Darling Ingredients (DAR) Downgraded by BMO Capital Markets to Market Perform
BMO Capital Markets downgraded shares of Darling Ingredients (NYSE:DAR) from an outperform rating to a market perform rating in a research report sent to investors on Thursday. They currently have $20.00 target price on the stock, up from their prior target price of $19.00. The analysts noted that the move was a valuation call.
A number of other research analysts have also recently weighed in on DAR. Canaccord Genuity lifted their price target on shares of Darling Ingredients from $18.00 to $20.00 and gave the company a buy rating in a research report on Monday, November 6th. Zacks Investment Research raised shares of Darling Ingredients from a sell rating to a hold rating in a research report on Monday, November 13th. TheStreet cut shares of Darling Ingredients from a b- rating to a c+ rating in a research report on Monday, February 12th. Finally, Goldman Sachs Group reaffirmed a neutral rating and set a $19.00 price target on shares of Darling Ingredients in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Darling Ingredients currently has an average rating of Hold and an average target price of $19.43.
Shares of Darling Ingredients (NYSE:DAR) traded up $0.31 during mid-day trading on Thursday, reaching $17.89. 1,256,610 shares of the company’s stock were exchanged, compared to its average volume of 1,151,077. The firm has a market capitalization of $2,946.05, a PE ratio of 23.23 and a beta of 1.43. The company has a current ratio of 1.71, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73. Darling Ingredients has a 1 year low of $13.90 and a 1 year high of $19.50.
Several hedge funds and other institutional investors have recently bought and sold shares of DAR. Earnest Partners LLC acquired a new position in shares of Darling Ingredients during the third quarter worth $69,809,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Darling Ingredients by 1,090.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,176,259 shares of the company’s stock worth $73,168,000 after purchasing an additional 3,825,542 shares in the last quarter. Brenner West Capital Advisors LP acquired a new position in shares of Darling Ingredients during the fourth quarter worth $37,601,000. Walthausen & Co. LLC acquired a new position in shares of Darling Ingredients during the third quarter worth $20,579,000. Finally, New York State Common Retirement Fund lifted its position in shares of Darling Ingredients by 574.2% during the third quarter. New York State Common Retirement Fund now owns 1,173,091 shares of the company’s stock worth $20,553,000 after purchasing an additional 999,091 shares in the last quarter. 98.90% of the stock is currently owned by institutional investors and hedge funds.
About Darling Ingredients
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.
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