Darling Ingredients Inc. (NYSE:DAR) has been given a consensus recommendation of “Buy” by the nine analysts that are covering the firm. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $17.50.
Several research firms have commented on DAR. JPMorgan Chase & Co. dropped their price objective on shares of Darling Ingredients from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Monday, August 15th. TheStreet raised shares of Darling Ingredients from a “hold” rating to a “buy” rating in a report on Thursday, August 11th. Zacks Investment Research downgraded shares of Darling Ingredients from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Canaccord Genuity set a $18.00 price objective on shares of Darling Ingredients and gave the company a “buy” rating in a report on Thursday, September 15th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $18.00 price target on shares of Darling Ingredients in a report on Friday, September 16th.
Shares of Darling Ingredients (NYSE:DAR) traded down 0.488% during midday trading on Monday, hitting $13.255. 250,416 shares of the company traded hands. The stock has a market capitalization of $2.18 billion, a PE ratio of 20.144 and a beta of 1.77. The stock has a 50 day moving average of $13.57 and a 200-day moving average of $14.34. Darling Ingredients has a 52 week low of $7.78 and a 52 week high of $15.93.
Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The business had revenue of $877.50 million for the quarter, compared to the consensus estimate of $875.85 million. Darling Ingredients had a net margin of 3.27% and a return on equity of 5.90%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 earnings per share. Equities analysts forecast that Darling Ingredients will post $0.56 earnings per share for the current fiscal year.
In related news, EVP John Bullock sold 11,258 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $14.18, for a total value 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 SEC, which can be accessed through the SEC website. 1.75% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its position in Darling Ingredients by 9.5% in the second quarter. Acrospire Investment Management LLC now owns 6,900 shares of the company’s stock valued at $103,000 after buying an additional 600 shares during the period. 1st Global Advisors Inc. boosted its position in Darling Ingredients by 0.5% in the second quarter. 1st Global Advisors Inc. now owns 10,717 shares of the company’s stock valued at $160,000 after buying an additional 57 shares during the period. GSA Capital Partners LLP bought a new position in Darling Ingredients during the second quarter valued at $164,000. Pinkerton Retirement Specialists LLC bought a new position in Darling Ingredients during the second quarter valued at $178,000. Finally, Public Employees Retirement System of Ohio boosted its position in 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 period. Institutional investors own 95.35% 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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