Darling Ingredients (NYSE:DAR) Price Target Lowered to $40.00 at Robert W. Baird

Darling Ingredients (NYSE:DAR - Free Report) had its target price cut by Robert W. Baird from $41.00 to $40.00 in a report released on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts have also recently weighed in on DAR. Stephens reaffirmed an "overweight" rating and set a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. StockNews.com cut Darling Ingredients from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Citigroup decreased their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, TD Cowen lowered their price objective on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.33.

Darling Ingredients Stock Performance

Shares of DAR stock traded down $0.22 during trading hours on Friday, reaching $31.98. The stock had a trading volume of 712,348 shares, compared to its average volume of 2,242,469. Darling Ingredients has a twelve month low of $26.00 and a twelve month high of $47.28. The firm has a market capitalization of $5.06 billion, a PE ratio of 18.49 and a beta of 1.19. The firm has a 50-day simple moving average of $31.44 and a 200-day simple moving average of $35.44. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.36). Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business earned $0.50 EPS. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities analysts forecast that Darling Ingredients will post 2.81 earnings per share for the current year.

Institutional Trading of Darling Ingredients

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC raised its position in shares of Darling Ingredients by 32.8% in the third quarter. Barclays PLC now owns 1,332,869 shares of the company's stock worth $49,529,000 after acquiring an additional 328,893 shares during the period. Tidal Investments LLC grew its position in Darling Ingredients by 47.3% in the 3rd quarter. Tidal Investments LLC now owns 20,049 shares of the company's stock valued at $745,000 after acquiring an additional 6,442 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in Darling Ingredients by 10.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 10,724 shares of the company's stock worth $361,000 after purchasing an additional 1,040 shares in the last quarter. First Hawaiian Bank raised its holdings in shares of Darling Ingredients by 10.8% in the 4th quarter. First Hawaiian Bank now owns 16,521 shares of the company's stock valued at $557,000 after purchasing an additional 1,609 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Darling Ingredients by 18.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,035 shares of the company's stock valued at $299,000 after purchasing an additional 1,257 shares during the last quarter. Institutional investors 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.