Darling Ingredients (NYSE:DAR) Hits New 12-Month High After Analyst Upgrade

Darling Ingredients Inc. (NYSE:DAR) reached a new 52-week high during trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $59.00 to $69.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Darling Ingredients traded as high as $58.43 and last traded at $58.74, with a volume of 403203 shares. The stock had previously closed at $56.46.

DAR has been the subject of a number of other research reports. BMO Capital Markets raised their price objective 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 cut shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Sunday. Piper Sandler increased their target price on shares of Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $66.00 price target on shares of Darling Ingredients in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given 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.

Insiders Place Their Bets

In related news, CEO Randall C. Stuewe sold 20,000 shares of the business’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 sale, the chief executive officer directly owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. The trade was a 1.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors and hedge funds have recently modified their holdings of the company. Coldstream Capital Management Inc. boosted its position in shares of Darling Ingredients by 3.6% in 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 during the period. Public Employees Retirement System of Ohio grew its stake in Darling Ingredients by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 48,856 shares of the company’s stock valued at $1,508,000 after acquiring an additional 304 shares in the last quarter. NBC Securities Inc. increased its holdings in Darling Ingredients by 1.3% during the 4th quarter. NBC Securities Inc. now owns 24,318 shares of the company’s stock worth $875,000 after acquiring an additional 318 shares during the period. Union Bancaire Privee UBP SA increased its holdings in Darling Ingredients by 1.7% during the 4th quarter. Union Bancaire Privee UBP SA now owns 20,457 shares of the company’s stock worth $731,000 after acquiring an additional 342 shares during the period. Finally, UMB Bank n.a. lifted its stake in Darling Ingredients by 21.2% in the 4th quarter. UMB Bank n.a. now owns 2,026 shares of the company’s stock worth $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 Stock Up 1.0%

The company’s 50 day simple moving average is $50.15 and its 200-day simple moving average is $39.63. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 1.50. The firm has a market capitalization of $9.32 billion, a PE ratio of 150.48, a PEG ratio of 0.45 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last released 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 during the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. On average, analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

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.