Darling Ingredients Inc (NYSE:DAR) has been assigned an average rating of “Buy” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $19.83.
DAR has been the topic of a number of recent research reports. TheStreet cut Darling Ingredients from a “b-” rating to a “c+” rating in a report on Monday, February 12th. Goldman Sachs restated a “neutral” rating and issued a $19.00 target price on shares of Darling Ingredients in a report on Wednesday, February 28th. Zacks Investment Research upgraded Darling Ingredients from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Tuesday, March 6th. Finally, BMO Capital Markets downgraded Darling Ingredients from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $19.00 to $20.00 in a report on Thursday, March 1st. They noted that the move was a valuation call.
Several hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 valued at $144,000 after buying an additional 2,808 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Darling Ingredients by 34.9% during the third quarter. Advisor Group Inc. now owns 11,927 shares of the company’s stock valued at $209,000 after buying an additional 3,086 shares in the last quarter. Stanley Laman Group Ltd. grew its holdings in shares of Darling Ingredients by 1.1% during the fourth quarter. Stanley Laman Group Ltd. now owns 334,131 shares of the company’s stock valued at $6,058,000 after buying an additional 3,542 shares in the last quarter. KBC Group NV grew its holdings in shares of Darling Ingredients by 1.0% during the third quarter. KBC Group NV now owns 346,684 shares of the company’s stock valued at $6,074,000 after buying an additional 3,578 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Darling Ingredients by 6.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 70,900 shares of the company’s stock valued at $1,285,000 after buying an additional 4,200 shares in the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.
Darling Ingredients (NYSE:DAR) last issued its earnings results on Tuesday, February 27th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. The business had revenue of $952.55 million for the quarter, compared to analysts’ expectations of $896.87 million. Darling Ingredients had a return on equity of 1.82% and a net margin of 3.50%. analysts anticipate that Darling Ingredients will post 1 earnings per share for the current fiscal year.
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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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