Darling Ingredients Inc. (NYSE:DAR) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.
A number of other analysts have also commented on DAR. TheStreet raised shares of Darling Ingredients from a “c+” rating to a “b-” rating in a report on Thursday, April 27th. Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 target price on shares of Darling Ingredients in a report on Monday, May 8th. Zacks Investment Research lowered shares of Darling Ingredients from a “buy” rating to a “hold” rating in a report on Friday, May 12th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $19.00 target price on shares of Darling Ingredients in a report on Tuesday, May 16th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Darling Ingredients currently has an average rating of “Buy” and a consensus target price of $17.67.
Darling Ingredients (NYSE DAR) traded down 0.73% during midday trading on Friday, reaching $16.38. The company’s stock had a trading volume of 189,988 shares. The firm has a 50-day moving average price of $16.12 and a 200 day moving average price of $14.61. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 25.24 and a beta of 1.61. Darling Ingredients has a 52-week low of $11.51 and a 52-week high of $16.85.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, May 11th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.03. Darling Ingredients had a net margin of 3.06% and a return on equity of 5.15%. The company had revenue of $880.10 million during the quarter, compared to analyst estimates of $842.52 million. During the same period in the prior year, the business earned $0.01 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Equities research analysts predict that Darling Ingredients will post $0.52 EPS for the current fiscal year.
In related news, CFO Patrick C. Lynch acquired 18,820 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were acquired at an average cost of $15.93 per share, with a total value of $299,802.60. Following the transaction, the chief financial officer now owns 128,958 shares of the company’s stock, valued at approximately $2,054,300.94. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Patrick C. Lynch acquired 19,710 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average cost of $15.20 per share, for a total transaction of $299,592.00. Following the completion of the transaction, the chief financial officer now directly owns 110,138 shares in the company, valued at approximately $1,674,097.60. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 56,867 shares of company stock worth $899,938. Insiders own 1.95% of the company’s stock.
Large investors have recently bought and sold shares of the stock. BB&T Corp boosted its stake in Darling Ingredients by 6.4% in the first quarter. BB&T Corp now owns 594,232 shares of the company’s stock valued at $8,628,000 after buying an additional 35,915 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Darling Ingredients by 237.2% in the first quarter. Russell Investments Group Ltd. now owns 32,109 shares of the company’s stock valued at $467,000 after buying an additional 22,587 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Darling Ingredients by 2.8% in the first quarter. Nationwide Fund Advisors now owns 238,215 shares of the company’s stock valued at $3,459,000 after buying an additional 6,581 shares in the last quarter. James Investment Research Inc. bought a new stake in Darling Ingredients during the first quarter valued at approximately $2,528,000. Finally, State of Alaska Department of Revenue boosted its stake in Darling Ingredients by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 18,260 shares of the company’s stock valued at $265,000 after buying an additional 450 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.
Darling Ingredients Company Profile
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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