Robert W. Baird reaffirmed their outperform rating on shares of Darling Ingredients Inc. (NYSE:DAR) in a research note released on Friday morning. They currently have a $20.00 target price on the stock, up from their previous target price of $19.00.
Several other brokerages have also issued reports on DAR. BidaskClub lowered shares of Darling Ingredients from a strong-buy rating to a buy rating in a research note on Friday, July 28th. Zacks Investment Research lowered shares of Darling Ingredients from a buy rating to a hold rating in a research note on Friday, May 12th. Canaccord Genuity restated a buy rating and set a $18.00 price target on shares of Darling Ingredients in a research note on Monday, May 8th. TheStreet upgraded shares of Darling Ingredients from a c+ rating to a b- rating in a research note on Thursday, April 27th. Finally, BMO Capital Markets restated a buy rating and set a $19.00 price target on shares of Darling Ingredients in a research note on Tuesday, May 16th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $18.17.
Darling Ingredients (DAR) opened at 16.88 on Friday. The firm’s 50-day moving average price is $16.29 and its 200-day moving average price is $14.98. Darling Ingredients has a 12 month low of $11.51 and a 12 month high of $16.99. The firm has a market cap of $2.78 billion, a P/E ratio of 33.16 and a beta of 1.61.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.05. The firm had revenue of $896.30 million during the quarter, compared to analysts’ expectations of $890.91 million. Darling Ingredients had a net margin of 2.39% and a return on equity of 3.99%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. On average, equities research analysts expect that Darling Ingredients will post $0.50 EPS for the current fiscal year.
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In other Darling Ingredients news, 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, with a total value of $299,592.00. Following the acquisition, the chief financial officer now owns 110,138 shares in the company, valued at $1,674,097.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Patrick C. Lynch acquired 18,820 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was acquired at an average cost of $15.93 per share, with a total value of $299,802.60. Following the completion of the acquisition, the chief financial officer now owns 128,958 shares in the company, valued at approximately $2,054,300.94. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 56,867 shares of company stock valued at $899,938. 1.95% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Miles Capital Inc. increased its position 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 period. World Asset Management Inc increased its position 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 period. Shufro Rose & Co. LLC increased its position in Darling Ingredients by 0.4% in the second quarter. Shufro Rose & Co. LLC now owns 27,457 shares of the company’s stock valued at $432,000 after buying an additional 100 shares during the period. Stephens Inc. AR increased its position 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 period. Finally, Amalgamated Bank increased its position in Darling Ingredients by 1.4% in the second quarter. Amalgamated Bank now owns 22,413 shares of the company’s stock valued at $353,000 after buying an additional 304 shares during the period. 94.46% 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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