Darling Ingredients (NYSE:DAR) Stock Price Expected to Rise, Scotiabank Analyst Says

Darling Ingredients (NYSE:DAR) had its price objective lifted by stock analysts at Scotiabank from $61.00 to $70.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 14.84% from the stock’s current price.

Several other equities analysts also recently issued reports on DAR. JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $59.00 to $69.00 and gave the company an “overweight” rating in a research report on Tuesday, March 24th. Robert W. Baird lifted their price objective on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. UBS Group lifted their price objective on Darling Ingredients from $58.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. TD Cowen lifted their price objective on Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Finally, BMO Capital Markets lifted their price objective on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Darling Ingredients currently has an average rating of “Buy” and a consensus price target of $66.00.

Darling Ingredients Trading Up 1.2%

Shares of DAR opened at $60.96 on Wednesday. The stock has a 50 day simple moving average of $56.91 and a 200-day simple moving average of $43.86. Darling Ingredients has a 1 year low of $28.32 and a 1 year high of $64.90. The stock has a market cap of $9.68 billion, a PE ratio of 156.30, a PEG ratio of 0.41 and a beta of 1.08. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data 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, sell-side analysts predict that Darling Ingredients will post 3.63 EPS for the current fiscal year.

Insider Activity at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 20,000 shares of Darling Ingredients stock in a transaction on 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Darling Ingredients by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock valued at $554,196,000 after buying an additional 512,219 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Darling Ingredients by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,019,406 shares of the company’s stock valued at $288,704,000 after buying an additional 242,857 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Darling Ingredients by 6.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company’s stock valued at $158,119,000 after buying an additional 287,665 shares during the period. Davis Selected Advisers increased its stake in shares of Darling Ingredients by 15.8% in the 4th quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock valued at $102,324,000 after buying an additional 388,366 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Darling Ingredients by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 2,839,649 shares of the company’s stock valued at $102,249,000 after buying an additional 76,151 shares during the period. 94.44% of the stock is owned by institutional investors and hedge funds.

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.