Darling Ingredients’ (DAR) Outperform Rating Reiterated at BMO Capital Markets
BMO Capital Markets reaffirmed their outperform rating on shares of Darling Ingredients Inc. (NYSE:DAR) in a research note released on Friday morning. BMO Capital Markets currently has a $18.00 target price on the stock.
Other analysts also recently issued research reports about the stock. Goldman Sachs Group Inc. upgraded shares of Darling Ingredients from a neutral rating to a buy rating and upped their price target for the company from $16.00 to $18.00 in a research report on Wednesday, June 29th. Zacks Investment Research upgraded shares of Darling Ingredients from a sell rating to a hold rating in a research report on Tuesday, June 14th. JPMorgan Chase & Co. reduced their price target on shares of Darling Ingredients from $18.00 to $17.00 and set an overweight rating for the company in a research report on Monday, August 15th. TheStreet upgraded shares of Darling Ingredients from a hold rating to a buy rating in a research report on Thursday, August 11th. Finally, Canaccord Genuity restated a buy rating and set a $18.00 price objective on shares of Darling Ingredients in a research report on Wednesday, June 8th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $16.94.
Darling Ingredients (NYSE:DAR) opened at 12.87 on Friday. The stock has a 50 day moving average of $14.20 and a 200 day moving average of $14.24. The stock has a market capitalization of $2.12 billion, a P/E ratio of 19.56 and a beta of 1.90. Darling Ingredients has a 1-year low of $7.78 and a 1-year high of $15.93.
Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, August 11th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. Darling Ingredients had a net margin of 3.27% and a return on equity of 5.90%. The firm earned $877.50 million during the quarter, compared to the consensus estimate of $875.85 million. During the same quarter in the prior year, the firm earned $0.02 EPS. Darling Ingredients’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts expect that Darling Ingredients will post $0.56 earnings per share for the current year.
In other news, EVP John Bullock sold 11,258 shares of the company’s stock in a transaction on Tuesday, August 23rd. The shares were 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 of the company’s stock, valued at approximately $1,640,781.98. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.75% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC boosted its stake 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 worth $103,000 after buying an additional 600 shares during the last quarter. American Financial Group Inc. acquired a new stake in shares of Darling Ingredients during the first quarter worth approximately $159,000. 1st Global Advisors Inc. boosted its stake in shares of Darling Ingredients by 0.5% in the second quarter. 1st Global Advisors Inc. now owns 10,717 shares of the company’s stock worth $160,000 after buying an additional 57 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Darling Ingredients during the second quarter worth approximately $164,000. Finally, Babson Capital Management LLC acquired a new stake in shares of Darling Ingredients during the first quarter worth approximately $166,000. 95.37% of the stock is currently owned by hedge funds and other institutional investors.
About Darling Ingredients
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.
Receive News & Ratings for Darling Ingredients Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.