Darling Ingredients (NYSE:DAR) Price Target Raised to $80.00

Darling Ingredients (NYSE:DAR) had its price target increased by TD Cowen from $70.00 to $80.00 in a report issued on Monday, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

DAR has been the subject of several other research reports. Robert W. Baird upped their price target on Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. Weiss Ratings raised shares of Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Barclays upped their price objective on shares of Darling Ingredients from $58.00 to $62.00 and gave the stock an “equal weight” rating in a report on Thursday, July 2nd. Finally, UBS Group raised their target price on shares of Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.73.

Darling Ingredients Stock Up 0.4%

DAR stock opened at $58.64 on Monday. The firm has a market cap of $9.32 billion, a PE ratio of 42.50 and a beta of 1.04. Darling Ingredients has a 1 year low of $29.15 and a 1 year high of $66.02. The company has a fifty day simple moving average of $58.40 and a 200 day simple moving average of $55.82. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the business posted ($0.16) earnings per share. The business’s quarterly revenue was up 12.3% on a year-over-year basis. Sell-side analysts anticipate that Darling Ingredients will post 5.05 EPS for the current fiscal year.

Insider Activity

In related news, CAO Joseph Manzi sold 3,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $63.89, for a total value of $191,670.00. Following the completion of the transaction, the chief accounting officer directly owned 19,969 shares in the company, valued at approximately $1,275,819.41. This represents a 13.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

Several institutional investors and hedge funds have recently bought and sold shares of DAR. Norges Bank bought a new position in shares of Darling Ingredients during the 4th quarter worth about $94,211,000. No Street GP LP bought a new stake in Darling Ingredients in the third quarter valued at about $69,458,000. Assenagon Asset Management S.A. raised its position in Darling Ingredients by 72.9% in the first quarter. Assenagon Asset Management S.A. now owns 2,091,960 shares of the company’s stock worth $129,388,000 after purchasing an additional 882,185 shares in the last quarter. Rubric Capital Management LP acquired a new position in Darling Ingredients in the fourth quarter worth about $24,510,000. Finally, Amundi lifted its stake in Darling Ingredients by 177.7% during the fourth quarter. Amundi now owns 864,400 shares of the company’s stock worth $31,119,000 after purchasing an additional 553,081 shares during the period. 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.