Darling Ingredients (NYSE:DAR) Given New $46.00 Price Target at JPMorgan Chase & Co.

Darling Ingredients (NYSE:DAR) had its target price upped by stock analysts at JPMorgan Chase & Co. from $44.00 to $46.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 12.83% from the company’s current price.

A number of other research firms also recently issued reports on DAR. Weiss Ratings reissued a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. TD Cowen raised shares of Darling Ingredients from a “hold” rating to a “buy” rating and boosted their price target for the stock from $34.00 to $45.00 in a research note on Tuesday, December 2nd. Piper Sandler decreased their price objective on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Finally, Bank of America began coverage on Darling Ingredients in a report on Wednesday, October 8th. They issued a “buy” rating and a $45.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $46.33.

Darling Ingredients Stock Up 0.9%

Darling Ingredients stock traded up $0.35 during midday trading on Wednesday, hitting $40.77. 378,840 shares of the stock were exchanged, compared to its average volume of 2,102,927. Darling Ingredients has a 52-week low of $26.00 and a 52-week high of $42.15. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.84. The business’s 50-day moving average price is $36.33 and its 200-day moving average price is $34.05. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 60.85, a price-to-earnings-growth ratio of 0.45 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Darling Ingredients had a return on equity of 2.39% and a net margin of 1.84%.Darling Ingredients’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. On average, research analysts expect that Darling Ingredients will post 2.81 EPS for the current fiscal year.

Institutional Trading of Darling Ingredients

Several institutional investors have recently bought and sold shares of DAR. Goldman Sachs Group Inc. lifted its stake in shares of Darling Ingredients by 17.0% in the first quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock worth $20,119,000 after buying an additional 93,408 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Darling Ingredients by 10.9% in the 1st 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 acquiring an additional 58,925 shares during the last quarter. Focus Partners Wealth bought a new position in Darling Ingredients in the 1st quarter valued at approximately $205,000. Parallel Advisors LLC boosted its stake in Darling Ingredients by 45.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,172 shares of the company’s stock valued at $82,000 after purchasing an additional 674 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Darling Ingredients by 18.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,379 shares of the company’s stock valued at $725,000 after purchasing an additional 2,827 shares during the last quarter. 94.44% of the stock is 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.