Darling Ingredients (NYSE:DAR) Price Target Raised to $46.00 at Jefferies Financial Group

Darling Ingredients (NYSE:DAR) had its target price raised by Jefferies Financial Group from $44.00 to $46.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

DAR has been the topic of a number of other reports. TD Cowen reduced their target price on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, September 13th. Piper Sandler reduced their price objective on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Finally, Scotiabank lowered their price objective on Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.90.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $39.12 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.91 and a debt-to-equity ratio of 0.95. Darling Ingredients has a 12 month low of $32.67 and a 12 month high of $51.36. The stock has a 50 day moving average of $37.60 and a 200 day moving average of $39.00. The firm has a market cap of $6.25 billion, a PE ratio of 11.71 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, October 24th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a net margin of 6.04% and a return on equity of 8.38%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The firm’s revenue was down 12.5% compared to the same quarter last year. On average, research analysts expect that Darling Ingredients will post 2.26 EPS for the current fiscal year.

Insider Buying and Selling

In other Darling Ingredients news, EVP Robert W. Day acquired 2,532 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were bought at an average price of $39.37 per share, with a total value of $99,684.84. Following the transaction, the executive vice president now directly owns 12,607 shares of the company’s stock, valued at $496,337.59. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 2.62% of the stock is owned by corporate insiders.

Institutional Trading of Darling Ingredients

A number of large investors have recently made changes to their positions in DAR. Jennison Associates LLC lifted its holdings in Darling Ingredients by 55.0% during the 1st quarter. Jennison Associates LLC now owns 1,562,739 shares of the company’s stock valued at $72,683,000 after buying an additional 554,512 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Darling Ingredients by 34.8% during the first quarter. BNP Paribas Financial Markets now owns 114,823 shares of the company’s stock valued at $5,340,000 after acquiring an additional 29,660 shares in the last quarter. Tidal Investments LLC purchased a new stake in shares of Darling Ingredients in the first quarter valued at approximately $1,462,000. Nordea Investment Management AB grew its stake in Darling Ingredients by 6.1% in the first quarter. Nordea Investment Management AB now owns 668,413 shares of the company’s stock worth $31,188,000 after purchasing an additional 38,618 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Darling Ingredients by 42.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 91,863 shares of the company’s stock worth $4,273,000 after purchasing an additional 27,243 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.