finally, Millburn Ridgefield Corp bought a new stake in shares of Darling Ingredients during the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Company Profile

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.