Darling Ingredients (NYSE:DAR) Price Target Raised to $65.00

Darling Ingredients (NYSE:DAR) had its price objective boosted by Barclays from $62.00 to $65.00 in a research note published on Monday morning, MarketBeat.com reports. They currently have an equal weight rating on the stock.

DAR has been the subject of a number of other reports. Scotiabank raised their target price on Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Weiss Ratings raised Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. TD Cowen boosted their price objective on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Finally, Robert W. Baird increased their target price on shares of Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Darling Ingredients Price Performance

DAR opened at $57.86 on Monday. Darling Ingredients has a fifty-two week low of $29.15 and a fifty-two week high of $66.02. The firm has a 50-day moving average of $58.53 and a 200 day moving average of $56.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 3.89. The firm has a market cap of $9.20 billion, a P/E ratio of 15.60 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 13.23%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the company earned $0.08 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis. On average, research analysts expect that Darling Ingredients will post 6.98 EPS for the current year.

Insider Buying and Selling at Darling Ingredients

In related news, Director Charles L. Adair acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the purchase, the director owned 51,690 shares in the company, valued at $3,151,539.30. This trade represents a 1.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its holdings in shares of Darling Ingredients by 17.0% in the first quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock worth $20,119,000 after buying an additional 93,408 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Darling Ingredients by 10.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock valued at $18,768,000 after acquiring an additional 58,925 shares in the last quarter. Focus Partners Wealth bought a new stake in Darling Ingredients during the 1st quarter worth approximately $205,000. M&T Bank Corp increased its holdings in Darling Ingredients by 11.2% during the 2nd quarter. M&T Bank Corp now owns 8,384 shares of the company’s stock worth $318,000 after acquiring an additional 847 shares during the period. Finally, Invesco Ltd. lifted its stake in Darling Ingredients by 5.0% in the 2nd quarter. Invesco Ltd. now owns 677,528 shares of the company’s stock worth $25,705,000 after purchasing an additional 32,553 shares in the last quarter. Hedge funds and other institutional investors 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.