Darling Ingredients Inc. (NYSE: DAR) Medium “Moderate Buy” recommendations from analysts

Shares of Darling Ingredients Inc. were awarded. (NYSE: DAR – Get Rating) has an average “Moderate Buy” rating from thirteen analysts currently covering the company, MarketBeat Ratings reports. One equity research analyst rated the stock with a sell recommendation, one assigned a hold, eight assigned a buy and one issued a strong buy for the company. The average 1-year price target among analysts who updated their coverage of the stock in the past year is $91.58.

Several research companies have recently released reports about DAR. JPMorgan Chase & Co lowered its price target on Darling Ingredients from $84.00 to $82.00 and assigned an “overweight” rating to the stock in a report on Tuesday, April 11th. StockNews.com downgraded Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Thursday, April 13th. Stifel Nicolaus boosted price target on Darling Ingredients from $115.00 to $120.00 in a research report on Monday, April 24th. Stevens restated an “equal weight” rating and set a price target of $75.00 on shares of Darling Ingredients in a research report on Tuesday, February 28th. Finally, BMO Capital Markets assumed coverage of Darling Ingredients in a research report on Thursday, April 13th. They assign a “Superior” rating and a price target of $80.00 to the company.

Insider transactions at Darling Ingredients

In related news, EVP Patrick Mcnutt purchased 900 shares of the company’s stock in a transaction dated Wednesday, March 15th. The stock was purchased at an average price of $54.07 per share, for a total value of $48,663.00. After the transaction closes, the EVP now directly owns 12,287 shares of the company’s stock, valued at $664,358.09. The acquisition was disclosed in a legal filing with the Securities and Exchange Commission, which is available through the SEC’s website. In other Darling Ingredients news, EVP Patrick Mcnutt purchased 900 shares of the company’s stock in a transaction that took place on Wednesday, March 15th. The shares were acquired at an average price of $54.07 per share, for a transaction total of $48,663.00. After completing the purchase, the EVP now owns 12,287 shares in the company, valued at approximately $664,358.09. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website. Also, Director Charles L. Adair purchased 500 shares of the company’s stock in a transaction that took place on Thursday, March 16th. The stock was acquired at an average price of $54.15 per share, for a total transaction of $27,075.00. After the purchase, the manager now owns 36,551 shares of the company’s stock, valued at approximately $1,979,236.65. Disclosure of this purchase can be found here. Company insiders own 2.62% of the company’s shares.

Institutional inflows and outflows

Several institutional investors have recently modified their holdings of the business. BlackRock increased its stake in Darling Ingredients shares by 2.1% in the third quarter. BlackRock now owns 17,798,386 shares of the company’s stock valued at $1,177,364,000 after acquiring an additional 369,517 shares last quarter. Moneta Group Investment Advisors LLC increased its stake in Darling Ingredients by 107,533.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,663,509 shares of the company’s stock valued at $479,659,000 after purchasing an additional 7,656,389 shares last quarter. State Street Corp. increased its stake in Darling Ingredients 1.4% during the second quarter. State Street Corp. now owns 4,617,316 shares of the company’s stock worth $276,115,000 after purchasing an additional 61,858 shares last quarter. Deutsche Bank increased its stake in Darling Ingredients by 9.2% during the fourth quarter. Deutsche Bank now owns 3,803,913 shares of the company’s stock worth $238,087,000 after buying an additional 321,124 shares last quarter. Finally, Impax Asset Management Group plc increased its stake in Darling Ingredients by 0.7% during the fourth quarter. Impax Asset Management Group plc now owns 3,677,811 shares of the company’s stock valued at $229,327,000 after purchasing an additional 24,116 shares last quarter. Institutional investors and hedge funds own 90.90% of the company’s shares.

Components price performance

DAR stock opened at $57.69 on Friday. Darling Ingredients posted a 52-week low of $51.77 and a 52-week high of $87.59. The stock’s 50-day simple moving average is $58.35, and its 200-day simple moving average is $64.58. The company has a quick ratio of 0.90, a trading ratio of 1.53 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 12.82 and a beta of 1.23.

Darling Ingredients (NYSE: DAR – Get Rating) last published its quarterly earnings data on Monday, February 27th. The company reported earnings of $1.08 per share (EPS) for the quarter, beating the consensus estimate of $1.28 ($0.20). Darling Ingredients had a return on equity of 20.89% and a net margin of 11.29%. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.80 billion. Equities research analysts expect Darling Ingredients to report 5.52 earnings per share for the current year.

Darling Ingredients Company Profile

(Get Rating)

Darling Ingredients, Inc. is engaged in the development and production of natural ingredients from edible and non-edible Vital Nutrients. It operates through the following divisions: Feed Ingredients, Food Ingredients and Fuel Ingredients. The Feed Ingredients segment includes the business of ingredients such as fats and proteins used in cooking oil, trap grease, leftover collection, rotisserie ingredients, and specialty ingredients and products.

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