Darling Ingredients (NYSE:DAR) Reaches New 12-Month High on Analyst Upgrade

Darling Ingredients Inc. (NYSE:DAR)’s share price reached a new 52-week high during mid-day trading on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $44.00 to $46.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Darling Ingredients traded as high as $42.87 and last traded at $41.8050, with a volume of 883 shares traded. The stock had previously closed at $41.62.

A number of other equities analysts have also recently weighed in on DAR. UBS Group set a $50.00 price objective on shares of Darling Ingredients in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a research note on Wednesday, October 8th. TD Cowen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a report on Tuesday, December 2nd. Jefferies Financial Group increased their price objective on Darling Ingredients from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Finally, Piper Sandler lowered their target price on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. increased its holdings in Darling Ingredients by 609.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock valued at $25,000 after acquiring an additional 561 shares in the last quarter. Danske Bank A S acquired a new position in shares of Darling Ingredients during the 3rd quarter worth approximately $25,000. Sound Income Strategies LLC acquired a new stake in Darling Ingredients during the 3rd quarter valued at $29,000. Abich Financial Wealth Management LLC purchased a new position in Darling Ingredients during the third quarter worth $37,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Darling Ingredients by 681.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after acquiring an additional 886 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Price Performance

The firm has a market capitalization of $6.61 billion, a PE ratio of 62.39, a P/E/G ratio of 0.49 and a beta of 1.25. The company has a 50-day moving average price of $36.47 and a 200-day moving average price of $34.11. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.49 and a quick ratio of 0.87.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.39%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. Sell-side analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Darling Ingredients Company Profile

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.