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

Darling Ingredients (NYSE:DAR) had its price target increased by stock analysts at UBS Group from $58.00 to $78.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 21.36% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lifted their target price on Darling Ingredients from $59.00 to $69.00 and gave the company an “overweight” rating in a research report on Tuesday, March 24th. Jefferies Financial Group restated a “buy” rating and issued a $66.00 price target on shares of Darling Ingredients in a research note on Friday, February 13th. BMO Capital Markets lifted their price target on shares of Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Robert W. Baird set a $64.00 price objective on shares of Darling Ingredients in a research report on Friday, February 13th. Finally, Scotiabank reissued an “outperform” rating and issued a $61.00 price objective on shares of Darling Ingredients in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given 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 target price of $60.70.

Darling Ingredients Price Performance

NYSE:DAR traded up $2.11 during mid-day trading on Thursday, reaching $64.27. The stock had a trading volume of 1,541,341 shares, compared to its average volume of 2,866,060. The stock has a 50-day simple moving average of $52.16 and a two-hundred day simple moving average of $40.64. The stock has a market capitalization of $10.20 billion, a PE ratio of 164.72, a P/E/G ratio of 0.46 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.50 and a quick ratio of 0.99. Darling Ingredients has a 12 month low of $26.00 and a 12 month high of $63.97.

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

Insider Activity

In related news, CEO Randall C. Stuewe sold 20,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total value 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. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.62% of the company’s stock.

Institutional Trading of Darling Ingredients

Several large investors have recently made changes to their positions in the company. ASR Vermogensbeheer N.V. grew its holdings in Darling Ingredients by 7.8% during the third quarter. ASR Vermogensbeheer N.V. now owns 536,355 shares of the company’s stock valued at $16,557,000 after purchasing an additional 38,855 shares during the period. Assenagon Asset Management S.A. increased its position in Darling Ingredients by 4.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,209,775 shares of the company’s stock worth $43,552,000 after buying an additional 56,662 shares during the last quarter. Fisher Asset Management LLC raised 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 purchased a new position in shares of Darling Ingredients during the 3rd quarter valued at $12,484,000. Finally, Citigroup Inc. lifted its position in shares of Darling Ingredients by 134.4% during the 3rd quarter. Citigroup Inc. now owns 431,336 shares of the company’s stock valued at $13,315,000 after buying an additional 247,311 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

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.