Darling Ingredients Inc. (NYSE:DAR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.
According to Zacks, “Darling Ingredients Inc. is a provider of rendering, cooking oil and bakery waste recycling and recovery solutions. It collects and transforms all aspects of animal by-product streams into broadly used and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstock, green energy, natural casings and hides. The Company also provides grease trap services to food service establishments, environmental services to food processors and sells restaurant cooking oil delivery and collection equipment. Darling Ingredients Inc., formerly known as Darling International Inc., is headquartered in Irving, Texas. “
A number of other equities analysts also recently weighed in on the stock. TheStreet downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Thursday, October 6th. Roth Capital set a $16.50 price target on shares of Darling Ingredients and gave the company a “buy” rating in a research report on Monday, September 19th. BMO Capital Markets reissued an “outperform” rating and set a $18.00 price target on shares of Darling Ingredients in a research report on Friday, September 16th. Canaccord Genuity set a $18.00 price target on shares of Darling Ingredients and gave the company a “buy” rating in a research report on Thursday, September 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Darling Ingredients from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, August 15th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $16.94.
Darling Ingredients (NYSE:DAR) traded up 0.08% during trading on Monday, reaching $13.33. The company had a trading volume of 954,394 shares. The firm’s 50 day moving average price is $13.57 and its 200 day moving average price is $14.34. The firm has a market capitalization of $2.19 billion, a PE ratio of 20.26 and a beta of 1.77. Darling Ingredients has a 12-month low of $7.78 and a 12-month high of $15.93.
Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, August 11th. The company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. Darling Ingredients had a net margin of 3.27% and a return on equity of 5.90%. The business earned $877.50 million during the quarter, compared to the consensus estimate of $875.85 million. During the same quarter last year, the firm earned $0.02 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts forecast that Darling Ingredients will post $0.56 EPS for the current year.
In related news, EVP John Bullock sold 11,258 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $14.18, for a total value of $159,638.44. Following the sale, the executive vice president now owns 115,711 shares in the company, valued at $1,640,781.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.75% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of DAR. Acrospire Investment Management LLC boosted its position in shares of Darling Ingredients by 9.5% in the second quarter. Acrospire Investment Management LLC now owns 6,900 shares of the company’s stock valued at $103,000 after buying an additional 600 shares in the last quarter. 1st Global Advisors Inc. boosted its position in shares of Darling Ingredients by 0.5% in the second quarter. 1st Global Advisors Inc. now owns 10,717 shares of the company’s stock valued at $160,000 after buying an additional 57 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Darling Ingredients during the second quarter valued at $164,000. Pinkerton Retirement Specialists LLC acquired a new position in shares of Darling Ingredients during the second quarter valued at $178,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Darling Ingredients by 9.7% in the second quarter. Public Employees Retirement System of Ohio now owns 12,604 shares of the company’s stock valued at $188,000 after buying an additional 1,111 shares in the last quarter. Institutional investors own 95.35% of the company’s stock.
About Darling Ingredients
Darling Ingredients Inc, formerly Darling International Inc, is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Company offers a range of ingredients and specialty solutions for customers in the food, pet food, pharmaceutical, feed, fuel, bioenergy and fertilizer industries.
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