Darling Ingredients Inc. (DAR) Downgraded to “Sell” at Zacks Investment Research
Zacks Investment Research downgraded shares of Darling Ingredients Inc. (NYSE:DAR) from a buy rating to a sell rating in a report published 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. “
Other research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Darling Ingredients from a strong-buy rating to a buy rating in a research note on Friday, July 28th. J P Morgan Chase & Co set a $19.00 price objective on shares of Darling Ingredients and gave the company a buy rating in a research note on Monday, August 14th. Robert W. Baird reiterated a buy rating and set a $20.00 price objective on shares of Darling Ingredients in a research note on Tuesday, September 26th. Finally, Canaccord Genuity reiterated a buy rating and set a $18.00 price objective on shares of Darling Ingredients in a research note on Monday, September 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Darling Ingredients presently has an average rating of Hold and a consensus price target of $18.50.
Shares of Darling Ingredients (DAR) traded down 0.42% during trading on Monday, reaching $16.65. 37,022 shares of the company’s stock traded hands. Darling Ingredients has a 1-year low of $11.51 and a 1-year high of $18.65. The stock has a 50-day moving average of $17.59 and a 200-day moving average of $16.23. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 32.71 and a beta of 1.57.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.05). Darling Ingredients had a net margin of 2.39% and a return on equity of 3.99%. The company had revenue of $896.30 million for the quarter, compared to the consensus estimate of $890.91 million. During the same quarter last year, the company earned $0.19 earnings per share. The company’s revenue was up 2.2% compared to the same quarter last year. On average, equities analysts predict that Darling Ingredients will post $0.39 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Shufro Rose & Co. LLC lifted its position in shares of Darling Ingredients by 0.4% in the 2nd quarter. Shufro Rose & Co. LLC now owns 27,457 shares of the company’s stock worth $432,000 after buying an additional 100 shares during the last quarter. World Asset Management Inc lifted its position in shares of Darling Ingredients by 2.3% in the 2nd quarter. World Asset Management Inc now owns 10,711 shares of the company’s stock worth $169,000 after buying an additional 237 shares during the last quarter. Amalgamated Bank lifted its position in shares of Darling Ingredients by 1.4% in the 2nd quarter. Amalgamated Bank now owns 22,413 shares of the company’s stock worth $353,000 after buying an additional 304 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Darling Ingredients by 2.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 13,252 shares of the company’s stock worth $192,000 after buying an additional 335 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Darling Ingredients by 1.9% in the 2nd quarter. US Bancorp DE now owns 27,259 shares of the company’s stock worth $429,000 after buying an additional 500 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.
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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