Darling Ingredients (NYSE:DAR) Price Target Raised to $78.00

Darling Ingredients (NYSE:DAR) had its price objective raised by UBS Group from $58.00 to $78.00 in a research note published on Thursday,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets increased their price objective on Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. TD Cowen boosted their target price on shares of Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a report on Friday, February 13th. Scotiabank reaffirmed an “outperform” rating and issued a $61.00 target price on shares of Darling Ingredients in a research report on Tuesday, February 17th. JPMorgan Chase & Co. increased their price target on shares of Darling Ingredients from $59.00 to $69.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 24th. Finally, Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $60.70.

Darling Ingredients Stock Performance

Darling Ingredients stock opened at $64.54 on Thursday. Darling Ingredients has a fifty-two week low of $26.00 and a fifty-two week high of $64.69. The stock’s 50 day simple moving average is $53.04 and its two-hundred day simple moving average is $41.09. 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 stock has a market cap of $10.24 billion, a price-to-earnings ratio of 165.48, a PEG ratio of 0.48 and a beta of 1.08.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) 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, analysts expect that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Insider Transactions at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 20,000 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the transaction, the chief executive officer owned 1,117,085 shares in the company, valued at $58,222,470.20. This represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.62% of the company’s stock.

Hedge Funds Weigh In On Darling Ingredients

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Darling Ingredients by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock valued at $554,196,000 after acquiring an additional 512,219 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Darling Ingredients by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,019,406 shares of the company’s stock valued at $288,704,000 after purchasing an additional 242,857 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Darling Ingredients by 6.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company’s stock valued at $158,119,000 after purchasing an additional 287,665 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in shares of Darling Ingredients by 66.0% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,323,470 shares of the company’s stock valued at $126,092,000 after purchasing an additional 1,320,817 shares during the last quarter. Finally, Davis Selected Advisers lifted its stake in shares of Darling Ingredients by 15.8% in the 4th quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock worth $102,324,000 after purchasing an additional 388,366 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

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.