Darling Ingredients Inc. (DAR) Upgraded at Zacks Investment Research
Darling Ingredients Inc. (NYSE:DAR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.
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 analysts have also issued reports about the stock. Roth Capital set a $16.50 price target on shares of Darling Ingredients and gave the stock a “buy” rating in a research note on Monday, September 19th. JPMorgan Chase & Co. cut their price target on shares of Darling Ingredients from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, August 15th. TheStreet lowered shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Thursday, October 6th. Canaccord Genuity set a $18.00 price target on shares of Darling Ingredients and gave the stock a “buy” rating in a research note on Tuesday, November 8th. Finally, BMO Capital Markets restated an “outperform” rating and set a $18.00 target price on shares of Darling Ingredients in a research note on Friday, September 16th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $16.94.
Shares of Darling Ingredients (NYSE:DAR) traded down 2.91% during mid-day trading on Tuesday, reaching $13.69. 1,267,356 shares of the company’s stock traded hands. Darling Ingredients has a one year low of $7.78 and a one year high of $15.93. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 15.42 and a beta of 1.86. The firm’s 50-day moving average is $13.58 and its 200 day moving average is $14.31.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, November 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $853.90 million for the quarter, compared to analyst estimates of $858.92 million. Darling Ingredients had a net margin of 4.40% and a return on equity of 7.34%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) earnings per share. Analysts predict that Darling Ingredients will post $0.56 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in DAR. Acrospire Investment Management LLC raised its position in shares of 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 in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Darling Ingredients during the third quarter valued at approximately $115,000. Advisor Group Inc. raised its position in shares of Darling Ingredients by 66.5% in the third quarter. Advisor Group Inc. now owns 9,703 shares of the company’s stock valued at $131,000 after buying an additional 3,877 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Darling Ingredients by 182.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,605 shares of the company’s stock valued at $143,000 after buying an additional 6,848 shares in the last quarter. Finally, World Asset Management Inc bought a new position in shares of Darling Ingredients during the third quarter valued at approximately $148,000. Institutional investors own 95.08% 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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