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

Darling Ingredients (NYSE:DAR) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $66.00 to $62.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 50.56% from the company’s previous close.

Several other equities analysts have also issued reports on DAR. Scotiabank lowered their target price on shares of Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. Citigroup lifted their target price on shares of Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. BMO Capital Markets lowered their target price on shares of Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Stifel Nicolaus lowered their target price on shares of Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, April 8th. Finally, Stephens lowered their target price on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $72.55.

Darling Ingredients Stock Performance

Shares of DAR opened at $41.18 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.10. Darling Ingredients has a one year low of $38.97 and a one year high of $71.60. The company has a 50-day simple moving average of $43.83 and a two-hundred day simple moving average of $44.75. The firm has a market capitalization of $6.58 billion, a PE ratio of 10.35 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.12). Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.65 billion. On average, analysts anticipate that Darling Ingredients will post 3.41 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Kurt Stoffel bought 8,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was acquired at an average price of $41.62 per share, with a total value of $332,960.00. Following the transaction, the director now owns 10,571 shares in the company, valued at approximately $439,965.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Darling Ingredients

A number of large investors have recently added to or reduced their stakes in the stock. State of Michigan Retirement System boosted its stake in shares of Darling Ingredients by 2.1% during the 1st quarter. State of Michigan Retirement System now owns 43,074 shares of the company’s stock worth $2,003,000 after acquiring an additional 900 shares during the last quarter. Red Door Wealth Management LLC boosted its stake in shares of Darling Ingredients by 8.8% during the 1st quarter. Red Door Wealth Management LLC now owns 78,972 shares of the company’s stock worth $3,673,000 after acquiring an additional 6,407 shares during the last quarter. AMF Tjanstepension AB purchased a new position in shares of Darling Ingredients during the 1st quarter valued at $6,819,000. Overbrook Management Corp lifted its stake in shares of Darling Ingredients by 16.1% during the 1st quarter. Overbrook Management Corp now owns 247,566 shares of the company’s stock valued at $11,514,000 after buying an additional 34,300 shares in the last quarter. Finally, Riverview Trust Co purchased a new position in shares of Darling Ingredients during the 1st quarter valued at $55,000. Institutional investors own 94.44% of the company’s stock.

About Darling Ingredients

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.