Darling Ingredients Inc. (DAR) Stock Rating Upgraded by Zacks Investment Research
Darling Ingredients Inc. (NYSE:DAR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
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. “
Other analysts have also issued research reports about the stock. TheStreet upgraded shares of Darling Ingredients from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. Roth Capital set a $17.00 target price on shares of Darling Ingredients and gave the company a “buy” rating in a research note on Monday, March 20th. BMO Capital Markets reiterated a “buy” rating and set a $19.00 target price on shares of Darling Ingredients in a research note on Tuesday, May 16th. Canaccord Genuity reiterated a “buy” rating and set a $18.00 target price on shares of Darling Ingredients in a research note on Monday, May 15th. Finally, Robert W. Baird started coverage on shares of Darling Ingredients in a research note on Wednesday, March 22nd. They set an “outperform” rating and a $19.00 target price for the company. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $17.67.
Shares of Darling Ingredients (NYSE:DAR) traded down 0.85% during mid-day trading on Tuesday, reaching $16.40. 798,434 shares of the company were exchanged. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 25.27 and a beta of 1.61. Darling Ingredients has a 12 month low of $11.51 and a 12 month high of $16.75. The company’s 50-day moving average is $15.83 and its 200 day moving average is $14.22.
Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, May 11th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by $0.03. Darling Ingredients had a net margin of 3.06% and a return on equity of 5.15%. The business had revenue of $880.10 million for the quarter, compared to the consensus estimate of $842.52 million. During the same quarter in the previous year, the firm earned $0.01 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts predict that Darling Ingredients will post $0.52 EPS for the current year.
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In related news, CFO Patrick C. Lynch acquired 19,710 shares of Darling Ingredients stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average price of $15.20 per share, with a total value of $299,592.00. Following the completion of the acquisition, the chief financial officer now directly owns 110,138 shares of the company’s stock, valued at approximately $1,674,097.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Patrick C. Lynch acquired 18,337 shares of Darling Ingredients stock in a transaction that occurred on Tuesday, May 23rd. The stock was bought at an average cost of $16.39 per share, with a total value of $300,543.43. Following the acquisition, 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. In the last three months, insiders have bought 56,867 shares of company stock valued at $899,938. Corporate insiders own 1.95% of the company’s stock.
Large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Darling Ingredients by 7,798.7% in the first quarter. BlackRock Inc. now owns 20,437,790 shares of the company’s stock valued at $296,758,000 after buying an additional 20,179,041 shares during the last quarter. Norges Bank bought a new stake in Darling Ingredients during the fourth quarter valued at $31,718,000. Point72 Asset Management L.P. bought a new stake in Darling Ingredients during the first quarter valued at $14,819,000. Vanguard Group Inc. increased its stake in Darling Ingredients by 6.3% in the first quarter. Vanguard Group Inc. now owns 15,418,060 shares of the company’s stock valued at $223,870,000 after buying an additional 910,712 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Darling Ingredients by 6.7% in the first quarter. Dimensional Fund Advisors LP now owns 12,770,238 shares of the company’s stock valued at $185,423,000 after buying an additional 802,072 shares during the last quarter. 95.10% of the stock is owned by institutional investors and hedge funds.
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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