Darling Ingredients Inc. (NYSE:DAR) Receives Average Rating of “Moderate Buy” from Analysts

Darling Ingredients Inc. (NYSE:DAR) has been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $53.67.

Several brokerages have recently issued reports on DAR. Jefferies Financial Group lifted their price objective on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Piper Sandler reduced their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Finally, Stephens reiterated an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd.

Darling Ingredients Price Performance

Darling Ingredients stock opened at $35.68 on Tuesday. The company’s 50 day moving average is $36.24 and its two-hundred day moving average is $37.53. The firm has a market cap of $5.67 billion, a PE ratio of 22.02 and a beta of 1.21. 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 52-week low of $32.55 and a 52-week high of $48.39.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Heck Capital Advisors LLC purchased a new stake in shares of Darling Ingredients in the 4th quarter valued at about $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 buying an additional 527 shares during the period. Signaturefd LLC lifted its stake in Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after buying an additional 386 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after acquiring an additional 288 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Darling Ingredients during the third quarter worth approximately $58,000. 94.44% of the stock is 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.