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 research note issued to investors 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. “
A number of other research analysts also recently commented on the stock. Roth Capital set a $16.50 target price on shares of Darling Ingredients and gave the company a “buy” rating in a research report on Monday, September 19th. TheStreet downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research report on Thursday, October 6th. BMO Capital Markets reissued an “outperform” rating and set a $18.00 target price on shares of Darling Ingredients in a research report on Friday, September 16th. Canaccord Genuity set a $18.00 target price on shares of Darling Ingredients and gave the company a “buy” rating in a research report on Thursday, September 15th. Finally, JPMorgan Chase & Co. cut their target price on shares of Darling Ingredients from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Monday, August 15th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Darling Ingredients presently has an average rating of “Buy” and a consensus price target of $16.94.
Darling Ingredients (NYSE:DAR) traded down 2.91% on Tuesday, hitting $13.69. 1,267,356 shares of the stock traded hands. The company has a market capitalization of $2.25 billion, a PE ratio of 15.42 and a beta of 1.86. Darling Ingredients has a 12 month low of $7.78 and a 12 month high of $15.93. The firm has a 50-day moving average price of $13.58 and a 200-day moving average price of $14.31.
Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, November 10th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $853.90 million for the quarter, compared to the consensus estimate of $858.92 million. Darling Ingredients had a net margin of 4.40% and a return on equity of 7.34%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) EPS. Analysts forecast that Darling Ingredients will post $0.56 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in DAR. Strs Ohio boosted its stake in Darling Ingredients by 425.0% in the second quarter. Strs Ohio now owns 65,100 shares of the company’s stock worth $969,000 after buying an additional 52,700 shares during the period. Louisiana State Employees Retirement System boosted its stake in Darling Ingredients by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 72,900 shares of the company’s stock worth $1,086,000 after buying an additional 200 shares during the period. Bank of Montreal Can bought a new stake in Darling Ingredients during the second quarter worth approximately $7,249,000. Shell Asset Management Co. bought a new stake in Darling Ingredients during the second quarter worth approximately $1,663,000. Finally, Meeder Asset Management Inc. bought a new stake in Darling Ingredients during the second quarter worth approximately $302,000. 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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