Shares of Darling Ingredients Inc. (NYSE:DAR - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $55.70.
A number of analysts have recently issued reports on the stock. TD Cowen lowered their price objective on shares of Darling Ingredients from $45.00 to $43.00 and set a "hold" rating on the stock in a report on Friday, September 13th. Jefferies Financial Group cut their price target on shares of Darling Ingredients from $47.00 to $44.00 and set a "buy" rating on the stock in a research report on Monday, October 7th. Piper Sandler decreased 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. Finally, Scotiabank lowered their target price on Darling Ingredients from $57.00 to $45.00 and set a "sector outperform" rating on the stock in a research report on Friday, July 12th.
Check Out Our Latest Stock Report on Darling Ingredients
In other Darling Ingredients news, EVP Robert W. Day purchased 2,532 shares of the business's stock in a transaction on Wednesday, July 31st. The stock was acquired at an average price of $39.37 per share, with a total value of $99,684.84. Following the acquisition, the executive vice president now directly owns 12,607 shares of the company's stock, valued at $496,337.59. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.62% of the company's stock.
Several large investors have recently bought and sold shares of the stock. Rise Advisors LLC bought a new position in Darling Ingredients during the 1st quarter worth $25,000. GAMMA Investing LLC increased its position in Darling Ingredients by 173.9% during the third quarter. GAMMA Investing LLC now owns 830 shares of the company's stock worth $31,000 after acquiring an additional 527 shares during the period. Riverview Trust Co acquired a new stake in Darling Ingredients in the 1st quarter worth about $55,000. V Square Quantitative Management LLC boosted its holdings in Darling Ingredients by 56.9% in the 4th quarter. V Square Quantitative Management LLC now owns 1,997 shares of the company's stock valued at $100,000 after purchasing an additional 724 shares during the period. Finally, Quarry LP grew its position in shares of Darling Ingredients by 893.8% during the 2nd quarter. Quarry LP now owns 2,584 shares of the company's stock worth $95,000 after purchasing an additional 2,324 shares in the last quarter. 94.44% of the stock is owned by institutional investors.
DAR stock opened at $36.98 on Friday. The stock has a 50-day moving average price of $37.61 and a two-hundred day moving average price of $39.50. Darling Ingredients has a 1 year low of $32.67 and a 1 year high of $51.36. The stock has a market cap of $5.91 billion, a PE ratio of 11.07 and a beta of 1.24. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95.
Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.10. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. Darling Ingredients had a return on equity of 8.38% and a net margin of 6.04%. Darling Ingredients's quarterly revenue was down 17.2% on a year-over-year basis. During the same period last year, the company earned $1.55 earnings per share. Equities analysts forecast that Darling Ingredients will post 2.26 EPS for the current fiscal year.
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.
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