JPMorgan Chase & Co. Issues Positive Forecast for Darling Ingredients (NYSE:DAR) Stock Price

Darling Ingredients (NYSE:DAR) had its price target hoisted by JPMorgan Chase & Co. from $59.00 to $69.00 in a report released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities research analysts have also issued reports on the stock. Piper Sandler increased their price objective on shares of Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Robert W. Baird set a $64.00 target price on shares of Darling Ingredients in a report on Friday, February 13th. TD Cowen upped their price target on shares of Darling Ingredients from $45.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Wall Street Zen downgraded Darling Ingredients from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $66.00 price objective on shares of Darling Ingredients in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus target price of $57.90.

Darling Ingredients Stock Up 2.7%

Shares of NYSE:DAR opened at $58.00 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 1.50. Darling Ingredients has a 1 year low of $26.00 and a 1 year high of $59.36. The stock has a market capitalization of $9.21 billion, a P/E ratio of 148.72, a PEG ratio of 0.44 and a beta of 1.24. The stock has a 50-day simple moving average of $49.76 and a 200-day simple moving average of $39.49.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, January 29th. The company reported $0.35 EPS for the quarter. The firm had revenue of $1.71 billion for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. Equities analysts forecast that Darling Ingredients will post 2.81 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Randall C. Stuewe sold 20,000 shares of the firm’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 completion of the sale, the chief executive officer directly owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.07% of the company’s stock.

Hedge Funds Weigh In On Darling Ingredients

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DAR. Coldstream Capital Management Inc. grew its stake in shares of Darling Ingredients by 3.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock valued at $277,000 after acquiring an additional 267 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Darling Ingredients by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 48,856 shares of the company’s stock worth $1,508,000 after acquiring an additional 304 shares in the last quarter. NBC Securities Inc. lifted its stake in shares of Darling Ingredients by 1.3% in the fourth quarter. NBC Securities Inc. now owns 24,318 shares of the company’s stock worth $875,000 after acquiring an additional 318 shares in the last quarter. Union Bancaire Privee UBP SA boosted its holdings in Darling Ingredients by 1.7% in the fourth quarter. Union Bancaire Privee UBP SA now owns 20,457 shares of the company’s stock valued at $731,000 after purchasing an additional 342 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in Darling Ingredients by 21.2% during the 4th quarter. UMB Bank n.a. now owns 2,026 shares of the company’s stock valued at $73,000 after purchasing an additional 354 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

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.