Darling Ingredients (NYSE:DAR) Stock Price Expected to Rise, TD Cowen Analyst Says

Key Points

• TD Cowen raised its price target on Darling Ingredients from $58 to $72 and kept a "buy" rating, implying roughly a 19.33% upside; multiple brokers have raised targets and the consensus rating is "Buy" with a $67.40 consensus price target.
• Shares opened at $60.34, the company has a market cap of $9.58 billion, a price-to-earnings ratio of 154.71, and a 52-week range of $29.15–$64.90, reflecting significant recovery from the year low.
• CEO Randall C. Stuewe sold 20,000 shares in March (a 1.76% reduction in his position); insiders own about 1.90% of the stock while institutional investors hold roughly 94.44%.

Darling Ingredients (NYSE:DAR - Get Free Report) had its price target lifted by stock analysts at TD Cowen from $58.00 to $72.00 in a research report issued on Tuesday. The brokerage presently has a "buy" rating on the stock. TD Cowen's price objective points to a potential upside of 19.33% from the stock's current price.

A number of other research firms have also commented on DAR. JPMorgan Chase & Co. raised their price target on shares of Darling Ingredients from $59.00 to $69.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 24th. Scotiabank raised their price target 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. Wall Street Zen raised shares of Darling Ingredients from a "hold" rating to a "buy" rating in a research report on Saturday, April 18th. UBS Group raised their price target on shares of Darling Ingredients from $58.00 to $78.00 and gave the stock a "buy" rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Darling Ingredients in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $67.40.

Darling Ingredients Stock Performance

Shares of NYSE DAR opened at $60.34 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.50 and a quick ratio of 0.99. The stock's fifty day moving average price is $57.28 and its two-hundred day moving average price is $44.44. Darling Ingredients has a one year low of $29.15 and a one year high of $64.90. The firm has a market cap of $9.58 billion, a price-to-earnings ratio of 154.71 and a beta of 1.08.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.35 EPS for the quarter. Darling Ingredients had a return on equity of 2.36% and a net margin of 1.02%.The firm had revenue of $1.71 billion for the quarter. On average, equities analysts forecast that Darling Ingredients will post 3.63 EPS for the current year.

Insider Buying and Selling

In other Darling Ingredients news, CEO Randall C. Stuewe sold 20,000 shares of the firm's stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $52.12, for a total value of $1,042,400.00. Following the transaction, the chief executive officer directly owned 1,117,085 shares of the company's stock, valued at $58,222,470.20. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Darling Ingredients

A number of hedge funds have recently made changes to their positions in DAR. Norges Bank acquired a new stake in shares of Darling Ingredients in the 4th quarter valued at approximately $94,211,000. No Street GP LP acquired a new stake in shares of Darling Ingredients in the 3rd quarter valued at approximately $69,458,000. Assenagon Asset Management S.A. boosted its stake in shares of Darling Ingredients by 72.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,091,960 shares of the company's stock valued at $129,388,000 after purchasing an additional 882,185 shares in the last quarter. Rubric Capital Management LP acquired a new stake in shares of Darling Ingredients in the 4th quarter valued at approximately $24,510,000. Finally, Amundi boosted its stake in shares of Darling Ingredients by 177.7% in the 4th quarter. Amundi now owns 864,400 shares of the company's stock valued at $31,119,000 after purchasing an additional 553,081 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

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.

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