Darling Ingredients’ (DAR) “Overweight” Rating Reiterated at Stephens

Stephens restated their overweight rating on shares of Darling Ingredients (NYSE:DAR) in a research report sent to investors on Thursday,Benzinga reports. They currently have a $52.00 price objective on the stock.

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

Darling Ingredients Stock Performance

NYSE:DAR opened at $36.13 on Thursday. The stock has a market cap of $5.75 billion, a P/E ratio of 22.30 and a beta of 1.21. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The business’s 50-day moving average price is $36.62 and its two-hundred day moving average price is $37.54. Darling Ingredients has a twelve month low of $32.55 and a twelve month high of $48.39.

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

Institutional Investors Weigh In On Darling Ingredients

Several institutional investors have recently bought and sold shares of DAR. American Century Companies Inc. boosted its stake in shares of Darling Ingredients by 6.8% during the second quarter. American Century Companies Inc. now owns 49,590 shares of the company’s stock valued at $1,822,000 after purchasing an additional 3,161 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Darling Ingredients by 5.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,666 shares of the company’s stock valued at $649,000 after buying an additional 971 shares during the last quarter. Sei Investments Co. boosted its position in Darling Ingredients by 4.1% during the 2nd quarter. Sei Investments Co. now owns 236,427 shares of the company’s stock valued at $8,689,000 after buying an additional 9,215 shares during the period. Ensign Peak Advisors Inc grew its holdings in Darling Ingredients by 34.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 199,695 shares of the company’s stock worth $7,339,000 after acquiring an additional 51,454 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Darling Ingredients by 268.6% in the second quarter. Marshall Wace LLP now owns 82,848 shares of the company’s stock valued at $3,045,000 after acquiring an additional 60,371 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

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.