Darling Ingredients (NYSE:DAR) Price Target Raised to $46.00

Darling Ingredients (NYSE:DAR) had its target price lifted by JPMorgan Chase & Co. from $44.00 to $46.00 in a research note published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities research analysts have also recently commented on the stock. Piper Sandler lowered their price target on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. UBS Group set a $50.00 target price on shares of Darling Ingredients in a research report on Monday, November 3rd. TD Cowen upgraded Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Tuesday, December 2nd. Finally, Bank of America initiated coverage on Darling Ingredients in a report on Wednesday, October 8th. They issued a “buy” rating and a $45.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.63.

Darling Ingredients Trading Up 0.9%

DAR stock opened at $42.72 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.84. Darling Ingredients has a twelve month low of $26.00 and a twelve month high of $43.00. The company has a market cap of $6.76 billion, a P/E ratio of 63.76, a PEG ratio of 0.51 and a beta of 1.25. The business has a fifty day moving average of $36.79 and a 200-day moving average of $34.20.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Darling Ingredients had a return on equity of 2.39% and a net margin of 1.84%.The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business earned $0.11 earnings per share. Darling Ingredients’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities research analysts expect that Darling Ingredients will post 2.81 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DAR. Dimensional Fund Advisors LP increased its holdings in shares of Darling Ingredients by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 7,776,549 shares of the company’s stock worth $240,058,000 after acquiring an additional 22,055 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Darling Ingredients by 6.0% in 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 period. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Darling Ingredients by 1.0% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,693,135 shares of the company’s stock worth $140,118,000 after buying an additional 35,309 shares during the period. Frontier Capital Management Co. LLC lifted its stake in Darling Ingredients by 66.0% in the second quarter. Frontier Capital Management Co. LLC now owns 3,323,470 shares of the company’s stock valued at $126,092,000 after buying an additional 1,320,817 shares in the last quarter. Finally, Davis Selected Advisers lifted its stake in Darling Ingredients by 0.4% in the third quarter. Davis Selected Advisers now owns 2,453,940 shares of the company’s stock valued at $75,753,000 after buying an additional 10,370 shares in the last quarter. 94.44% of the stock is currently owned by 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.