Shares of Darling Ingredients Inc. (NYSE:DAR – Get Rating) have earned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $94.78.
A number of research analysts have commented on the stock. StockNews.com downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Tuesday, April 19th. Stephens increased their price objective on shares of Darling Ingredients from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, April 20th. Roth Capital reissued a “buy” rating on shares of Darling Ingredients in a report on Monday, March 14th. Cowen began coverage on shares of Darling Ingredients in a report on Monday, April 25th. They set a “market perform” rating and a $80.00 target price on the stock. Finally, Credit Suisse Group increased their target price on shares of Darling Ingredients from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, March 14th.
Shares of DAR stock opened at $65.29 on Thursday. The company has a market capitalization of $10.54 billion, a PE ratio of 15.81 and a beta of 1.11. The firm has a fifty day simple moving average of $77.36 and a 200-day simple moving average of $72.16. The company has a current ratio of 1.55, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. Darling Ingredients has a twelve month low of $58.70 and a twelve month high of $87.59.
In other Darling Ingredients news, Director Charles L. Adair acquired 500 shares of Darling Ingredients stock in a transaction dated Tuesday, May 24th. The stock was bought at an average price of $73.95 per share, for a total transaction of $36,975.00. Following the transaction, the director now owns 36,051 shares in the company, valued at approximately $2,665,971.45. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John Bullock sold 12,374 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $82.70, for a total transaction of $1,023,329.80. Following the transaction, the executive vice president now owns 109,496 shares of the company’s stock, valued at approximately $9,055,319.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,333 shares of company stock worth $5,347,539. 2.62% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Handelsbanken Fonder AB boosted its holdings in shares of Darling Ingredients by 4.6% in the fourth quarter. Handelsbanken Fonder AB now owns 5,188,906 shares of the company’s stock worth $359,539,000 after buying an additional 227,466 shares during the period. State Street Corp lifted its position in shares of Darling Ingredients by 4.8% in the first quarter. State Street Corp now owns 4,555,458 shares of the company’s stock worth $366,168,000 after purchasing an additional 208,659 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Darling Ingredients by 1,257.1% in the fourth quarter. Marshall Wace LLP now owns 4,126,968 shares of the company’s stock worth $285,958,000 after purchasing an additional 3,822,875 shares in the last quarter. Impax Asset Management Group plc lifted its position in shares of Darling Ingredients by 38.3% in the fourth quarter. Impax Asset Management Group plc now owns 4,044,181 shares of the company’s stock worth $279,274,000 after purchasing an additional 1,120,368 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its position in shares of Darling Ingredients by 25.8% in the first quarter. Artemis Investment Management LLP now owns 2,496,559 shares of the company’s stock worth $200,392,000 after purchasing an additional 511,366 shares in the last quarter. Institutional investors own 92.17% of the company’s stock.
About Darling Ingredients (Get Rating)
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 ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.
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