JPMorgan Chase & Co. Lowers Darling Ingredients (NYSE:DAR) Price Target to $62.00

Darling Ingredients (NYSE:DAR) had its price objective cut by research analysts at JPMorgan Chase & Co. from $66.00 to $62.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 50.56% from the stock’s previous close.

A number of other equities research analysts also recently commented on the stock. Scotiabank dropped their price objective 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. Stifel Nicolaus lowered their target price on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, April 8th. Stephens lowered their target price on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Citigroup upped their target price on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Finally, BMO Capital Markets lowered their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus price target of $72.55.

Darling Ingredients Trading Down 1.3 %

Shares of NYSE:DAR opened at $41.18 on Wednesday. Darling Ingredients has a 52 week low of $38.97 and a 52 week high of $71.60. The company’s 50 day moving average is $43.83 and its two-hundred day moving average is $44.75. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.58 billion, a PE ratio of 10.35 and a beta of 1.29.

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

Insider Buying and Selling

In other news, Director Kurt Stoffel acquired 8,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was bought at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the transaction, the director now owns 10,571 shares in the company, valued at $439,965.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.62% of the stock is owned by company insiders.

Hedge Funds Weigh In On Darling Ingredients

A number of large investors have recently made changes to their positions in the stock. IFP Advisors Inc increased its holdings in shares of Darling Ingredients by 38.9% in the 2nd quarter. IFP Advisors Inc now owns 689 shares of the company’s stock valued at $44,000 after purchasing an additional 193 shares in the last quarter. Advisor Partners II LLC increased its holdings in Darling Ingredients by 7.1% during the 4th quarter. Advisor Partners II LLC now owns 3,329 shares of the company’s stock valued at $208,000 after acquiring an additional 220 shares in the last quarter. CWM LLC increased its holdings in Darling Ingredients by 14.7% during the 4th quarter. CWM LLC now owns 1,922 shares of the company’s stock valued at $96,000 after acquiring an additional 247 shares in the last quarter. Xponance Inc. increased its holdings in Darling Ingredients by 1.3% during the 3rd quarter. Xponance Inc. now owns 19,806 shares of the company’s stock valued at $1,034,000 after acquiring an additional 250 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in Darling Ingredients by 5.0% during the 2nd quarter. CIBC Asset Management Inc now owns 5,558 shares of the company’s stock valued at $355,000 after acquiring an additional 265 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 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.