Darling Ingredients (NYSE:DAR) Price Target Raised to $80.00 at TD Cowen

Darling Ingredients (NYSE:DAR) had its price target boosted by TD Cowen from $70.00 to $80.00 in a research report sent to investors on Monday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

DAR has been the subject of a number of other research reports. Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Jefferies Financial Group raised their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. lifted their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Stephens boosted their price objective on shares of Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Sunday, July 5th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.73.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $60.46 on Monday. The firm has a market cap of $9.61 billion, a P/E ratio of 43.81 and a beta of 1.04. The business’s 50 day moving average is $58.43 and its 200-day moving average is $55.52. The company has a current ratio of 1.58, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. Darling Ingredients has a 1-year low of $29.15 and a 1-year high of $66.02.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.27. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the company posted ($0.16) EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Equities research analysts predict that Darling Ingredients will post 5.04 earnings per share for the current year.

Insider Buying and Selling at Darling Ingredients

In other news, CAO Joseph Manzi sold 3,000 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the sale, the chief accounting officer directly owned 19,969 shares in the company, valued at approximately $1,275,819.41. This represents a 13.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. AIA Group Ltd acquired a new position in shares of Darling Ingredients in the 1st quarter valued at approximately $4,453,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Darling Ingredients during the 4th quarter worth approximately $585,000. BNP Paribas Financial Markets boosted its position in shares of Darling Ingredients by 26.8% during the 4th quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company’s stock worth $47,179,000 after acquiring an additional 277,233 shares in the last quarter. Ninety One UK Ltd increased its stake in Darling Ingredients by 28.3% in the fourth quarter. Ninety One UK Ltd now owns 518,796 shares of the company’s stock valued at $18,677,000 after acquiring an additional 114,397 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Darling Ingredients in the fourth quarter valued at approximately $17,728,000. Institutional investors own 94.44% of the company’s stock.

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.