Brokerages Set Darling Ingredients Inc. (NYSE:DAR) Target Price at $94.78

Darling Ingredients Inc. (NYSE:DARGet Rating) has been given a consensus rating of “Moderate Buy” by the twelve analysts that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $94.78.

A number of research analysts recently issued reports on the company. Stephens lifted their price target on Darling Ingredients from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, April 20th. Cowen assumed coverage on Darling Ingredients in a report on Monday, April 25th. They issued a “market perform” rating and a $80.00 price target for the company. Credit Suisse Group lifted their price target on Darling Ingredients from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, March 14th. Cowen assumed coverage on Darling Ingredients in a report on Monday, April 25th. They issued a “market perform” rating and a $80.00 price target for the company. Finally, Raymond James lifted their price target on Darling Ingredients from $100.00 to $105.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 2nd.

In other news, CFO Brad Phillips sold 25,000 shares of the business’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $79.00, for a total transaction of $1,975,000.00. Following the completion of the transaction, the chief financial officer now directly owns 100,920 shares in the company, valued at approximately $7,972,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charles L. Adair bought 500 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The shares were bought at an average price of $73.95 per share, with a total value of $36,975.00. Following the completion of the transaction, the director now directly owns 36,051 shares in the company, valued at approximately $2,665,971.45. The disclosure for this purchase can be found here. Insiders have sold a total of 67,333 shares of company stock valued at $5,347,539 over the last three months. Company insiders own 2.62% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Handelsbanken Fonder AB grew its position in shares of Darling Ingredients by 4.6% during the 4th quarter. Handelsbanken Fonder AB now owns 5,188,906 shares of the company’s stock worth $359,539,000 after buying an additional 227,466 shares during the period. State Street Corp grew its position in shares of Darling Ingredients by 4.8% in the 1st quarter. State Street Corp now owns 4,555,458 shares of the company’s stock valued at $366,168,000 after purchasing an additional 208,659 shares during the period. Marshall Wace LLP grew its position in shares of Darling Ingredients by 1,257.1% in the 4th quarter. Marshall Wace LLP now owns 4,126,968 shares of the company’s stock valued at $285,958,000 after purchasing an additional 3,822,875 shares during the period. Impax Asset Management Group plc grew its position in shares of Darling Ingredients by 38.3% in the 4th quarter. Impax Asset Management Group plc now owns 4,044,181 shares of the company’s stock valued at $279,274,000 after purchasing an additional 1,120,368 shares during the period. Finally, Artemis Investment Management LLP grew its position in shares of Darling Ingredients by 25.8% in the 1st quarter. Artemis Investment Management LLP now owns 2,496,559 shares of the company’s stock valued at $200,392,000 after purchasing an additional 511,366 shares during the period. Institutional investors own 92.17% of the company’s stock.

Shares of NYSE:DAR opened at $65.29 on Thursday. Darling Ingredients has a 52 week low of $58.70 and a 52 week high of $87.59. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 1.55. The company’s fifty day moving average is $77.36 and its 200-day moving average is $72.16. The company has a market capitalization of $10.54 billion, a PE ratio of 15.81 and a beta of 1.11.

Darling Ingredients (NYSE:DARGet Rating) last issued its earnings results on Tuesday, May 10th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.14 by $0.02. Darling Ingredients had a net margin of 13.58% and a return on equity of 20.76%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company earned $0.90 EPS. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. On average, analysts forecast that Darling Ingredients will post 5.42 EPS for the current year.

Darling Ingredients Company Profile (Get Rating)

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. 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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Analyst Recommendations for Darling Ingredients (NYSE:DAR)

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