Darling Ingredients Downgraded to 'Sell' Rating

Analysts at StockNews.com have recently downgraded shares of Darling Ingredients (NYSE:DAR) from a "hold" rating to a "sell" rating in a report issued to investors on Monday.

Various other market analysts have also recently shared their perspectives on Darling Ingredients. For instance, Citigroup reduced its price target for the company from $46.00 to $44.00 while maintaining a "buy" rating on the stock in a report dated January 29th. Similarly, on January 23rd, Stephens reiterated an "overweight" rating for the stock, setting a price target of $52.00.

Overall, one investment analyst has rated Darling Ingredients with a sell rating, one has issued a hold rating, and seven analysts have given the company a buy rating. According to MarketBeat data, the stock has an average rating of "Moderate Buy" along with an average price target of $52.75.

Latest Price Performance of Darling Ingredients

During midday trading on Monday, Darling Ingredients shares increased by $0.08, reaching $29.90. A total of 2,581,462 shares were traded, surpassing the company's average trading volume of 2,117,460 shares. The company exhibits a debt-to-equity ratio of 0.89, a quick ratio of 0.83, and a current ratio of 1.41. The stock has experienced a one-year low of $27.20 and a one-year high of $48.39. Its market capitalization stands at $4.75 billion, with a price-to-earnings ratio of 17.28 and a beta level of 1.25. The fifty-day moving average price is $35.53, while the 200-day moving average price is $36.58.

Darling Ingredients last reported its quarterly earnings on February 6th, where it exceeded analysts' expectations by posting earnings per share (EPS) of $0.63, compared to the consensus estimate of $0.48. The company noted a net margin of 4.88% and a return on equity of 6.04%. Current analyst projections suggest that Darling Ingredients will achieve an average EPS of 2.81 for the ongoing fiscal year.

Institutional Investment in Darling Ingredients

Institutional investors have made notable changes to their stakes in Darling Ingredients recently. Algert Global LLC significantly increased its stake, by 266.6%, in the company during the third quarter and now holds 103,871 shares valued at approximately $3.86 million. Furthermore, Erste Asset Management GmbH acquired a new position worth about $30.5 million during the same quarter. Sycomore Asset Management boosted its position by 101.2% in the fourth quarter and currently owns 130,096 shares valued at around $4.74 million. KBC Group NV also raised its holdings in Darling Ingredients by 180.1% in the fourth quarter and now has ownership of 104,143 shares worth approximately $3.51 million. Additionally, Assenagon Asset Management S.A. expanded its position by 203.2% in the fourth quarter, accumulating 1,844,297 shares valued at around $62.13 million. Institutional investors collectively own 94.44% of the company’s stock.

About Darling Ingredients

Darling Ingredients Inc is involved in the development, production, and sale of natural ingredients derived from edible and inedible bio-nutrients across multiple regions, including North America, Europe, China, South America, and others. The company operates through three main segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. Its offerings cater to various sectors, including pharmaceuticals, food, pet food, animal feed, industrial applications, fuel, bioenergy, and fertilizers.

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