Shares of Darling Ingredients Inc (NYSE:DAR) have received an average rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $19.60.
DAR has been the subject of a number of analyst reports. ValuEngine upgraded Darling Ingredients from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research upgraded Darling Ingredients from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Tuesday, March 6th. Finally, TheStreet upgraded Darling Ingredients from a “c+” rating to a “b” rating in a report on Tuesday, March 20th.
Hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 purchasing an additional 2,808 shares in the last quarter. Assetmark Inc. acquired a new position in shares of Darling Ingredients during the fourth quarter worth $163,000. United Capital Financial Advisers LLC acquired a new position in shares of Darling Ingredients in the 1st quarter valued at $173,000. Zeke Capital Advisors LLC acquired a new position in shares of Darling Ingredients in the 4th quarter valued at $185,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of Darling Ingredients by 85.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 11,125 shares of the company’s stock valued at $192,000 after acquiring an additional 5,112 shares during the period. 98.85% of the stock is currently owned by institutional investors and hedge funds.
Shares of Darling Ingredients traded down $0.02, reaching $19.88, during trading hours on Monday, according to Marketbeat Ratings. The stock had a trading volume of 855,419 shares, compared to its average volume of 941,073. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.18 and a current ratio of 1.92. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 82.83 and a beta of 1.42. Darling Ingredients has a 52-week low of $15.50 and a 52-week high of $20.36.
Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Wednesday, May 9th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.48. The firm had revenue of $875.40 million during the quarter, compared to analyst estimates of $884.83 million. Darling Ingredients had a return on equity of 5.75% and a net margin of 6.01%. Darling Ingredients’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 earnings per share. analysts forecast that Darling Ingredients will post 1.13 earnings per share for the current year.
About Darling Ingredients
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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