Darling Ingredients (NYSE:DAR) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Darling Ingredients (NYSE:DAR) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

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. “

Separately, ValuEngine cut Darling Ingredients from a buy rating to a hold rating in a report on Tuesday, August 6th.

NYSE DAR opened at $18.97 on Wednesday. The stock has a market cap of $3.11 billion, a PE ratio of 21.31 and a beta of 1.17. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.72. Darling Ingredients has a twelve month low of $17.99 and a twelve month high of $22.62. The stock has a fifty day simple moving average of $19.91 and a 200-day simple moving average of $20.63.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The business had revenue of $827.30 million for the quarter, compared to analysts’ expectations of $839.92 million. Darling Ingredients had a return on equity of 3.35% and a net margin of 2.37%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 earnings per share. Research analysts predict that Darling Ingredients will post 0.68 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. purchased a new position in shares of Darling Ingredients during the 1st quarter worth $1,028,000. Norges Bank purchased a new position in Darling Ingredients during the 4th quarter valued at about $32,771,000. Oregon Public Employees Retirement Fund boosted its holdings in Darling Ingredients by 1.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 64,871 shares of the company’s stock valued at $1,290,000 after acquiring an additional 1,100 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Darling Ingredients by 101.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 51,907 shares of the company’s stock valued at $1,124,000 after acquiring an additional 26,189 shares during the period. Finally, Legacy Bridge LLC boosted its holdings in Darling Ingredients by 0.4% during the 1st quarter. Legacy Bridge LLC now owns 119,858 shares of the company’s stock valued at $2,595,000 after acquiring an additional 505 shares during the period. Institutional investors and hedge funds own 95.91% of the company’s stock.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers 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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