Darling Ingredients Inc. (DAR) Upgraded to “Hold” by Zacks Investment Research
Darling Ingredients Inc. (NYSE:DAR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors 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 brokerages have also weighed in on DAR. Robert W. Baird reissued a “buy” rating and set a $20.00 price target on shares of Darling Ingredients in a research note on Tuesday, September 26th. Canaccord Genuity reissued a “buy” rating and set a $18.00 price target on shares of Darling Ingredients in a research note on Monday, September 25th. J P Morgan Chase & Co lowered Darling Ingredients from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $18.00 in a research note on Friday, October 6th. Roth Capital set a $20.00 price target on Darling Ingredients and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Finally, BidaskClub lowered Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.33.
Darling Ingredients (NYSE:DAR) last posted its earnings results on Tuesday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Darling Ingredients had a net margin of 1.76% and a return on equity of 2.96%. The company had revenue of $937.70 million during the quarter, compared to analysts’ expectations of $870.50 million. During the same period in the previous year, the company posted $0.17 EPS. Darling Ingredients’s quarterly revenue was up 9.8% compared to the same quarter last year. equities analysts expect that Darling Ingredients will post 0.24 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the business. Teachers Advisors LLC raised its position in shares of Darling Ingredients by 13.4% in the 1st quarter. Teachers Advisors LLC now owns 1,039,284 shares of the company’s stock worth $15,090,000 after buying an additional 122,598 shares during the period. California Public Employees Retirement System raised its position in shares of Darling Ingredients by 4.4% in the 1st quarter. California Public Employees Retirement System now owns 243,400 shares of the company’s stock worth $3,534,000 after buying an additional 10,200 shares during the period. UBS Group AG raised its position in shares of Darling Ingredients by 190.0% in the 1st quarter. UBS Group AG now owns 67,555 shares of the company’s stock worth $981,000 after buying an additional 44,264 shares during the period. Bank of America Corp DE raised its position in shares of Darling Ingredients by 43.7% in the 1st quarter. Bank of America Corp DE now owns 371,574 shares of the company’s stock worth $5,395,000 after buying an additional 113,044 shares during the period. Finally, State Street Corp raised its position in shares of Darling Ingredients by 5.5% in the 1st quarter. State Street Corp now owns 4,139,438 shares of the company’s stock worth $60,110,000 after buying an additional 214,226 shares during the period. 96.03% of the stock is currently owned by institutional investors.
Darling Ingredients Company Profile
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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