Brokerages Set Darling Ingredients Inc. (NYSE:DAR) PT at $52.75

Shares of Darling Ingredients Inc. (NYSE:DAR) have earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $52.75.

Several brokerages have commented on DAR. Stephens reiterated an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. StockNews.com upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Citigroup dropped their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th.

Hedge Funds Weigh In On Darling Ingredients

Several institutional investors and hedge funds have recently made changes to their positions in DAR. Heck Capital Advisors LLC acquired a new position in Darling Ingredients in the 4th quarter worth $25,000. Wilmington Savings Fund Society FSB boosted its stake in Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock worth $40,000 after purchasing an additional 721 shares during the period. Ashton Thomas Securities LLC acquired a new position in Darling Ingredients in the 3rd quarter worth $58,000. Farther Finance Advisors LLC boosted its stake in Darling Ingredients by 69.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock worth $69,000 after purchasing an additional 758 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in Darling Ingredients by 42.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock worth $86,000 after purchasing an additional 687 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Performance

DAR stock opened at $29.52 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The company has a 50 day moving average price of $35.93 and a 200 day moving average price of $36.86. Darling Ingredients has a fifty-two week low of $27.20 and a fifty-two week high of $48.39. The stock has a market capitalization of $4.69 billion, a PE ratio of 17.06 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. Analysts forecast that Darling Ingredients will post 2.81 EPS for the current year.

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.