Darling Ingredients’ (DAR) Outperform Rating Reiterated at BMO Capital Markets
Other analysts have also issued research reports about the stock. Canaccord Genuity set a $18.00 price objective on shares of Darling Ingredients and gave the stock a buy rating in a research note on Thursday, September 15th. Goldman Sachs Group Inc. upgraded shares of Darling Ingredients from a neutral rating to a buy rating and increased their price objective for the stock from $16.00 to $18.00 in a research note on Wednesday, June 29th. TheStreet upgraded shares of Darling Ingredients from a hold rating to a buy rating in a research note on Thursday, August 11th. Zacks Investment Research upgraded shares of Darling Ingredients from a sell rating to a hold rating in a research report on Monday, September 5th. Finally, JPMorgan Chase & Co. upgraded shares of Darling Ingredients from a neutral rating to an overweight rating and raised their price target for the company from $14.00 to $18.00 in a research report on Thursday, May 26th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $16.94.
Shares of Darling Ingredients (NYSE:DAR) opened at 12.87 on Friday. The firm has a 50-day moving average of $14.20 and a 200 day moving average of $14.24. Darling Ingredients has a 52 week low of $7.78 and a 52 week high of $15.93. The stock has a market cap of $2.12 billion, a PE ratio of 19.56 and a beta of 1.90.
Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. The firm had revenue of $877.50 million for the quarter, compared to analyst estimates of $875.85 million. Darling Ingredients had a net margin of 3.27% and a return on equity of 5.90%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 earnings per share. On average, equities analysts forecast that Darling Ingredients will post $0.56 EPS for the current fiscal year.
In other news, EVP John Bullock sold 11,258 shares of Darling Ingredients stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $14.18, for a total value of $159,638.44. Following the sale, the executive vice president now owns 115,711 shares in the company, valued at $1,640,781.98. The sale 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 insiders.
Hedge funds have recently made changes to their positions in the stock. BlackRock Fund Advisors raised its stake in shares of Darling Ingredients by 1.1% in the first quarter. BlackRock Fund Advisors now owns 10,529,345 shares of the company’s stock valued at $138,671,000 after buying an additional 112,580 shares during the period. BlackRock Group LTD increased its position in Darling Ingredients by 11.6% in the first quarter. BlackRock Group LTD now owns 227,972 shares of the company’s stock valued at $3,002,000 after buying an additional 23,654 shares in the last quarter. BlackRock Inc. increased its position in Darling Ingredients by 114.0% in the first quarter. BlackRock Inc. now owns 16,659 shares of the company’s stock valued at $220,000 after buying an additional 8,873 shares in the last quarter. Prudential Financial Inc. increased its position in Darling Ingredients by 91.5% in the first quarter. Prudential Financial Inc. now owns 937,511 shares of the company’s stock valued at $12,347,000 after buying an additional 447,900 shares in the last quarter. Finally, Teachers Advisors Inc. increased its position in Darling Ingredients by 14.2% in the first quarter. Teachers Advisors Inc. now owns 1,308,009 shares of the company’s stock valued at $17,226,000 after buying an additional 162,450 shares in the last quarter. Institutional investors and hedge funds 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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