Darling Ingredients (NYSE:DAR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, March 7th.
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 equities research analysts have also issued reports on DAR. BMO Capital Markets lowered Darling Ingredients from an “outperform” rating to a “market perform” rating and upped their price target for the company from $19.00 to $20.00 in a research report on Thursday, March 1st. They noted that the move was a valuation call. Goldman Sachs reissued a “neutral” rating on shares of Darling Ingredients in a research report on Thursday, March 1st. Finally, TheStreet lowered Darling Ingredients from a “b-” rating to a “c+” rating in a research report on Monday, February 12th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $19.71.
Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The business had revenue of $952.55 million for the quarter, compared to analyst estimates of $896.87 million. Darling Ingredients had a return on equity of 1.82% and a net margin of 3.50%. research analysts predict that Darling Ingredients will post 1 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB acquired a new stake in Darling Ingredients in the fourth quarter worth $302,000. Envestnet Asset Management Inc. increased its position in Darling Ingredients by 4.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 202,621 shares of the company’s stock worth $3,673,000 after buying an additional 7,855 shares during the period. MetLife Investment Advisors LLC acquired a new stake in Darling Ingredients in the fourth quarter worth $1,322,000. Zeke Capital Advisors LLC acquired a new stake in Darling Ingredients in the fourth quarter worth $185,000. Finally, PEAK6 Investments L.P. increased its position in Darling Ingredients by 357.3% in the fourth quarter. PEAK6 Investments L.P. now owns 24,097 shares of the company’s stock worth $437,000 after buying an additional 33,463 shares during the period. 99.95% of the stock is currently owned by hedge funds and other institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with MarketBeat.com's FREE daily email newsletter.