Darling Ingredients Inc. (NYSE:DAR) has been assigned a consensus rating of “Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $18.00.
A number of research firms recently weighed in on DAR. Zacks Investment Research downgraded Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Monday, May 22nd. Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 price objective on shares of Darling Ingredients in a report on Monday, May 8th. BMO Capital Markets reaffirmed a “buy” rating and set a $19.00 price objective on shares of Darling Ingredients in a report on Tuesday, May 16th. TheStreet raised Darling Ingredients from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. Finally, Roth Capital set a $17.00 price objective on Darling Ingredients and gave the stock a “buy” rating in a report on Monday, March 20th.
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Shares of Darling Ingredients (NYSE:DAR) traded down 2.90% on Tuesday, hitting $15.72. The stock had a trading volume of 1,765,193 shares. The firm’s 50-day moving average is $15.68 and its 200-day moving average is $14.08. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 24.22 and a beta of 1.69. Darling Ingredients has a one year low of $11.51 and a one year high of $16.61.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, May 11th. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $842.52 million. During the same quarter last year, the firm earned $0.01 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, analysts expect that Darling Ingredients will post $0.56 EPS for the current fiscal year.
In other 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 purchased at an average cost of $15.20 per share, with a total value of $299,592.00. Following the completion of the acquisition, the chief financial officer now owns 110,138 shares in the company, valued at approximately $1,674,097.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Patrick C. Lynch acquired 18,820 shares of Darling Ingredients stock in a transaction that occurred on Friday, May 19th. The shares were purchased at an average cost of $15.93 per share, with a total value of $299,802.60. Following the completion of the acquisition, the chief financial officer now owns 128,958 shares of the company’s stock, valued at approximately $2,054,300.94. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 56,867 shares of company stock valued at $899,938. 1.95% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of Darling Ingredients by 2.6% in the first quarter. Public Employees Retirement System of Ohio now owns 13,252 shares of the company’s stock valued at $192,000 after buying an additional 335 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Darling Ingredients during the first quarter valued at about $14,819,000. Bragg Financial Advisors Inc boosted its position in shares of Darling Ingredients by 0.7% in the first quarter. Bragg Financial Advisors Inc now owns 159,245 shares of the company’s stock valued at $2,312,000 after buying an additional 1,120 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Darling Ingredients by 9.1% in the first quarter. HighTower Advisors LLC now owns 17,394 shares of the company’s stock valued at $250,000 after buying an additional 1,444 shares in the last quarter. Finally, Gareth Morgan Investments Limited Partnership boosted its position in shares of Darling Ingredients by 0.7% in the first quarter. Gareth Morgan Investments Limited Partnership now owns 185,632 shares of the company’s stock valued at $2,695,000 after buying an additional 1,215 shares in the last quarter. 95.95% of the stock is owned by hedge funds and other 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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