Darling Ingredients (DAR) Given “Neutral” Rating at Goldman Sachs Group
Darling Ingredients (NYSE:DAR)‘s stock had its “neutral” rating reissued by equities research analysts at Goldman Sachs Group in a report released on Thursday.
DAR has been the subject of a number of other research reports. TheStreet lowered shares of Darling Ingredients from a “b-” rating to a “c+” rating in a report on Monday, February 12th. Zacks Investment Research upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a report on Monday, November 13th. BMO Capital Markets lowered shares of Darling Ingredients from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $19.00 to $20.00 in a report on Thursday. They noted that the move was a valuation call. Finally, Canaccord Genuity lifted their price objective on shares of Darling Ingredients from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, November 6th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $19.43.
Shares of Darling Ingredients (NYSE:DAR) opened at $17.89 on Thursday. Darling Ingredients has a twelve month low of $13.90 and a twelve month high of $19.50. The firm has a market cap of $2,895.01, 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.
Several large investors have recently bought and sold shares of DAR. Public Employees Retirement System of Ohio raised its holdings in shares of Darling Ingredients by 10.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 14,628 shares of the company’s stock valued at $230,000 after purchasing an additional 1,376 shares in the last quarter. Strs Ohio raised its holdings in shares of Darling Ingredients by 29.8% in the 3rd quarter. Strs Ohio now owns 15,700 shares of the company’s stock valued at $275,000 after purchasing an additional 3,600 shares in the last quarter. Nationwide Fund Advisors raised its holdings in shares of Darling Ingredients by 3.9% in the 3rd quarter. Nationwide Fund Advisors now owns 246,353 shares of the company’s stock valued at $4,316,000 after purchasing an additional 9,240 shares in the last quarter. Aperio Group LLC raised its holdings in shares of Darling Ingredients by 2.8% in the 3rd quarter. Aperio Group LLC now owns 172,085 shares of the company’s stock valued at $3,015,000 after purchasing an additional 4,623 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Darling Ingredients in the 3rd quarter valued at about $791,000. Institutional investors and hedge funds own 98.90% of the company’s stock.
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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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