Zacks Investment Research downgraded shares of Darling Ingredients (NYSE:DAR) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.
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. “
Several other research analysts have also recently issued reports on the stock. TheStreet cut shares of Darling Ingredients from a b- rating to a c+ rating in a report on Monday, February 12th. Goldman Sachs Group reissued a neutral rating and set a $19.00 price target on shares of Darling Ingredients in a report on Wednesday, February 28th. Finally, BMO Capital Markets cut shares of Darling Ingredients from an outperform rating to a market perform rating and increased their price target for the stock from $19.00 to $20.00 in a report on Thursday, March 1st. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $19.57.
Darling Ingredients (NYSE:DAR) last announced its earnings results on Tuesday, February 27th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $952.55 million during the quarter, compared to analysts’ expectations of $896.87 million. Darling Ingredients had a net margin of 3.50% and a return on equity of 1.82%. sell-side analysts anticipate that Darling Ingredients will post 1 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its holdings in Darling Ingredients by 10.4% during the second quarter. Public Employees Retirement System of Ohio now owns 14,628 shares of the company’s stock worth $230,000 after purchasing an additional 1,376 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Darling Ingredients by 54.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,923 shares of the company’s stock worth $144,000 after buying an additional 2,808 shares during the period. Advisor Group Inc. grew its position in Darling Ingredients by 34.9% during the third quarter. Advisor Group Inc. now owns 11,927 shares of the company’s stock worth $209,000 after buying an additional 3,086 shares during the period. Stanley Laman Group Ltd. grew its position in Darling Ingredients by 1.1% during the fourth quarter. Stanley Laman Group Ltd. now owns 334,131 shares of the company’s stock worth $6,058,000 after buying an additional 3,542 shares during the period. Finally, KBC Group NV grew its position in Darling Ingredients by 1.0% during the third quarter. KBC Group NV now owns 346,684 shares of the company’s stock worth $6,074,000 after buying an additional 3,578 shares during the period. 98.91% of the stock is owned by hedge funds and other 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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