Piper Sandler Issues Pessimistic Forecast for Darling Ingredients (NYSE:DAR) Stock Price

Key Points

• Piper Sandler has reduced its target price for Darling Ingredients from $50.00 to $49.00, indicating a potential upside of 42.75% from the stock's previous close, while maintaining an "overweight" rating.
• Recently, multiple analysts have downgraded Darling Ingredients, with Baird R W changing its rating from "strong-buy" to "hold" and Weiss Ratings assigning a "sell (d)" rating.
• Darling Ingredients' stock has seen a decline of 1.0%, trading at $34.33, while the company reported a quarterly EPS of $0.12, missing estimates of $0.13.

Darling Ingredients (NYSE:DAR - Get Free Report) had its target price reduced by research analysts at Piper Sandler from $50.00 to $49.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Piper Sandler's target price would indicate a potential upside of 42.75% from the stock's previous close.

A number of other research analysts also recently commented on DAR. Baird R W downgraded Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Weiss Ratings restated a "sell (d)" rating on shares of Darling Ingredients in a research note on Wednesday, October 8th. JPMorgan Chase & Co. assumed coverage on Darling Ingredients in a research report on Wednesday, August 20th. They set an "overweight" rating and a $43.00 price target for the company. Bank of America assumed coverage on Darling Ingredients in a research report on Wednesday, October 8th. They set a "buy" rating and a $45.00 price target for the company. Finally, Robert W. Baird reiterated a "neutral" rating and set a $36.00 price target (down previously from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $43.38.

Darling Ingredients Stock Down 1.0%

DAR stock traded down $0.35 during midday trading on Friday, hitting $34.33. 563,487 shares of the company's stock were exchanged, compared to its average volume of 2,401,261. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Darling Ingredients has a 12-month low of $26.00 and a 12-month high of $43.49. The firm has a 50 day moving average price of $32.00 and a 200-day moving average price of $33.03. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 52.01, a price-to-earnings-growth ratio of 1.79 and a beta of 1.22.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.01). Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm posted $0.11 earnings per share. Darling Ingredients's revenue was up 10.0% compared to the same quarter last year. On average, analysts anticipate that Darling Ingredients will post 2.81 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Randall C. Stuewe sold 35,000 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the completion of the sale, the chief executive officer owned 781,437 shares in the company, valued at $24,162,032.04. This represents a 4.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors have recently made changes to their positions in the stock. Clear Harbor Asset Management LLC acquired a new stake in shares of Darling Ingredients during the third quarter worth $648,000. Greenleaf Trust grew its stake in shares of Darling Ingredients by 16.1% during the third quarter. Greenleaf Trust now owns 7,172 shares of the company's stock worth $221,000 after purchasing an additional 997 shares during the period. Byrne Asset Management LLC bought a new position in Darling Ingredients during the third quarter worth about $65,000. Ninety One UK Ltd bought a new position in Darling Ingredients during the third quarter worth about $12,484,000. Finally, Trium Capital LLP bought a new stake in shares of Darling Ingredients in the third quarter valued at about $871,000. 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.

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