Scotiabank Lowers Darling Ingredients (NYSE:DAR) Price Target to $57.00

Darling Ingredients (NYSE:DAR - Free Report) had its price target decreased by Scotiabank from $73.00 to $57.00 in a research report released on Thursday morning, Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

Several other research firms have also recently weighed in on DAR. Citigroup lifted their price target on Darling Ingredients from $46.00 to $48.00 and gave the stock a neutral rating in a report on Wednesday, April 3rd. Stifel Nicolaus lowered their price objective on Darling Ingredients from $95.00 to $90.00 and set a buy rating on the stock in a research note on Monday. BMO Capital Markets lowered their price objective on Darling Ingredients from $60.00 to $57.00 and set an outperform rating on the stock in a research note on Thursday, February 29th. Finally, Stephens lowered their price objective on Darling Ingredients from $55.00 to $50.00 and set an equal weight rating on the stock in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Darling Ingredients has an average rating of Moderate Buy and an average price target of $73.82.

Darling Ingredients Stock Performance

Shares of DAR traded down $2.16 during mid-day trading on Thursday, reaching $45.43. The company's stock had a trading volume of 2,089,098 shares, compared to its average volume of 2,068,110. Darling Ingredients has a 1-year low of $38.97 and a 1-year high of $71.60. The stock has a market cap of $7.26 billion, a P/E ratio of 11.41 and a beta of 1.29. The business has a 50-day simple moving average of $43.78 and a two-hundred day simple moving average of $45.10. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly 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 for the quarter, compared to analyst estimates of $1.65 billion. Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. As a group, equities research analysts anticipate that Darling Ingredients will post 3.61 earnings per share for the current fiscal year.

Insider Activity at Darling Ingredients

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted 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 buying an additional 466 shares during the period. Rise Advisors LLC acquired a new position in shares of Darling Ingredients in the 1st quarter valued at about $25,000. Indiana Trust & Investment Management CO acquired a new position in shares of Darling Ingredients in the 3rd quarter valued at about $26,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Darling Ingredients in the 4th quarter valued at about $29,000. Finally, Stone House Investment Management LLC lifted its stake in shares of Darling Ingredients by 100.0% in the 4th 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. 94.44% of the stock is owned by institutional investors and hedge funds.

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.