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 research analysts have also weighed in on DAR. 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. TheStreet raised Darling Ingredients from a hold rating to a buy rating in a research report on Thursday, August 11th. Canaccord Genuity reaffirmed a buy rating and set a $18.00 price objective on shares of Darling Ingredients in a research report on Wednesday, June 8th. BMO Capital Markets reaffirmed an outperform rating and set a $18.00 price objective on shares of Darling Ingredients in a research report on Friday, September 16th. Finally, Roth Capital set a $16.50 price objective on Darling Ingredients and gave the company a buy rating in a research report on Monday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $16.94.
Darling Ingredients (NYSE:DAR) opened at 13.29 on Monday. Darling Ingredients has a 12 month low of $7.78 and a 12 month high of $15.93. The stock has a market cap of $2.19 billion, a PE ratio of 20.20 and a beta of 1.90. The stock’s 50 day moving average price is $14.10 and its 200-day moving average price is $14.22.
Darling Ingredients (NYSE:DAR) last released 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 company earned $877.50 million during the quarter, compared to analysts’ expectations of $875.85 million. Darling Ingredients had a return on equity of 5.90% and a net margin of 3.27%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 EPS. Analysts anticipate that Darling Ingredients will post $0.56 EPS for the current fiscal year.
In related news, EVP John Bullock sold 11,258 shares of Darling Ingredients stock in a transaction 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 transaction, the executive vice president now directly owns 115,711 shares in the company, valued at $1,640,781.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.75% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in DAR. Nomura Holdings Inc. increased its position in 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 period. Mason Street Advisors LLC acquired a new position in shares of Darling Ingredients during the second quarter valued at approximately $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. Institutional investors own 95.37% of the company’s stock.
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.
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