TheStreet Downgrades Darling Ingredients Inc. (DAR) to Hold
Darling Ingredients Inc. (NYSE:DAR) was downgraded by equities research analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued on Thursday.
DAR has been the subject of a number of other research reports. Canaccord Genuity set a $18.00 target price on Darling Ingredients and gave the stock a “buy” rating in a research report on Thursday, September 15th. Zacks Investment Research cut Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Monday, September 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a $18.00 target price on shares of Darling Ingredients in a research report on Friday, September 16th. JPMorgan Chase & Co. reduced their target price on Darling Ingredients from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Monday, August 15th. Finally, Roth Capital set a $16.50 price target on Darling Ingredients and gave the company a “buy” rating in a research note on Monday, September 19th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $16.94.
Darling Ingredients (NYSE:DAR) traded down 2.98% during trading on Thursday, reaching $13.33. 2,345,551 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $13.67 and its 200-day moving average price is $14.32. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 20.26 and a beta of 1.77. Darling Ingredients has a 52-week low of $7.78 and a 52-week high of $15.93.
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Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, August 11th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The firm earned $877.50 million during the quarter, compared to analysts’ expectations of $875.85 million. Darling Ingredients had a return on equity of 5.90% and a net margin of 3.27%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 earnings per share. Equities analysts expect that Darling Ingredients will post $0.56 earnings per share for the current year.
In other Darling Ingredients news, EVP John Bullock sold 11,258 shares of Darling Ingredients stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $14.18, for a total value of $159,638.44. Following the completion of the transaction, the executive vice president now directly owns 115,711 shares of the company’s stock, valued at approximately $1,640,781.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.75% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in 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 Darling Ingredients by 0.5% in the second quarter. 1st Global Advisors Inc. now owns 10,717 shares of the company’s stock worth $160,000 after buying an additional 57 shares during the period. GSA Capital Partners LLP acquired a new position in Darling Ingredients during the second quarter worth approximately $164,000. Pinkerton Retirement Specialists LLC acquired a new position in Darling Ingredients during the second quarter worth approximately $178,000. Finally, American Financial Group Inc. acquired a new position in Darling Ingredients during the first quarter worth approximately $159,000. 95.37% of the stock is owned by hedge funds and other institutional investors.
Darling Ingredients Company Profile
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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