Darling Ingredients (NYSE:DAR – Get Free Report) had its target price upped by equities researchers at TD Cowen from $70.00 to $80.00 in a research report issued on Monday, Marketbeat reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target would suggest a potential upside of 28.16% from the company’s previous close.
A number of other equities analysts have also issued reports on the stock. Stephens raised their target price on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Sunday, July 5th. Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Scotiabank raised their price objective on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group lifted their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus target price of $68.73.
Read Our Latest Stock Analysis on Darling Ingredients
Darling Ingredients Stock Down 0.1%
Darling Ingredients (NYSE:DAR – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.27. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Darling Ingredients had a return on equity of 5.65% and a net margin of 3.54%.The business’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.16) EPS. Analysts anticipate that Darling Ingredients will post 5.04 EPS for the current year.
Insider Activity
In other news, CAO Joseph Manzi sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.90% of the company’s stock.
Hedge Funds Weigh In On Darling Ingredients
Several institutional investors have recently bought and sold shares of DAR. SJS Investment Consulting Inc. raised its position 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 buying an additional 174 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Darling Ingredients by 227.2% in the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after acquiring an additional 509 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new stake in shares of Darling Ingredients in the first quarter valued at about $47,000. Litman Gregory Wealth Management LLC acquired a new position in shares of Darling Ingredients during the fourth quarter worth about $29,000. Finally, Danske Bank A S purchased a new position in Darling Ingredients during the third quarter worth about $25,000. 94.44% of the stock is owned by institutional investors and hedge funds.
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.
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