Darling Ingredients (NYSE:DAR) Stock Price Target Raised at JPMorgan Chase & Co.

Key Points

• JPMorgan raised Darling Ingredients’ price target from $82 to $83 and maintained an “overweight” rating, implying 35.4% upside from the prior close.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus rating and an average price target of $72.80; UBS and TD Cowen also recently increased their targets and maintained buy ratings.
• Darling Ingredients reported strong quarterly results, earning $2.41 per share versus the $1.40 consensus estimate, while revenue rose 16.4% year over year to $1.72 billion.

Darling Ingredients (NYSE:DAR - Get Free Report) had its target price hoisted by analysts at JPMorgan Chase & Co. from $82.00 to $83.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 35.40% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. Barclays upped their price objective on shares of Darling Ingredients from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. Weiss Ratings raised shares of Darling Ingredients from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Zacks Research downgraded Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 18th. UBS Group upped their target price on Darling Ingredients from $78.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, September 22nd. Finally, TD Cowen upped their target price on Darling Ingredients from $70.00 to $80.00 and gave the company a "buy" rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Darling Ingredients presently has an average rating of "Moderate Buy" and an average price target of $72.80.

Darling Ingredients Stock Up 1.7%

Darling Ingredients stock traded up $1.04 during trading on Monday, hitting $61.30. 462,005 shares of the company were exchanged, compared to its average volume of 2,596,843. The business's 50 day moving average is $63.65 and its 200 day moving average is $61.14. Darling Ingredients has a 52 week low of $29.15 and a 52 week high of $69.98. The company has a market capitalization of $9.67 billion, a P/E ratio of 16.49 and a beta of 1.04. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $1.40 by $1.01. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%. The business had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same period last year, the business earned $0.08 EPS. The business's revenue was up 16.4% on a year-over-year basis. Analysts predict that Darling Ingredients will post 7.05 earnings per share for the current year.

Insider Transactions at Darling Ingredients

In related news, EVP Patrick McNutt sold 8,000 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $67.09, for a total value of $536,720.00. Following the transaction, the executive vice president owned 35,777 shares in the company, valued at approximately $2,400,278.93. This represents a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles Adair acquired 1,000 shares of Darling Ingredients stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $60.97 per share, with a total value of $60,970.00. Following the completion of the acquisition, the director owned 51,690 shares of the company's stock, valued at $3,151,539.30. This trade represents a 1.97% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 10,591 shares of company stock worth $704,303 in the last ninety days. Company insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DAR. SJS Investment Consulting Inc. lifted its holdings in shares of 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 acquiring an additional 174 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new position in Darling Ingredients in the first quarter worth $47,000. Elevation Wealth Partners LLC increased its stake in Darling Ingredients by 2,474.3% in the third quarter. Elevation Wealth Partners LLC now owns 901 shares of the company's stock valued at $55,000 after acquiring an additional 866 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Darling Ingredients in the second quarter valued at $53,000. Finally, Basecamp Wealth Advisors LLC increased its stake in Darling Ingredients by 35.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company's stock valued at $64,000 after acquiring an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.

Darling Ingredients Company Profile

Darling Ingredients Inc is a global developer and producer of sustainable ingredients created from animal by-products, food waste and used cooking oil. The company collects and transforms these materials into products used in animal feed, pet food, agriculture, food, fuel and other industrial applications.

Its products include rendered fats and proteins, specialty feed ingredients, fertilizer inputs, collagen and gelatin, and bioenergy feedstocks. Through its renewable diesel operations, including the Diamond Green Diesel joint venture, Darling also converts low-carbon waste fats and oils into renewable fuel.

Founded in 1882, Darling Ingredients has grown from a U.S.

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