JPMorgan Chase & Co. Issues Positive Forecast for Darling Ingredients (NYSE:DAR) Stock Price

Darling Ingredients (NYSE:DAR) had its price target hoisted by stock analysts at JPMorgan Chase & Co. from $59.00 to $69.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 16.89% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Scotiabank reiterated an “outperform” rating and issued a $61.00 price objective on shares of Darling Ingredients in a report on Tuesday, February 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $66.00 target price on shares of Darling Ingredients in a research report on Friday, February 13th. Wall Street Zen lowered shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Sunday. Robert W. Baird set a $64.00 price target on shares of Darling Ingredients in a research report on Friday, February 13th. Finally, Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. 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 assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $57.90.

Darling Ingredients Trading Up 4.5%

Shares of NYSE:DAR traded up $2.57 during mid-day trading on Tuesday, reaching $59.03. 926,289 shares of the company were exchanged, compared to its average volume of 2,707,477. Darling Ingredients has a 1 year low of $26.00 and a 1 year high of $59.36. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.50 and a quick ratio of 0.99. The firm’s 50-day simple moving average is $49.40 and its 200 day simple moving average is $39.31. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 151.34, a P/E/G ratio of 0.43 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last announced its earnings results 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 company had revenue of $1.71 billion for the quarter. Equities research analysts forecast that Darling Ingredients will post 2.81 EPS for the current year.

Insider Transactions at Darling Ingredients

In related news, CEO Randall C. Stuewe sold 20,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer directly owned 1,117,085 shares of the company’s stock, valued at $58,222,470.20. The trade was a 1.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.07% of the company’s stock.

Hedge Funds Weigh In On Darling Ingredients

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ASR Vermogensbeheer N.V. increased its position in shares of Darling Ingredients by 7.8% in the 3rd quarter. ASR Vermogensbeheer N.V. now owns 536,355 shares of the company’s stock valued at $16,557,000 after purchasing an additional 38,855 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Darling Ingredients by 94.2% in the 3rd quarter. Fisher Asset Management LLC now owns 75,442 shares of the company’s stock valued at $2,329,000 after purchasing an additional 36,593 shares in the last quarter. Ninety One UK Ltd purchased a new stake in shares of Darling Ingredients during the 3rd quarter worth $12,484,000. Citigroup Inc. grew its stake in shares of Darling Ingredients by 134.4% during the third quarter. Citigroup Inc. now owns 431,336 shares of the company’s stock worth $13,315,000 after purchasing an additional 247,311 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Darling Ingredients by 440.3% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 59,130 shares of the company’s stock valued at $1,825,000 after buying an additional 48,186 shares during the last quarter. Hedge funds and other 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.