Darling Ingredients (NYSE:DAR) Given New $78.00 Price Target at UBS Group

Darling Ingredients (NYSE:DAR) had its price target increased by equities researchers at UBS Group from $58.00 to $78.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 21.36% from the company’s previous close.

Several other brokerages have also recently weighed in on DAR. BMO Capital Markets raised their price objective on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Jefferies Financial Group restated a “buy” rating and issued a $66.00 price target on shares of Darling Ingredients in a research note on Friday, February 13th. Piper Sandler upped their price objective on Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Robert W. Baird set a $64.00 target price on shares of Darling Ingredients in a research note on Friday, February 13th. Finally, Wall Street Zen lowered Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. One equities research 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 issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.70.

Darling Ingredients Trading Up 3.4%

DAR stock traded up $2.11 during midday trading on Thursday, hitting $64.27. 1,541,341 shares of the company’s stock were exchanged, compared to its average volume of 2,866,060. The stock’s fifty day moving average price is $52.16 and its 200-day moving average price is $40.64. 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 company has a market cap of $10.20 billion, a PE ratio of 164.72, a price-to-earnings-growth ratio of 0.46 and a beta of 1.08. Darling Ingredients has a one year low of $26.00 and a one year high of $63.97.

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

Insiders Place Their Bets

In related news, CEO Randall C. Stuewe sold 20,000 shares of Darling Ingredients stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $52.12, for a total transaction 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 2.62% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DAR. Goldman Sachs Group Inc. lifted its position in shares of Darling Ingredients by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock valued at $20,119,000 after acquiring an additional 93,408 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Darling Ingredients by 10.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock worth $18,768,000 after purchasing an additional 58,925 shares during the period. Focus Partners Wealth acquired a new position in Darling Ingredients in the first quarter valued at about $205,000. Prudential Financial Inc. raised its stake in Darling Ingredients by 87.7% in the second quarter. Prudential Financial Inc. now owns 26,713 shares of the company’s stock valued at $1,121,000 after purchasing an additional 12,480 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in Darling Ingredients by 153.7% during the second quarter. Quadrant Capital Group LLC now owns 11,128 shares of the company’s stock worth $422,000 after purchasing an additional 6,741 shares during the period. Institutional investors 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.