Darling Ingredients Inc. (NYSE:DAR) Lifted to “Strong-Buy” at BidaskClub
Darling Ingredients Inc. (NYSE:DAR) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.
Several other research analysts have also recently commented on the company. TheStreet upgraded Darling Ingredients from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. Canaccord Genuity reiterated a “buy” rating and issued a $18.00 price target on shares of Darling Ingredients in a research note on Monday, May 8th. Zacks Investment Research cut Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. Robert W. Baird assumed coverage on Darling Ingredients in a research note on Wednesday, March 22nd. They set an “outperform” rating and a $19.00 price objective on the stock. Finally, Roth Capital set a $17.00 price objective on Darling Ingredients and gave the company a “buy” rating in a research note on Monday, March 20th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Darling Ingredients presently has a consensus rating of “Buy” and an average target price of $17.67.
Darling Ingredients (NYSE DAR) traded up 0.44% during midday trading on Thursday, reaching $15.92. The company’s stock had a trading volume of 1,038,280 shares. The company has a market capitalization of $2.62 billion, a P/E ratio of 24.53 and a beta of 1.61. Darling Ingredients has a 1-year low of $11.51 and a 1-year high of $16.61. The company has a 50 day moving average of $15.83 and a 200-day moving average of $14.22.
Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, May 11th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Darling Ingredients had a return on equity of 5.15% and a net margin of 3.06%. The business had revenue of $880.10 million during the quarter, compared to analyst estimates of $842.52 million. During the same quarter last year, the firm posted $0.01 EPS. The company’s revenue was up 12.9% compared to the same quarter last year. Equities research analysts anticipate that Darling Ingredients will post $0.56 earnings per share for the current fiscal year.
In other news, CFO Patrick C. Lynch acquired 19,710 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were purchased at an average price of $15.20 per share, for a total transaction of $299,592.00. Following the completion of the purchase, the chief financial officer now directly owns 110,138 shares of the company’s stock, valued at approximately $1,674,097.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Patrick C. Lynch acquired 18,337 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were purchased at an average price of $16.39 per share, for a total transaction of $300,543.43. Following the purchase, the chief financial officer now directly owns 147,295 shares of the company’s stock, valued at $2,414,165.05. The disclosure for this purchase can be found here. Insiders have acquired 56,867 shares of company stock worth $899,938 in the last 90 days. 1.95% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Neuburgh Advisers LLC boosted its stake in shares of Darling Ingredients by 4.9% in the first quarter. Neuburgh Advisers LLC now owns 9,350 shares of the company’s stock worth $136,000 after buying an additional 440 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Darling Ingredients during the fourth quarter worth $123,000. Victory Capital Management Inc. bought a new stake in shares of Darling Ingredients during the first quarter worth $146,000. Miles Capital Inc. boosted its stake in shares of Darling Ingredients by 0.3% in the first quarter. Miles Capital Inc. now owns 10,112 shares of the company’s stock worth $147,000 after buying an additional 28 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in shares of Darling Ingredients by 0.9% in the first quarter. World Asset Management Inc now owns 10,474 shares of the company’s stock worth $152,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 95.18% of the company’s stock.
About Darling Ingredients
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.
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