Shares of Darling Ingredients Inc. (NYSE:DAR) have been assigned an average rating of “Buy” from the eight research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $18.00.
DAR has been the topic of several research analyst reports. BMO Capital Markets boosted their price target on shares of Darling Ingredients from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, March 2nd. Zacks Investment Research upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Wednesday, March 1st. Robert W. Baird initiated coverage on shares of Darling Ingredients in a research note on Wednesday, March 22nd. They issued an “outperform” rating and a $19.00 price target on the stock. Roth Capital set a $17.00 price target on shares of Darling Ingredients and gave the stock a “buy” rating in a research note on Monday, March 20th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $18.00 price target on shares of Darling Ingredients in a research note on Monday, May 8th.
In other Darling Ingredients news, CFO Patrick C. Lynch bought 18,820 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were purchased at an average cost of $15.93 per share, for a total transaction of $299,802.60. Following the transaction, the chief financial officer now owns 128,958 shares of the company’s stock, valued at $2,054,300.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Patrick C. Lynch bought 19,710 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average price 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. In the last quarter, insiders acquired 56,867 shares of company stock worth $899,938. Corporate insiders own 1.95% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Darling Ingredients by 7,798.7% in the first quarter. BlackRock Inc. now owns 20,437,790 shares of the company’s stock valued at $296,758,000 after buying an additional 20,179,041 shares in the last quarter. Norges Bank acquired a new stake in shares of Darling Ingredients during the fourth quarter valued at about $31,718,000. Point72 Asset Management L.P. acquired a new stake in shares of Darling Ingredients during the first quarter valued at about $14,819,000. Vanguard Group Inc. boosted its stake in shares of Darling Ingredients by 6.3% in the first quarter. Vanguard Group Inc. now owns 15,418,060 shares of the company’s stock valued at $223,870,000 after buying an additional 910,712 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Darling Ingredients by 6.7% in the first quarter. Dimensional Fund Advisors LP now owns 12,770,238 shares of the company’s stock valued at $185,423,000 after buying an additional 802,072 shares in the last quarter. Hedge funds and other institutional investors own 95.95% of the company’s stock.
Darling Ingredients (NYSE DAR) traded down 2.90% during midday trading on Tuesday, reaching $15.72. The company’s stock had a trading volume of 1,765,193 shares. The firm has a market cap of $2.59 billion, a P/E ratio of 24.22 and a beta of 1.69. The firm has a 50 day moving average price of $15.68 and a 200 day moving average price of $14.08. Darling Ingredients has a one year low of $11.51 and a one year high of $16.61.
Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, May 11th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by $0.03. The company had revenue of $880.10 million during the quarter, compared to analysts’ expectations of $842.52 million. Darling Ingredients had a return on equity of 5.15% and a net margin of 3.06%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 EPS. Equities research analysts forecast that Darling Ingredients will post $0.56 EPS for the current fiscal year.
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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