Darling Ingredients (NYSE:DAR) Given New $85.00 Price Target at Stifel Nicolaus

Darling Ingredients (NYSE:DAR - Free Report) had its price objective lowered by Stifel Nicolaus from $90.00 to $85.00 in a research report report published on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on DAR. Stephens lowered their price target on Darling Ingredients from $55.00 to $50.00 and set an equal weight rating for the company in a report on Wednesday, January 24th. JPMorgan Chase & Co. dropped their price target on shares of Darling Ingredients from $66.00 to $62.00 and set an overweight rating for the company in a research report on Wednesday, April 17th. Citigroup upped their price objective on shares of Darling Ingredients from $46.00 to $48.00 and gave the stock a neutral rating in a report on Wednesday, April 3rd. Scotiabank decreased their price target on Darling Ingredients from $73.00 to $57.00 and set a sector outperform rating on the stock in a research note on Thursday, April 11th. Finally, BMO Capital Markets dropped their price objective 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 analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $70.80.

Darling Ingredients Price Performance

Shares of NYSE DAR traded down $0.41 during mid-day trading on Monday, reaching $43.02. The company's stock had a trading volume of 2,028,275 shares, compared to its average volume of 2,096,927. The stock has a market capitalization of $6.87 billion, a P/E ratio of 12.88 and a beta of 1.31. Darling Ingredients has a 1-year low of $38.97 and a 1-year high of $71.60. The stock has a 50-day moving average of $44.41 and a two-hundred day moving average of $44.59. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.96 and a current ratio of 1.67.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.01). The business had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.48 billion. Darling Ingredients had a return on equity of 12.22% and a net margin of 8.46%. The company's revenue for the quarter was down 20.7% compared to the same quarter last year. During the same period last year, the business earned $1.16 earnings per share. On average, equities research analysts anticipate that Darling Ingredients will post 2.94 EPS for the current fiscal year.

Insider Activity

In other news, Director Kurt Stoffel bought 8,000 shares of Darling Ingredients stock in a transaction that occurred on Thursday, February 29th. The shares were purchased at an average price of $41.62 per share, with a total value of $332,960.00. Following the completion of the acquisition, the director now directly owns 10,571 shares in the company, valued at $439,965.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.26% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in Darling Ingredients in the fourth quarter valued at $94,650,000. Balyasny Asset Management L.P. purchased a new stake in shares of Darling Ingredients in the 4th quarter valued at about $92,661,000. Gates Capital Management Inc. acquired a new stake in shares of Darling Ingredients in the 4th quarter valued at about $88,885,000. Bank of New York Mellon Corp grew its stake in Darling Ingredients by 24.9% during the 1st quarter. Bank of New York Mellon Corp now owns 4,279,247 shares of the company's stock worth $199,028,000 after buying an additional 851,886 shares during the last quarter. Finally, Triodos Investment Management BV acquired a new position in Darling Ingredients during the third quarter worth approximately $34,698,000. 94.44% of the stock is owned by institutional investors and hedge funds.

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.