Darling Ingredients (NYSE:DAR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Darling Ingredients (NYSE:DAR) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $78.00 to $79.00 in a report released on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 23.57% from the stock’s previous close.

Several other analysts have also commented on DAR. Jefferies Financial Group increased their price objective on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 4th. BMO Capital Markets boosted their target price on Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Scotiabank upped their target price on Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Stephens increased their price target on Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Darling Ingredients in a report on Friday, April 10th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $69.00.

Darling Ingredients Stock Up 0.2%

Shares of NYSE:DAR traded up $0.11 during trading on Tuesday, reaching $63.93. The stock had a trading volume of 299,870 shares, compared to its average volume of 2,878,781. The firm’s 50-day simple moving average is $59.07 and its 200 day simple moving average is $46.25. The company has a current ratio of 4.64, a quick ratio of 0.99 and a debt-to-equity ratio of 0.15. Darling Ingredients has a one year low of $29.15 and a one year high of $66.02. The company has a market capitalization of $10.15 billion, a P/E ratio of 46.29 and a beta of 1.07.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.27. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.76%. Darling Ingredients’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.16) earnings per share. As a group, research analysts expect that Darling Ingredients will post 4.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Randall C. Stuewe sold 20,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the sale, the chief executive officer directly owned 1,117,085 shares of the company’s stock, valued at $58,222,470.20. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Joseph Manzi sold 3,000 shares of the firm’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 owned 19,969 shares of the company’s stock, valued at $1,275,819.41. This trade represents a 13.06% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Darling Ingredients

Institutional investors and hedge funds have recently modified their holdings of the company. SJS Investment Consulting Inc. increased its holdings in Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after buying an additional 174 shares during the period. Allworth Financial LP raised its position in Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after buying an additional 509 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new stake in Darling Ingredients during the 1st quarter valued at approximately $47,000. Litman Gregory Wealth Management LLC acquired a new stake in Darling Ingredients during the 4th quarter valued at approximately $29,000. Finally, Danske Bank A S purchased a new stake in shares of Darling Ingredients in the 3rd quarter valued at $25,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

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.