Darling Ingredients (NYSE:DAR) Price Target Cut to $43.00

Darling Ingredients (NYSE:DAR) had its price objective cut by equities researchers at TD Cowen from $45.00 to $43.00 in a note issued to investors on Friday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price target points to a potential upside of 22.12% from the company’s previous close.

DAR has been the topic of several other research reports. Jefferies Financial Group dropped their target price on Darling Ingredients from $53.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Stifel Nicolaus dropped their price objective on Darling Ingredients from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, May 20th. Citigroup raised Darling Ingredients from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a report on Wednesday, June 12th. Finally, Scotiabank lowered their price target on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $60.10.

Darling Ingredients Trading Up 2.9 %

Shares of DAR opened at $35.21 on Friday. Darling Ingredients has a fifty-two week low of $32.67 and a fifty-two week high of $60.05. The business has a 50-day moving average of $38.13 and a 200 day moving average of $40.56. The firm has a market cap of $5.60 billion, a P/E ratio of 10.54 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.57.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.10. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The company’s revenue was down 17.2% on a year-over-year basis. During the same quarter last year, the company earned $1.55 earnings per share. As a group, research analysts forecast that Darling Ingredients will post 2.47 EPS for the current year.

Insider Activity

In related news, EVP Robert W. Day bought 2,532 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was bought at an average cost of $39.37 per share, for a total transaction of $99,684.84. Following the completion of the transaction, the executive vice president now owns 12,607 shares of the company’s stock, valued at $496,337.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Darling Ingredients

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Caprock Group LLC lifted its position in Darling Ingredients by 4.3% in the 1st quarter. Caprock Group LLC now owns 6,691 shares of the company’s stock worth $311,000 after buying an additional 277 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Darling Ingredients by 1.5% during the fourth quarter. Fisher Asset Management LLC now owns 23,494 shares of the company’s stock worth $1,171,000 after acquiring an additional 341 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Darling Ingredients by 9.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 4,290 shares of the company’s stock worth $214,000 after acquiring an additional 371 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Darling Ingredients by 24.7% in the 4th quarter. Parallel Advisors LLC now owns 1,966 shares of the company’s stock valued at $98,000 after purchasing an additional 389 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Darling Ingredients by 1,412.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock valued at $25,000 after purchasing an additional 466 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

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.