Darling Ingredients (NYSE:DAR) PT Lowered to $62.00

Darling Ingredients (NYSE:DAR) had its price target lowered by JPMorgan Chase & Co. from $66.00 to $62.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on DAR. Citigroup increased their price objective on Darling Ingredients from $46.00 to $48.00 and gave the company a neutral rating in a research report on Wednesday, April 3rd. BMO Capital Markets reduced their target price on Darling Ingredients from $60.00 to $57.00 and set an outperform rating for the company in a research report on Thursday, February 29th. Scotiabank reduced their target price on Darling Ingredients from $73.00 to $57.00 and set a sector outperform rating for the company in a research report on Thursday, April 11th. Stifel Nicolaus reduced their target price on Darling Ingredients from $95.00 to $90.00 and set a buy rating for the company in a research report on Monday, April 8th. Finally, Stephens reduced their target price on Darling Ingredients from $55.00 to $50.00 and set an equal weight rating for the company in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $72.55.

Darling Ingredients Stock Up 3.5 %

DAR opened at $42.62 on Wednesday. Darling Ingredients has a 1-year low of $38.97 and a 1-year high of $71.60. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 10.71 and a beta of 1.29. The business has a 50 day moving average of $43.85 and a 200-day moving average of $44.69.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.65 billion. As a group, sell-side analysts anticipate that Darling Ingredients will post 3.41 earnings per share for the current year.

Insider Buying and Selling at Darling Ingredients

In related news, Director Kurt Stoffel acquired 8,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was bought at an average cost of $41.62 per share, with a total value of $332,960.00. Following the completion of the acquisition, the director now owns 10,571 shares in the company, valued at $439,965.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.62% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DAR. HighTower Advisors LLC lifted its holdings in shares of Darling Ingredients by 97.9% during the first quarter. HighTower Advisors LLC now owns 14,145 shares of the company’s stock valued at $1,133,000 after acquiring an additional 6,999 shares during the period. Bank of Montreal Can increased its stake in shares of Darling Ingredients by 20.4% in the first quarter. Bank of Montreal Can now owns 21,054 shares of the company’s stock valued at $1,697,000 after buying an additional 3,563 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Darling Ingredients in the first quarter valued at $141,000. Panagora Asset Management Inc. acquired a new stake in shares of Darling Ingredients in the first quarter valued at $447,000. Finally, Great West Life Assurance Co. Can increased its stake in shares of Darling Ingredients by 8.2% in the first quarter. Great West Life Assurance Co. Can now owns 89,124 shares of the company’s stock valued at $7,366,000 after buying an additional 6,770 shares in the last quarter. 94.44% of the stock is owned by 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.