Darling Ingredients Inc. (DAR) Downgraded by TheStreet to “Hold”
Other equities research analysts have also issued research reports about the company. Roth Capital set a $16.50 target price on Darling Ingredients and gave the company a buy rating in a research report on Monday, September 19th. Canaccord Genuity reiterated a buy rating and issued a $18.00 target price on shares of Darling Ingredients in a research report on Wednesday, June 8th. Goldman Sachs Group Inc. upgraded Darling Ingredients from a neutral rating to a buy rating and upped their target price for the company from $16.00 to $18.00 in a research report on Wednesday, June 29th. Zacks Investment Research upgraded Darling Ingredients from a sell rating to a hold rating in a research report on Monday, September 5th. Finally, BMO Capital Markets reiterated an outperform rating and issued a $18.00 target price on shares of Darling Ingredients in a research report on Friday, September 16th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $16.94.
Shares of Darling Ingredients (NYSE:DAR) traded down 2.98% during trading on Thursday, hitting $13.33. 2,345,551 shares of the stock traded hands. The firm has a market cap 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. The stock has a 50 day moving average of $13.67 and a 200 day moving average of $14.32.
Darling Ingredients (NYSE:DAR) last issued its earnings results on Thursday, August 11th. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. The firm 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%. Darling Ingredients’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Analysts expect that Darling Ingredients will post $0.56 EPS for the current year.
In other news, EVP John Bullock sold 11,258 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $14.18, for a total transaction 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 filing with the SEC, which is available at this link. Insiders own 1.75% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nomura Holdings Inc. increased its position in shares of Darling Ingredients by 62.2% in the second quarter. Nomura Holdings Inc. now owns 25,200 shares of the company’s stock valued at $377,000 after buying an additional 9,663 shares during the last quarter. Mason Street Advisors LLC acquired a new position in shares of Darling Ingredients during the second quarter valued at $479,000. Public Employees Retirement System of Ohio increased its position in shares of Darling Ingredients by 9.7% in the second quarter. Public Employees Retirement System of Ohio now owns 12,604 shares of the company’s stock valued at $188,000 after buying an additional 1,111 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Darling Ingredients by 3.0% in the second quarter. Sterling Capital Management LLC now owns 80,319 shares of the company’s stock valued at $1,197,000 after buying an additional 2,376 shares during the last quarter. Finally, Amalgamated Bank increased its position in shares of Darling Ingredients by 9.3% in the second quarter. Amalgamated Bank now owns 19,392 shares of the company’s stock valued at $285,000 after buying an additional 1,654 shares during the last quarter. 95.37% of the stock is 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.
Receive News & Ratings for Darling Ingredients Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients Inc. and related companies with MarketBeat.com's FREE daily email newsletter.