UBS Group Boosts Darling Ingredients (NYSE:DAR) Price Target to $78.00

Darling Ingredients (NYSE:DAR) had its price objective raised by UBS Group from $58.00 to $78.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 20.86% from the company’s previous close.

Several other brokerages have also recently issued reports on DAR. BMO Capital Markets increased their target price on shares of Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Wall Street Zen downgraded Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Piper Sandler increased their price objective on Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Jefferies Financial Group restated a “buy” rating and set a $66.00 target price on shares of Darling Ingredients in a research note on Friday, February 13th. Finally, TD Cowen upped their target price on Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and an average price target of $60.70.

Darling Ingredients Stock Down 0.2%

Shares of NYSE:DAR opened at $64.54 on Thursday. The firm has a market capitalization of $10.24 billion, a PE ratio of 165.48, a price-to-earnings-growth ratio of 0.48 and a beta of 1.08. The business has a 50 day simple moving average of $53.04 and a two-hundred day simple moving average of $41.04. Darling Ingredients has a 1 year low of $26.00 and a 1 year high of $64.69. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.50 and a quick ratio of 0.99.

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

Insider Buying and Selling at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 20,000 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $52.12, for a total value of $1,042,400.00. Following the completion of the transaction, the chief executive officer owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. This represents a 1.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.62% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Darling Ingredients by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock worth $554,196,000 after purchasing an additional 512,219 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Darling Ingredients by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,019,406 shares of the company’s stock worth $288,704,000 after buying an additional 242,857 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Darling Ingredients by 6.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company’s stock worth $158,119,000 after buying an additional 287,665 shares in the last quarter. Frontier Capital Management Co. LLC increased its stake in Darling Ingredients by 66.0% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,323,470 shares of the company’s stock worth $126,092,000 after buying an additional 1,320,817 shares in the last quarter. Finally, Davis Selected Advisers raised its holdings in shares of Darling Ingredients by 15.8% during the fourth quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock valued at $102,324,000 after acquiring an additional 388,366 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

About Darling Ingredients

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.