Darling Ingredients (NYSE:DAR) Sets New 1-Year High After Analyst Upgrade

Shares of Darling Ingredients Inc. (NYSE:DAR) reached a new 52-week high during trading on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $44.00 to $46.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Darling Ingredients traded as high as $42.87 and last traded at $41.8050, with a volume of 883 shares traded. The stock had previously closed at $41.62.

DAR has been the subject of a number of other research reports. Piper Sandler lowered their price objective on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Jefferies Financial Group upped their price objective on shares of Darling Ingredients from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 12th. UBS Group set a $50.00 target price on shares of Darling Ingredients in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Darling Ingredients in a research report on Wednesday, October 8th. Finally, TD Cowen raised shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.33.

Institutional Trading of Darling Ingredients

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. grew its position in shares of Darling Ingredients by 609.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after acquiring an additional 561 shares in the last quarter. Danske Bank A S acquired a new position in shares of Darling Ingredients during the third quarter worth approximately $25,000. Sound Income Strategies LLC bought a new position in shares of Darling Ingredients in the third quarter worth $29,000. Abich Financial Wealth Management LLC acquired a new position in shares of Darling Ingredients during the third quarter valued at $37,000. Finally, EverSource Wealth Advisors LLC increased its stake in Darling Ingredients by 681.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock valued at $39,000 after buying an additional 886 shares during the period. Institutional investors own 94.44% of the company’s stock.

Darling Ingredients Price Performance

The company has a current ratio of 1.49, a quick ratio of 0.87 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $6.61 billion, a P/E ratio of 62.39, a P/E/G ratio of 0.49 and a beta of 1.25. The business’s 50-day simple moving average is $36.47 and its 200 day simple moving average is $34.11.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, October 23rd. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm 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%.The business’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. As a group, sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

About Darling Ingredients

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.