Citigroup Lowers Darling Ingredients (NYSE:DAR) Price Target to $44.00

Darling Ingredients (NYSE:DAR - Get Free Report) had its target price reduced by equities researchers at Citigroup from $46.00 to $44.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price objective indicates a potential upside of 17.32% from the company's previous close.

A number of other research analysts have also weighed in on the stock. Stephens reaffirmed an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. Jefferies Financial Group lifted their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the company a "buy" rating in a report on Friday, October 25th. Piper Sandler lowered their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Darling Ingredients currently has a consensus rating of "Moderate Buy" and an average target price of $53.22.

Darling Ingredients Stock Up 2.3 %

DAR traded up $0.86 during trading on Wednesday, reaching $37.51. The company had a trading volume of 2,805,915 shares, compared to its average volume of 1,725,093. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. Darling Ingredients has a 12 month low of $32.55 and a 12 month high of $48.39. The business's fifty day moving average price is $35.82 and its 200 day moving average price is $37.48. The company has a market cap of $5.97 billion, a P/E ratio of 23.15 and a beta of 1.21.

Hedge Funds Weigh In On Darling Ingredients

A number of institutional investors have recently added to or reduced their stakes in DAR. Algert Global LLC increased its holdings in shares of Darling Ingredients by 266.6% in the third quarter. Algert Global LLC now owns 103,871 shares of the company's stock valued at $3,860,000 after purchasing an additional 75,540 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Darling Ingredients by 23.2% in the third quarter. Natixis Advisors LLC now owns 107,913 shares of the company's stock valued at $4,010,000 after acquiring an additional 20,323 shares during the period. Erste Asset Management GmbH bought a new stake in Darling Ingredients during the third quarter worth about $30,545,000. Jennison Associates LLC lifted its position in Darling Ingredients by 4.1% during the third quarter. Jennison Associates LLC now owns 1,093,516 shares of the company's stock worth $40,635,000 after purchasing an additional 42,921 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Darling Ingredients by 203.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock worth $62,134,000 after purchasing an additional 1,235,985 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

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.