Darling Ingredients (NYSE:DAR) had its price target upped by research analysts at Robert W. Baird from $30.00 to $35.00 in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 20.90% from the stock’s previous close.
Several other equities research analysts have also recently commented on DAR. ValuEngine cut Darling Ingredients from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 7th. Zacks Investment Research raised Darling Ingredients from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Tuesday, January 7th.
Shares of NYSE DAR traded up $0.44 during trading hours on Tuesday, hitting $28.95. The stock had a trading volume of 44,753 shares, compared to its average volume of 954,257. The company has a market capitalization of $4.79 billion, a P/E ratio of 32.57 and a beta of 1.30. The firm’s 50-day moving average price is $26.60 and its two-hundred day moving average price is $21.55. Darling Ingredients has a 52 week low of $18.20 and a 52 week high of $29.36. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.84 and a current ratio of 1.43.
Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.03). The firm had revenue of $842.05 million during the quarter, compared to the consensus estimate of $834.01 million. Darling Ingredients had a net margin of 3.30% and a return on equity of 4.67%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) EPS. As a group, analysts expect that Darling Ingredients will post 0.63 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of DAR. Millennium Management LLC lifted its holdings in Darling Ingredients by 1,017.0% in the 3rd quarter. Millennium Management LLC now owns 1,472,229 shares of the company’s stock worth $28,163,000 after purchasing an additional 1,340,426 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in Darling Ingredients in the 2nd quarter worth approximately $19,813,000. ValueAct Holdings L.P. lifted its holdings in Darling Ingredients by 51.2% in the 2nd quarter. ValueAct Holdings L.P. now owns 1,727,528 shares of the company’s stock worth $34,361,000 after purchasing an additional 585,000 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of Darling Ingredients by 38.8% during the second quarter. Schroder Investment Management Group now owns 1,518,186 shares of the company’s stock worth $30,197,000 after buying an additional 424,248 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Darling Ingredients by 15.6% during the second quarter. Royal Bank of Canada now owns 2,957,586 shares of the company’s stock worth $58,826,000 after buying an additional 399,444 shares during the last quarter. Hedge funds and other institutional investors own 95.62% of the company’s stock.
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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