Darling Ingredients (NYSE:DAR) Price Target Lowered to $62.00 at JPMorgan Chase & Co.

Darling Ingredients (NYSE:DAR - Free Report) had its price target lowered by JPMorgan Chase & Co. from $66.00 to $62.00 in a research note published on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages have also recently issued reports on DAR. Citigroup increased their target price on Darling Ingredients from $46.00 to $48.00 and gave the company a neutral rating in a research report on Wednesday, April 3rd. Stifel Nicolaus lowered their price objective on Darling Ingredients from $95.00 to $90.00 and set a buy rating for the company in a research report on Monday, April 8th. Scotiabank lowered their price objective on Darling Ingredients from $73.00 to $57.00 and set a sector outperform rating for the company in a research report on Thursday, April 11th. BMO Capital Markets lowered their price objective on Darling Ingredients from $60.00 to $57.00 and set an outperform rating for the company in a research report on Thursday, February 29th. Finally, Stephens reduced their target price on Darling Ingredients from $55.00 to $50.00 and set an equal weight rating for the company in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Darling Ingredients has a consensus rating of Moderate Buy and an average price target of $72.55.

Darling Ingredients Stock Down 1.3 %

NYSE DAR traded down $0.53 during midday trading on Wednesday, hitting $41.18. 2,622,309 shares of the company traded hands, compared to its average volume of 2,055,208. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.10. The company has a market cap of $6.58 billion, a PE ratio of 10.35 and a beta of 1.29. The company's 50-day simple moving average is $43.83 and its 200-day simple moving average is $44.75. Darling Ingredients has a 52 week low of $38.97 and a 52 week high of $71.60.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.12). The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.65 billion. Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. As a group, equities research analysts forecast that Darling Ingredients will post 3.41 earnings per share for the current year.

Insider Buying and Selling at Darling Ingredients

In related news, Director Kurt Stoffel acquired 8,000 shares of Darling Ingredients stock in a transaction on Thursday, February 29th. The stock was acquired at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the purchase, the director now owns 10,571 shares of the company's stock, valued at approximately $439,965.02. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.62% of the company's stock.

Hedge Funds Weigh In On Darling Ingredients

Several institutional investors and hedge funds have recently modified their holdings of DAR. HighTower Advisors LLC increased its stake in shares of Darling Ingredients by 97.9% in the 1st quarter. HighTower Advisors LLC now owns 14,145 shares of the company's stock valued at $1,133,000 after purchasing an additional 6,999 shares in the last quarter. Bank of Montreal Can boosted its holdings in Darling Ingredients by 20.4% in the 1st quarter. Bank of Montreal Can now owns 21,054 shares of the company's stock worth $1,697,000 after buying an additional 3,563 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Darling Ingredients in the 1st quarter worth about $141,000. Panagora Asset Management Inc. acquired a new stake in Darling Ingredients in the 1st quarter worth about $447,000. Finally, Great West Life Assurance Co. Can boosted its holdings in Darling Ingredients by 8.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 89,124 shares of the company's stock worth $7,366,000 after buying an additional 6,770 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 develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.