Darling Ingredients (NYSE:DAR) Price Target Raised to $69.00

Darling Ingredients (NYSE:DAR) had its price target lifted by JPMorgan Chase & Co. from $59.00 to $69.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also commented on the stock. Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Robert W. Baird set a $64.00 target price on shares of Darling Ingredients in a research note on Friday, February 13th. Wall Street Zen downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. BMO Capital Markets boosted their target price on shares of Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Finally, Jefferies Financial Group restated a “buy” rating and set a $66.00 price target on shares of Darling Ingredients in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus target price of $57.90.

Darling Ingredients Stock Performance

Shares of NYSE DAR opened at $58.92 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 1.50. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 151.07, a P/E/G ratio of 0.46 and a beta of 1.24. The business’s 50-day simple moving average is $50.51 and its 200-day simple moving average is $39.76. Darling Ingredients has a 52 week low of $26.00 and a 52 week high of $59.63.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share for the quarter. The firm had revenue of $1.71 billion during the quarter. Darling Ingredients had a return on equity of 2.36% and a net margin of 1.02%. As a group, equities research analysts expect that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $52.12, for a total value of $1,042,400.00. Following the completion of the sale, the chief executive officer directly owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Darling Ingredients

Large investors have recently bought and sold shares of the stock. ASR Vermogensbeheer N.V. increased its holdings in shares of Darling Ingredients by 7.8% during the 3rd quarter. ASR Vermogensbeheer N.V. now owns 536,355 shares of the company’s stock worth $16,557,000 after purchasing an additional 38,855 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Darling Ingredients by 94.2% in the third quarter. Fisher Asset Management LLC now owns 75,442 shares of the company’s stock valued at $2,329,000 after buying an additional 36,593 shares during the period. Ninety One UK Ltd acquired a new stake in Darling Ingredients during the third quarter worth about $12,484,000. Citigroup Inc. grew its position in Darling Ingredients by 134.4% during the third quarter. Citigroup Inc. now owns 431,336 shares of the company’s stock worth $13,315,000 after buying an additional 247,311 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Darling Ingredients by 440.3% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 59,130 shares of the company’s stock valued at $1,825,000 after acquiring an additional 48,186 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

About Darling Ingredients

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.