Robert W. Baird Lowers Darling Ingredients (NYSE:DAR) Price Target to $41.00

Darling Ingredients (NYSE:DAR) had its price objective reduced by Robert W. Baird from $51.00 to $41.00 in a report issued on Tuesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other research analysts have also commented on the stock. Stephens reiterated an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. TD Cowen decreased their target price on Darling Ingredients from $43.00 to $37.00 and set a “hold” rating on the stock in a research report on Friday, April 4th. Citigroup dropped their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Finally, StockNews.com lowered Darling Ingredients from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and an average target price of $50.78.

Darling Ingredients Stock Performance

DAR opened at $29.52 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients has a 12-month low of $26.00 and a 12-month high of $47.28. The business has a 50 day moving average of $33.30 and a 200-day moving average of $35.84. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 17.07 and a beta of 1.19.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. On average, equities research analysts expect that Darling Ingredients will post 2.81 earnings per share for the current year.

Institutional Trading of Darling Ingredients

Large investors have recently modified their holdings of the stock. Fifth Third Bancorp lifted its position in Darling Ingredients by 51.0% during the first quarter. Fifth Third Bancorp now owns 15,122 shares of the company’s stock worth $472,000 after purchasing an additional 5,106 shares during the period. SG Americas Securities LLC acquired a new position in shares of Darling Ingredients in the 1st quarter valued at approximately $568,000. Avanza Fonder AB lifted its holdings in shares of Darling Ingredients by 50.0% during the 1st quarter. Avanza Fonder AB now owns 6,465 shares of the company’s stock worth $214,000 after acquiring an additional 2,154 shares during the period. GAMMA Investing LLC boosted its position in shares of Darling Ingredients by 101.3% during the 1st quarter. GAMMA Investing LLC now owns 2,063 shares of the company’s stock worth $64,000 after acquiring an additional 1,038 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in Darling Ingredients by 207.1% in the first quarter. UMB Bank n.a. now owns 2,036 shares of the company’s stock valued at $64,000 after acquiring an additional 1,373 shares during the last quarter. 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.