Darling Ingredients (NYSE:DAR) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of Darling Ingredients (NYSE:DAR) from a hold rating to a sell rating in a report issued on Monday morning.

Several other research analysts have also recently issued reports on the stock. Citigroup cut their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. Stephens reissued an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.75.

Darling Ingredients Stock Up 0.3 %

Darling Ingredients stock opened at $29.90 on Monday. The stock has a 50 day moving average of $35.53 and a two-hundred day moving average of $36.58. Darling Ingredients has a twelve month low of $27.20 and a twelve month high of $48.39. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 17.28 and a beta of 1.25. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share 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, research analysts expect that Darling Ingredients will post 2.81 earnings per share for the current year.

Hedge Funds Weigh In On Darling Ingredients

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