Jefferies Financial Group Increases Darling Ingredients (NYSE:DAR) Price Target to $44.00

Darling Ingredients (NYSE:DAR) had its target price increased by Jefferies Financial Group from $42.00 to $44.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 27.11% from the stock’s previous close.

DAR has been the subject of several other research reports. JPMorgan Chase & Co. began coverage on shares of Darling Ingredients in a research note on Wednesday, August 20th. They set an “overweight” rating and a $43.00 price target for the company. Piper Sandler decreased their price objective on shares of Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating for the company in a research report on Monday, July 28th. Bank of America started coverage on shares of Darling Ingredients in a research report on Wednesday, October 8th. They set a “buy” rating and a $45.00 price objective for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $36.00 price objective (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.50.

Darling Ingredients Price Performance

Shares of NYSE:DAR opened at $34.62 on Friday. The firm has a 50 day simple moving average of $32.00 and a 200 day simple moving average of $33.03. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 52.45, a PEG ratio of 1.79 and a beta of 1.22. Darling Ingredients has a one year low of $26.00 and a one year high of $43.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.50 billion. Darling Ingredients had a net margin of 1.85% and a return on equity of 2.35%. Darling Ingredients’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS. Research analysts predict that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $30.92, for a total value of $1,082,200.00. Following the completion of the sale, the chief executive officer directly owned 781,437 shares in the company, valued at approximately $24,162,032.04. The trade was a 4.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

A number of hedge funds have recently made changes to their positions in DAR. Peregrine Capital Management LLC raised its holdings in Darling Ingredients by 16.5% during the 1st quarter. Peregrine Capital Management LLC now owns 218,806 shares of the company’s stock valued at $6,835,000 after buying an additional 30,952 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Darling Ingredients by 19.3% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 30,490 shares of the company’s stock worth $953,000 after purchasing an additional 4,933 shares in the last quarter. Cornerstone Investment Partners LLC bought a new position in Darling Ingredients in the 1st quarter worth $255,000. Vanguard Group Inc. grew its position in shares of Darling Ingredients by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock worth $488,654,000 after buying an additional 73,925 shares during the period. Finally, Maven Securities LTD grew its position in shares of Darling Ingredients by 328.9% in the 1st quarter. Maven Securities LTD now owns 32,168 shares of the company’s stock worth $1,005,000 after buying an additional 24,668 shares during the period. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.