Darling Ingredients (NYSE:DAR) Earns Overweight Rating from Stephens

Darling Ingredients (NYSE:DAR)‘s stock had its “overweight” rating reaffirmed by research analysts at Stephens in a report released on Thursday,Benzinga reports. They currently have a $52.00 target price on the stock. Stephens’ target price points to a potential upside of 46.98% from the company’s previous close.

Several other research firms have also issued reports on DAR. Piper Sandler decreased their target price on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.67.

Darling Ingredients Stock Up 1.3 %

NYSE DAR traded up $0.44 during trading on Thursday, reaching $35.38. 331,699 shares of the company’s stock were exchanged, compared to its average volume of 1,843,016. The firm has a market capitalization of $5.63 billion, a PE ratio of 21.83 and a beta of 1.21. The company’s fifty day simple moving average is $36.62 and its 200-day simple moving average is $37.54. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients has a fifty-two week low of $32.55 and a fifty-two week high of $48.39.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a return on equity of 5.98% and a net margin of 4.42%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business earned $0.77 EPS. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. Sell-side analysts predict that Darling Ingredients will post 1.57 EPS for the current year.

Institutional Investors Weigh In On Darling Ingredients

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Darling Ingredients by 5.7% during the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company’s stock valued at $199,096,000 after buying an additional 289,407 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Darling Ingredients by 14.0% in the 2nd quarter. Earnest Partners LLC now owns 3,829,265 shares of the company’s stock worth $140,725,000 after buying an additional 470,170 shares during the last quarter. FMR LLC increased its position in Darling Ingredients by 17.3% during the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company’s stock valued at $123,528,000 after buying an additional 491,477 shares in the last quarter. Geode Capital Management LLC raised its stake in Darling Ingredients by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company’s stock valued at $101,830,000 after buying an additional 36,618 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Darling Ingredients by 203.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock worth $62,134,000 after acquiring an additional 1,235,985 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

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.