Roth Capital set a $16.50 target price on Darling Ingredients Inc. (NYSE:DAR) in a research report report published on Monday morning. The brokerage currently has a a buy rating on the stock.

DAR has been the topic of several other reports. Goldman Sachs Group Inc. raised Darling Ingredients from a neutral rating to a buy rating and raised their price objective for the company from $16.00 to $18.00 in a research report on Wednesday, June 29th. Zacks Investment Research lowered Darling Ingredients from a hold rating to a sell rating in a research report on Monday, September 12th. TheStreet raised Darling Ingredients from a hold rating to a buy rating in a research report on Thursday, August 11th. BMO Capital Markets reissued an outperform rating and issued a $18.00 price objective on shares of Darling Ingredients in a research report on Friday, September 16th. Finally, JPMorgan Chase & Co. raised Darling Ingredients from a neutral rating to an overweight rating and raised their price objective for the company from $14.00 to $18.00 in a research report on Thursday, May 26th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Darling Ingredients presently has an average rating of Buy and an average price target of $16.94.

Shares of Darling Ingredients (NYSE:DAR) opened at 13.08 on Monday. The company has a 50 day moving average price of $14.15 and a 200-day moving average price of $14.23. The firm has a market capitalization of $2.15 billion, a PE ratio of 19.88 and a beta of 1.90. Darling Ingredients has a 12 month low of $7.78 and a 12 month high of $15.93.

Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, August 11th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $877.50 million for the quarter, compared to analyst estimates of $875.85 million. Darling Ingredients had a return on equity of 5.90% and a net margin of 3.27%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $0.02 EPS. Equities research analysts expect that Darling Ingredients will post $0.56 EPS for the current fiscal year.

In other news, EVP John Bullock sold 11,258 shares of Darling Ingredients stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $14.18, for a total transaction of $159,638.44. Following the sale, the executive vice president now directly owns 115,711 shares of the company’s stock, valued at $1,640,781.98. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.75% of the company’s stock.

Several hedge funds have recently made changes to their positions in DAR. 1st Global Advisors Inc. raised its stake 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 worth $160,000 after buying an additional 57 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Darling Ingredients by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 72,900 shares of the company’s stock worth $1,086,000 after buying an additional 200 shares during the last quarter. Acrospire Investment Management LLC raised its stake 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 worth $103,000 after buying an additional 600 shares during the last quarter. Aperio Group LLC raised its stake in shares of Darling Ingredients by 0.9% in the first quarter. Aperio Group LLC now owns 77,169 shares of the company’s stock worth $1,016,000 after buying an additional 705 shares during the last quarter. Finally, PineBridge Investments L.P. raised its stake in shares of Darling Ingredients by 4.0% in the second quarter. PineBridge Investments L.P. now owns 20,870 shares of the company’s stock worth $311,000 after buying an additional 811 shares during the last quarter. 95.37% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:DAR

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