Shares of Darling Ingredients Inc (NYSE:DAR) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21.08 and last traded at $20.95, with a volume of 70798 shares trading hands. The stock had previously closed at $20.66.
Several analysts have issued reports on DAR shares. JPMorgan Chase & Co. upped their price objective on Darling Ingredients from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. Zacks Investment Research lowered Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Finally, BMO Capital Markets increased their target price on Darling Ingredients from $20.00 to $22.00 and gave the stock a “market perform” rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $21.00.
The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 87.38 and a beta of 1.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.90 and a quick ratio of 1.13.
Darling Ingredients (NYSE:DAR) last announced its earnings results on Wednesday, August 8th. The company reported $0.11 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.11. The company had revenue of $846.65 million for the quarter, compared to analyst estimates of $868.36 million. Darling Ingredients had a return on equity of 6.01% and a net margin of 4.99%. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 earnings per share. On average, equities analysts expect that Darling Ingredients Inc will post 0.99 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in DAR. BlackRock Inc. increased its stake in shares of Darling Ingredients by 7.8% during the second quarter. BlackRock Inc. now owns 22,943,325 shares of the company’s stock worth $456,114,000 after purchasing an additional 1,661,683 shares during the period. Point72 Asset Management L.P. acquired a new stake in Darling Ingredients during the second quarter worth approximately $29,122,000. Copper Rock Capital Partners LLC acquired a new stake in Darling Ingredients during the second quarter worth approximately $25,363,000. Mesirow Financial Investment Management Equity Management acquired a new stake in Darling Ingredients during the third quarter worth approximately $13,785,000. Finally, Overbrook Management Corp grew its position in Darling Ingredients by 13.2% during the second quarter. Overbrook Management Corp now owns 3,046,718 shares of the company’s stock worth $60,569,000 after buying an additional 354,506 shares in the last quarter. Institutional investors own 99.16% of the company’s stock.
Darling Ingredients Company Profile (NYSE:DAR)
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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