Darling Ingredients (NYSE:DAR) PT Lowered to $62.00 at JPMorgan Chase & Co.

Darling Ingredients (NYSE:DAR) had its target price decreased by JPMorgan Chase & Co. from $66.00 to $62.00 in a research note issued to investors on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other brokerages have also recently issued reports on DAR. BMO Capital Markets dropped their price objective on shares of Darling Ingredients from $60.00 to $57.00 and set an outperform rating for the company in a research note on Thursday, February 29th. Stephens lowered their price objective on Darling Ingredients from $55.00 to $50.00 and set an equal weight rating for the company in a research report on Wednesday, January 24th. Stifel Nicolaus dropped their price objective on Darling Ingredients from $95.00 to $90.00 and set a buy rating on the stock in a report on Monday, April 8th. Scotiabank dropped their target price on shares of Darling Ingredients from $73.00 to $57.00 and set a sector outperform rating on the stock in a research report on Thursday, April 11th. Finally, Citigroup boosted their price objective on Darling Ingredients from $46.00 to $48.00 and gave the company a neutral rating in a research note on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Darling Ingredients currently has an average rating of Moderate Buy and a consensus price target of $72.55.

Darling Ingredients Stock Performance

NYSE:DAR opened at $41.71 on Wednesday. The firm has a market capitalization of $6.66 billion, a PE ratio of 10.48 and a beta of 1.29. Darling Ingredients has a 52-week low of $38.97 and a 52-week high of $71.60. The stock has a 50-day simple moving average of $43.83 and a two-hundred day simple moving average of $44.78. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. Analysts forecast that Darling Ingredients will post 3.41 EPS for the current year.

Insider Buying and Selling

In other Darling Ingredients news, Director Kurt Stoffel bought 8,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was purchased at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the acquisition, the director now owns 10,571 shares of the company’s stock, valued at approximately $439,965.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.62% of the stock is currently owned by insiders.

Institutional Trading of Darling Ingredients

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its stake in Darling Ingredients by 1,412.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 499 shares of the company’s stock valued at $25,000 after purchasing an additional 466 shares during the last quarter. Rise Advisors LLC acquired a new position in Darling Ingredients in the first quarter valued at $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in Darling Ingredients in the fourth quarter valued at $29,000. Millburn Ridgefield Corp purchased a new position in Darling Ingredients during the third quarter worth about $31,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Darling Ingredients in the 3rd quarter worth about $31,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

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.