Zacks Investment Research cut shares of Darling Ingredients Inc. (NYSE:DAR) from a buy rating to a hold rating in a research note published on Friday, May 12th.
According to Zacks, “Darling Ingredients Inc. is a provider of rendering, cooking oil and bakery waste recycling and recovery solutions. It collects and transforms all aspects of animal by-product streams into broadly used and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstock, green energy, natural casings and hides. The Company also provides grease trap services to food service establishments, environmental services to food processors and sells restaurant cooking oil delivery and collection equipment. Darling Ingredients Inc., formerly known as Darling International Inc., is headquartered in Irving, Texas. “
Other research analysts have also recently issued reports about the stock. TheStreet raised shares of Darling Ingredients from a c+ rating to a b- rating in a research note on Thursday, April 27th. Canaccord Genuity reissued a buy rating and set a $18.00 price objective on shares of Darling Ingredients in a research note on Monday, May 8th. Roth Capital set a $17.00 target price on shares of Darling Ingredients and gave the stock a buy rating in a research report on Tuesday, February 28th. Robert W. Baird began coverage on shares of Darling Ingredients in a research report on Wednesday, March 22nd. They set an outperform rating and a $19.00 target price on the stock. Finally, BMO Capital Markets raised their target price on shares of Darling Ingredients from $18.00 to $19.00 and gave the stock an outperform rating in a research report on Thursday, March 2nd. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $17.71.
Darling Ingredients (NYSE:DAR) traded down 2.90% during trading on Friday, hitting $15.72. The stock had a trading volume of 1,765,193 shares. Darling Ingredients has a 52-week low of $11.51 and a 52-week high of $16.61. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 24.22 and a beta of 1.69. The firm’s 50-day moving average price is $15.68 and its 200-day moving average price is $14.08.
Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, May 11th. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.03. Darling Ingredients had a return on equity of 5.15% and a net margin of 3.06%. The business had revenue of $880.10 million for the quarter, compared to analysts’ expectations of $842.52 million. During the same period last year, the business earned $0.01 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts predict that Darling Ingredients will post $0.56 EPS for the current fiscal year.
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In related news, CFO Patrick C. Lynch bought 19,710 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was bought at an average price of $15.20 per share, with a total value of $299,592.00. Following the transaction, the chief financial officer now owns 110,138 shares of the company’s stock, valued at $1,674,097.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Patrick C. Lynch bought 18,820 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was bought 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 directly owns 128,958 shares in the company, valued at approximately $2,054,300.94. The disclosure for this purchase can be found here. Insiders have purchased a total of 56,867 shares of company stock worth $899,938 in the last ninety days. 1.95% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. Miles Capital Inc. increased its stake in Darling Ingredients by 0.3% in the first quarter. Miles Capital Inc. now owns 10,112 shares of the company’s stock valued at $147,000 after buying an additional 28 shares during the last quarter. World Asset Management Inc increased its stake in Darling Ingredients by 0.9% in the first quarter. World Asset Management Inc now owns 10,474 shares of the company’s stock valued at $152,000 after buying an additional 94 shares during the last quarter. Stephens Inc. AR increased its stake in Darling Ingredients by 2.1% in the first quarter. Stephens Inc. AR now owns 14,859 shares of the company’s stock valued at $216,000 after buying an additional 300 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Darling Ingredients by 2.6% in the first quarter. Public Employees Retirement System of Ohio now owns 13,252 shares of the company’s stock valued at $192,000 after buying an additional 335 shares during the period. Finally, Neuburgh Advisers LLC raised its position in Darling Ingredients by 4.9% in the first quarter. Neuburgh Advisers LLC now owns 9,350 shares of the company’s stock valued at $136,000 after buying an additional 440 shares during the period. 95.95% of the stock is owned by institutional investors.
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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