Darling Ingredients (NYSE:DAR) Price Target Cut to $70.00 by Analysts at TD Cowen

Darling Ingredients (NYSE:DAR) had its target price decreased by investment analysts at TD Cowen from $76.00 to $70.00 in a report issued on Tuesday. The firm presently has a “buy” rating on the stock. TD Cowen’s price objective would indicate a potential upside of 31.34% from the stock’s current price.

DAR has been the subject of several other research reports. Stephens lifted their price target on Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. UBS Group increased their price target on Darling Ingredients from $58.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. JPMorgan Chase & Co. raised their price objective on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Barclays began coverage on Darling Ingredients in a research report on Monday. They issued an “equal weight” rating and a $58.00 price objective for the company. Finally, Wall Street Zen downgraded Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.45.

Darling Ingredients Stock Down 0.7%

DAR stock opened at $53.30 on Tuesday. Darling Ingredients has a one year low of $29.15 and a one year high of $66.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.03 and a current ratio of 1.58. The firm’s fifty day moving average is $59.73 and its 200 day moving average is $51.46. The firm has a market cap of $8.47 billion, a PE ratio of 38.62 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.27. Darling Ingredients had a net margin of 3.54% and a return on equity of 5.65%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. The company’s revenue was up 12.3% compared to the same quarter last year. On average, research analysts forecast that Darling Ingredients will post 4.68 EPS for the current year.

Insider Buying and Selling at Darling Ingredients

In related news, CAO Joseph Manzi sold 3,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the transaction, the chief accounting officer owned 19,969 shares in the company, valued at $1,275,819.41. This represents a 13.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Darling Ingredients

Large investors have recently bought and sold shares of the company. SJS Investment Consulting Inc. boosted its stake in Darling Ingredients by 69.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after purchasing an additional 174 shares during the last quarter. Turtle Creek Wealth Advisors LLC raised its position in shares of Darling Ingredients by 2.6% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock valued at $472,000 after buying an additional 196 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of Darling Ingredients by 2.9% in the first quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock worth $481,000 after buying an additional 220 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake 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 worth $277,000 after buying an additional 267 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position 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 worth $1,508,000 after acquiring an additional 304 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

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.