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

Darling Ingredients (NYSE:DAR) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from $59.00 to $69.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 16.89% from the stock’s current price.

DAR has been the topic of several other reports. BMO Capital Markets lifted their price target on shares of Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Robert W. Baird set a $64.00 target price on Darling Ingredients in a research report on Friday, February 13th. Jefferies Financial Group reissued a “buy” rating and issued a $66.00 target price on shares of Darling Ingredients in a report on Friday, February 13th. Finally, Wall Street Zen cut Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.90.

Darling Ingredients Stock Up 4.5%

DAR stock traded up $2.57 during trading on Tuesday, hitting $59.03. 926,289 shares of the company’s stock were exchanged, compared to its average volume of 2,707,477. The business has a 50-day moving average price of $49.40 and a two-hundred day moving average price of $39.31. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 151.34, a PEG ratio of 0.43 and a beta of 1.24. Darling Ingredients has a 52-week low of $26.00 and a 52-week high of $59.36.

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

Insider Buying and Selling

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of Darling Ingredients 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 directly owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.07% of the company’s stock.

Hedge Funds Weigh In On Darling Ingredients

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Danske Bank A S purchased a new stake in shares of Darling Ingredients in the third quarter valued at approximately $25,000. Allworth Financial LP lifted its holdings in Darling Ingredients by 227.2% in the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after acquiring an additional 509 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Darling Ingredients during the 3rd quarter worth $29,000. Litman Gregory Wealth Management LLC purchased a new stake in shares of Darling Ingredients during the 4th quarter worth $29,000. Finally, Leonteq Securities AG acquired a new position in shares of Darling Ingredients during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

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.