Darling Ingredients (NYSE:DAR) Stock Gets Price Target Bump from JPMorgan Chase & Co.

Darling Ingredients (NYSE:DAR) had its price target boosted by equities researchers at JPMorgan Chase & Co. from $82.00 to $83.00 in a report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 35.40% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Barclays increased their target price on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Wall Street Zen upgraded shares of Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Jefferies Financial Group upgraded shares of Darling Ingredients to a “strong-buy” rating in a research report on Tuesday, September 29th. Finally, UBS Group boosted their price target on shares of Darling Ingredients from $78.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.80.

Darling Ingredients Price Performance

NYSE:DAR traded up $1.04 during mid-day trading on Monday, reaching $61.30. The stock had a trading volume of 462,005 shares, compared to its average volume of 2,596,843. The firm has a 50 day moving average price of $63.65 and a two-hundred day moving average price of $61.14. The stock has a market capitalization of $9.67 billion, a P/E ratio of 16.49 and a beta of 1.04. Darling Ingredients has a one year low of $29.15 and a one year high of $69.98. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $1.01. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the business earned $0.08 earnings per share. As a group, analysts expect that Darling Ingredients will post 7.05 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Joseph Manzi sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total transaction of $67,270.00. Following the completion of the sale, the chief accounting officer owned 18,969 shares of the company’s stock, valued at approximately $1,276,044.63. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Nicholas Kemphaus sold 1,591 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $63.05, for a total value of $100,312.55. Following the sale, the executive vice president directly owned 35,087 shares of the company’s stock, valued at approximately $2,212,235.35. This trade represents a 4.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,591 shares of company stock valued at $704,303 over the last quarter. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DAR. BlackRock Inc. bought a new stake in Darling Ingredients during the 2nd quarter valued at $851,450,000. Dimensional Fund Advisors LP grew its holdings in Darling Ingredients by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company’s stock worth $498,927,000 after acquiring an additional 47,565 shares during the last quarter. Deutsche Bank AG bought a new stake in Darling Ingredients in the 2nd quarter worth $168,348,000. Bank of America Corp DE bought a new stake in Darling Ingredients in the 2nd quarter worth $129,371,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Darling Ingredients by 5.8% in the second quarter. Assenagon Asset Management S.A. now owns 2,212,634 shares of the company’s stock valued at $120,854,000 after acquiring an additional 120,674 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Company Profile

Darling Ingredients Inc is a global developer and producer of sustainable ingredients created from animal by-products, food waste and used cooking oil. The company collects and transforms these materials into products used in animal feed, pet food, agriculture, food, fuel and other industrial applications.

Its products include rendered fats and proteins, specialty feed ingredients, fertilizer inputs, collagen and gelatin, and bioenergy feedstocks. Through its renewable diesel operations, including the Diamond Green Diesel joint venture, Darling also converts low-carbon waste fats and oils into renewable fuel.

Founded in 1882, Darling Ingredients has grown from a U.S.