The Darling Ingredients Inc (DAR) Earns Buy Rating from Canaccord Genuity

The Darling Ingredients Inc (DAR) Earns Buy Rating from Canaccord Genuity

A number of other brokerages have also issued reports on DAR. TheStreet upgraded Darling Ingredients from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th. Zacks Investment Research lowered Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. BMO Capital Markets raised their target price on Darling Ingredients from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Thursday, March 2nd. Roth Capital set a $17.00 target price on Darling Ingredients and gave the stock a “buy” rating in a research note on Monday, March 20th. Finally, Robert W. Baird initiated coverage on Darling Ingredients in a research note on Wednesday, March 22nd. They set an “outperform” rating and a $19.00 price objective for the company. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $17.71.

Darling Ingredients Inc (NYSE:DAR)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity in a note issued to investors on Monday, May 15th. They currently have a $18.00 price target on the stock. Canaccord Genuity’s price target points to a potential upside of 12.08% from the stock’s current price.

Shares of Darling Ingredients (DAR) opened at 16.06 on Monday. The firm has a 50 day moving average price of $15.44 and a 200 day moving average price of $13.93. The stock has a market cap of $2.64 billion, a PE ratio of 24.75 and a beta of 1.76. Darling Ingredients has a 12-month low of $11.51 and a 12-month high of $16.61.

In related news, CFO Patrick C. Lynch acquired 19,710 shares of Darling Ingredients stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of $15.20 per share, for a total transaction of $299,592.00. Following the purchase, the chief financial officer now owns 110,138 shares of the company’s stock, valued at approximately $1,674,097.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Patrick C. Lynch purchased 18,820 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was acquired at an average price of $15.93 per share, with a total value of $299,802.60. Following the purchase, the chief financial officer now owns 128,958 shares in the company, valued at $2,054,300.94. The disclosure for this purchase can be found here. Insiders have acquired a total of 56,867 shares of company stock valued at $899,938 in the last quarter. Company insiders own 1.75% of the company’s stock. Several institutional investors have recently made changes to their positions in the stock. Miles Capital Inc. raised its position in shares of Darling Ingredients by 0.3% in the first quarter. Miles Capital Inc. now owns 10,112 shares of the company’s stock valued at $147,000 after buying an additional 28 shares in the last quarter. World Asset Management Inc raised its position in shares of Darling Ingredients by 0.9% in the first quarter. World Asset Management Inc now owns 10,474 shares of the company’s stock valued at $152,000 after buying an additional 94 shares in the last quarter. Stephens Inc. AR raised its position in shares of Darling Ingredients by 2.1% in the first quarter. Stephens Inc. AR now owns 14,859 shares of the company’s stock valued at $216,000 after buying an additional 300 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Darling Ingredients by 2.6% in the first quarter. Public Employees Retirement System of Ohio now owns 13,252 shares of the company’s stock valued at $192,000 after buying an additional 335 shares in the last quarter. Finally, Neuburgh Advisers LLC raised its position in shares of Darling Ingredients by 4.9% in the first quarter. Neuburgh Advisers LLC now owns 9,350 shares of the company’s stock valued at $136,000 after buying an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 95.29% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DAR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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