Darling Ingredients Inc. (NYSE:DAR – Get Free Report)’s stock price hit a new 52-week low on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $91.00 to $76.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Darling Ingredients traded as low as $43.57 and last traded at $43.57, with a volume of 1693730 shares trading hands. The stock had previously closed at $45.68.
A number of other brokerages also recently weighed in on DAR. Stephens reiterated an “equal weight” rating and issued a $65.00 price target on shares of Darling Ingredients in a research report on Wednesday, August 9th. Piper Sandler dropped their target price on shares of Darling Ingredients from $97.00 to $89.00 and set an “overweight” rating on the stock in a report on Tuesday, October 10th. Tudor, Pickering, Holt & Co. downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Jefferies Financial Group dropped their target price on shares of Darling Ingredients from $85.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, October 9th. Finally, Stifel Nicolaus decreased their price target on shares of Darling Ingredients from $120.00 to $118.00 and set a “buy” rating for the company in a research note on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Darling Ingredients presently has an average rating of “Moderate Buy” and an average target price of $87.10.
View Our Latest Research Report on DAR
Insider Transactions at Darling Ingredients
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich raised its stake in Darling Ingredients by 98,451.5% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 591,351,410 shares of the company’s stock valued at $37,722,306,000 after purchasing an additional 590,751,367 shares in the last quarter. Moneta Group Investment Advisors LLC raised its stake in Darling Ingredients by 107,533.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,663,509 shares of the company’s stock valued at $479,659,000 after purchasing an additional 7,656,389 shares in the last quarter. State Street Corp raised its stake in Darling Ingredients by 1.4% in the second quarter. State Street Corp now owns 4,617,316 shares of the company’s stock valued at $276,115,000 after purchasing an additional 61,858 shares in the last quarter. Impax Asset Management Group plc grew its position in Darling Ingredients by 0.6% in the second quarter. Impax Asset Management Group plc now owns 4,149,571 shares of the company’s stock valued at $263,705,000 after acquiring an additional 24,354 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in Darling Ingredients by 5.2% in the second quarter. Handelsbanken Fonder AB now owns 3,982,266 shares of the company’s stock valued at $254,029,000 after acquiring an additional 196,700 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.
Darling Ingredients Stock Performance
The company has a debt-to-equity ratio of 1.00, a current ratio of 1.85 and a quick ratio of 1.04. The stock has a 50-day simple moving average of $55.86 and a 200-day simple moving average of $60.29. The stock has a market cap of $6.89 billion, a P/E ratio of 8.96 and a beta of 1.27.
Darling Ingredients (NYSE:DAR – Get Free Report) last released its earnings results on Tuesday, August 8th. The company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.02). Darling Ingredients had a net margin of 11.12% and a return on equity of 20.15%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The business’s revenue was up 6.5% on a year-over-year basis. Research analysts forecast that Darling Ingredients Inc. will post 5.33 earnings per share for the current year.
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.
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