Darling Ingredients (NYSE:DAR) Stock Rating Lowered by StockNews.com

Darling Ingredients (NYSE:DAR) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

A number of other brokerages have also recently commented on DAR. Citigroup dropped their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Stephens reissued an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and a consensus target price of $52.75.

Darling Ingredients Trading Up 0.3 %

DAR stock traded up $0.08 during trading on Monday, reaching $29.90. The company had a trading volume of 2,581,462 shares, compared to its average volume of 2,117,460. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. Darling Ingredients has a 52 week low of $27.20 and a 52 week high of $48.39. The business has a 50 day moving average of $35.53 and a 200 day moving average of $36.58. The company has a market cap of $4.75 billion, a P/E ratio of 17.28 and a beta of 1.25.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. As a group, sell-side analysts forecast that Darling Ingredients will post 2.81 earnings per share for the current fiscal year.

Institutional Trading of Darling Ingredients

Institutional investors and hedge funds have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Darling Ingredients by 148.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,393,153 shares of the company’s stock worth $148,005,000 after buying an additional 2,627,785 shares in the last quarter. Norges Bank purchased a new position in Darling Ingredients in the 4th quarter worth approximately $63,956,000. Assenagon Asset Management S.A. lifted its position in Darling Ingredients by 203.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock valued at $62,134,000 after acquiring an additional 1,235,985 shares in the last quarter. Paloma Partners Management Co boosted its stake in Darling Ingredients by 2,140.4% during the 3rd quarter. Paloma Partners Management Co now owns 877,200 shares of the company’s stock valued at $32,597,000 after purchasing an additional 838,047 shares during the last quarter. Finally, Erste Asset Management GmbH bought a new stake in shares of Darling Ingredients in the 3rd quarter worth $30,545,000. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. 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.