Darling Ingredients (DAR) Raised to “B” at TheStreet
Darling Ingredients (NYSE:DAR) was upgraded by research analysts at TheStreet from a “c+” rating to a “b” rating in a report issued on Tuesday.
Several other research analysts have also commented on the stock. Goldman Sachs reaffirmed a “neutral” rating and set a $19.00 price objective on shares of Darling Ingredients in a research note on Wednesday, February 28th. Zacks Investment Research raised shares of Darling Ingredients from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, March 6th. Finally, BMO Capital Markets lowered shares of Darling Ingredients from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $19.00 to $20.00 in a research note on Thursday, March 1st. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $19.71.
Darling Ingredients (NYSE DAR) opened at $17.74 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.71. The company has a market cap of $2,932.88, a price-to-earnings ratio of 23.04 and a beta of 1.43. Darling Ingredients has a one year low of $14.00 and a one year high of $19.50.
Several institutional investors and hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Darling Ingredients by 54.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,923 shares of the company’s stock valued at $144,000 after purchasing an additional 2,808 shares during the period. Advisor Group Inc. boosted its stake in shares of Darling Ingredients by 34.9% during the third quarter. Advisor Group Inc. now owns 11,927 shares of the company’s stock valued at $209,000 after purchasing an additional 3,086 shares during the period. Stanley Laman Group Ltd. boosted its stake in shares of Darling Ingredients by 1.1% during the fourth quarter. Stanley Laman Group Ltd. now owns 334,131 shares of the company’s stock valued at $6,058,000 after purchasing an additional 3,542 shares during the period. KBC Group NV boosted its stake in shares of Darling Ingredients by 1.0% during the third quarter. KBC Group NV now owns 346,684 shares of the company’s stock valued at $6,074,000 after purchasing an additional 3,578 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Darling Ingredients by 6.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 70,900 shares of the company’s stock valued at $1,285,000 after purchasing an additional 4,200 shares during the period. 99.94% of the stock is owned by hedge funds and other institutional investors.
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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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