Analysts Set Darling Ingredients Inc. (NYSE:DAR) Target Price at $69.00

Shares of Darling Ingredients Inc. (NYSE:DAR) have earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $69.00.

A number of brokerages have weighed in on DAR. JPMorgan Chase & Co. boosted their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. TD Cowen upped their price objective on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Wall Street Zen raised Darling Ingredients from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Jefferies Financial Group raised their target price on Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Zacks Research upgraded Darling Ingredients from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th.

Insider Buying and Selling at Darling Ingredients

In related news, EVP Nicholas James Kemphaus sold 1,591 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $63.05, for a total transaction of $100,312.55. Following the completion of the sale, the executive vice president directly owned 35,087 shares in the company, valued at approximately $2,212,235.35. The trade was a 4.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles L. Adair bought 1,000 shares of Darling Ingredients stock in a transaction on Friday, July 31st. The shares were acquired at an average cost of $60.97 per share, with a total value of $60,970.00. Following the completion of the acquisition, the director owned 51,690 shares of the company’s stock, valued at $3,151,539.30. The trade was a 1.97% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 10,591 shares of company stock valued at $704,303. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Darling Ingredients

Institutional investors and hedge funds have recently bought and sold shares of the stock. Danske Bank A S purchased a new stake in Darling Ingredients in the third quarter worth about $25,000. Allworth Financial LP lifted its position in shares of Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after buying an additional 509 shares in the last quarter. SJS Investment Consulting Inc. grew its stake in shares of Darling Ingredients by 69.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares during the period. Litman Gregory Wealth Management LLC bought a new position in shares of Darling Ingredients during the 4th quarter valued at approximately $29,000. Finally, Leonteq Securities AG purchased a new stake in Darling Ingredients in the 4th quarter worth approximately $35,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Stock Performance

Shares of NYSE DAR opened at $62.52 on Wednesday. The firm’s 50-day moving average price is $60.13 and its 200-day moving average price is $58.57. Darling Ingredients has a 52-week low of $29.15 and a 52-week high of $69.98. The company has a market cap of $9.87 billion, a PE ratio of 16.85 and a beta of 1.02. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, analysts anticipate that Darling Ingredients will post 6.98 EPS for the current year.

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.