Robert W. Baird reissued their outperform rating on shares of Darling Ingredients Inc (NYSE:DAR) in a research report released on Friday morning. Robert W. Baird currently has a $20.00 price objective on the stock, up from their prior price objective of $19.00.
Several other equities research analysts have also commented on DAR. TheStreet upgraded shares of Darling Ingredients from a c+ rating to a b- rating in a research report on Thursday, April 27th. Canaccord Genuity restated a buy rating and set a $18.00 target price on shares of Darling Ingredients in a research report on Monday, May 8th. Zacks Investment Research lowered shares of Darling Ingredients from a buy rating to a hold rating in a research report on Friday, May 12th. BMO Capital Markets reiterated a buy rating and issued a $19.00 price objective on shares of Darling Ingredients in a research report on Tuesday, May 16th. Finally, BidaskClub upgraded shares of Darling Ingredients from a buy rating to a strong-buy rating in a research report on Thursday, July 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $17.83.
Darling Ingredients (NYSE:DAR) traded down 0.56% during trading on Friday, reaching $16.06. 1,472,488 shares of the company’s stock traded hands. Darling Ingredients has a one year low of $11.51 and a one year high of $16.99. The firm’s 50 day moving average price is $16.27 and its 200-day moving average price is $14.91. The stock has a market cap of $2.64 billion, a P/E ratio of 31.55 and a beta of 1.61.
Darling Ingredients (NYSE:DAR) last issued its earnings results on Wednesday, August 9th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by $0.05. The company had revenue of $896.30 million for the quarter, compared to analysts’ expectations of $890.91 million. Darling Ingredients had a return on equity of 1.81% and a net margin of 1.15%. Darling Ingredients’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 earnings per share. On average, equities analysts anticipate that Darling Ingredients will post $0.52 earnings per share for the current fiscal year.
In other Darling Ingredients news, CFO Patrick C. Lynch acquired 19,710 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average cost of $15.20 per share, for a total transaction of $299,592.00. Following the transaction, the chief financial officer now directly owns 110,138 shares of the company’s stock, valued at $1,674,097.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Patrick C. Lynch acquired 18,820 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was acquired at an average price of $15.93 per share, for a total transaction of $299,802.60. Following the completion of the transaction, the chief financial officer now directly owns 128,958 shares in the company, valued at $2,054,300.94. The disclosure for this purchase can be found here. Insiders purchased a total of 56,867 shares of company stock worth $899,938 over the last quarter. Insiders own 1.95% of the company’s stock.
Several large investors have recently added to or reduced their stakes in DAR. BlackRock Inc. raised its stake in 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. FMR LLC raised its stake in Darling Ingredients by 36.4% in the second quarter. FMR LLC now owns 11,212,815 shares of the company’s stock valued at $176,490,000 after buying an additional 2,990,750 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Darling Ingredients by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 13,906,079 shares of the company’s stock valued at $218,881,000 after buying an additional 1,135,841 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Darling Ingredients during the first quarter valued at approximately $14,819,000. Finally, Vanguard Group Inc. raised its stake in 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. Institutional investors and hedge funds own 95.03% of the company’s stock.
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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