The stock of Darling Ingredients Inc (NYSE:DAR) is a huge mover today! The stock increased 6.98% or $0.95 on November 23, hitting $14.57. About 6.50 million shares traded hands or 411.81% up from the average. Darling Ingredients Inc (NYSE:DAR) has risen 2.61% since April 22, 2016 and is uptrending. It has underperformed by 2.80% the S&P500.
The move comes after 5 months positive chart setup for the $2.38 billion company. It was reported on Nov, 24 by Barchart.com. We have $15.30 PT which if reached, will make NYSE:DAR worth $119.00M more.
Analysts await Darling Ingredients Inc (NYSE:DAR) to report earnings on March, 7. They expect $0.22 earnings per share, down 59.26% or $0.32 from last year’s $0.54 per share. DAR’s profit will be $35.94M for 16.56 P/E if the $0.22 EPS becomes a reality. After $0.17 actual earnings per share reported by Darling Ingredients Inc for the previous quarter, Wall Street now forecasts 29.41% EPS growth.
Darling Ingredients Inc (NYSE:DAR) Ratings Coverage
Out of 5 analysts covering Darling Ingredients (NYSE:DAR), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Darling Ingredients has been the topic of 11 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Monday, August 15 the stock rating was maintained by JP Morgan with “Overweight”. The rating was maintained by Avondale with “Market Outperform” on Friday, April 1. Zacks downgraded Darling Ingredients Inc (NYSE:DAR) on Friday, August 21 to “Hold” rating. The stock of Darling Ingredients Inc (NYSE:DAR) has “Hold” rating given on Thursday, September 3 by Zacks. The firm has “Buy” rating by Goldman Sachs given on Wednesday, June 29. JP Morgan initiated Darling Ingredients Inc (NYSE:DAR) on Wednesday, October 28 with “Neutral” rating. The firm earned “Buy” rating on Wednesday, August 12 by Roth Capital. The company was upgraded on Thursday, May 26 by JP Morgan.
According to Zacks Investment Research, “Darling Ingredients Inc. is a provider of rendering, cooking oil and bakery waste recycling and recovery solutions. It collects and transforms all aspects of animal by-product streams into broadly used and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstock, green energy, natural casings and hides. The Company also provides grease trap services to food service establishments, environmental services to food processors and sells restaurant cooking oil delivery and collection equipment. Darling Ingredients Inc., formerly known as Darling International Inc., is headquartered in Irving, Texas.”
Insitutional Activity: The institutional sentiment decreased to 0.8 in Q2 2016. Its down 0.19, from 0.99 in 2016Q1. The ratio turned negative, as 27 funds sold all Darling Ingredients Inc shares owned while 93 reduced positions. 44 funds bought stakes while 75 increased positions. They now own 154.82 million shares or 1.41% less from 157.03 million shares in 2016Q1.
Moreover, Intrust Natl Bank Na has 0.45% invested in Darling Ingredients Inc (NYSE:DAR) for 74,190 shares. Advisors Asset Mngmt Inc holds 5,652 shares or 0% of its portfolio. Paradigm Asset Com Limited Liability Corp accumulated 0% or 26,900 shares. Breton Hill Cap Limited has invested 0.27% of its portfolio in Darling Ingredients Inc (NYSE:DAR). Fernwood Management Limited Liability Company last reported 0.16% of its portfolio in the stock. Private Mngmt has invested 1.51% of its portfolio in Darling Ingredients Inc (NYSE:DAR). Weiss Multi has invested 0.39% of its portfolio in Darling Ingredients Inc (NYSE:DAR). Nfc Investments Ltd Liability Corporation accumulated 3.62% or 516,968 shares. Ahl Ltd Liability Partnership has 0.08% invested in the company for 98,239 shares. Massmutual Tru Fsb Adv holds 0% or 20,861 shares in its portfolio. Fulton Fincl Bank Na holds 0.07% of its portfolio in Darling Ingredients Inc (NYSE:DAR) for 47,684 shares. Vanguard Group Incorporated holds 0.01% or 13.58M shares in its portfolio. Intll Gru last reported 0% of its portfolio in the stock. Us Bancshares De accumulated 0% or 29,523 shares. Moreover, Picton Mahoney Asset Mgmt has 0.08% invested in Darling Ingredients Inc (NYSE:DAR) for 81,900 shares.
Insider Transactions: Since August 23, 2016, the stock had 0 insider purchases, and 1 insider sale for $159,667 net activity. On Tuesday, August 23 Bullock John sold $159,667 worth of the stock or 11,258 shares.
More notable recent Darling Ingredients Inc (NYSE:DAR) news were published by: Prnewswire.com which released: “Darling Ingredients Inc. Reports Third Quarter 2016 Financial Results …” on November 10, 2016, also Prnewswire.com with their article: “Darling Ingredients Inc. Announces Third Quarter 2016 Earnings Conference Call …” published on November 08, 2016, Fool.com published: “Darling Ingredients, Inc. Is Gaining Momentum” on May 14, 2016. More interesting news about Darling Ingredients Inc (NYSE:DAR) were released by: Prnewswire.com and their article: “Darling Ingredients Inc. Reports Second Quarter 2016 Financial Results: Feed …” published on August 11, 2016 as well as Fool.com‘s news article titled: “Darling Ingredients, Inc. Positions Itself for a Better Year” with publication date: March 02, 2016.
DAR Company Profile
Darling Ingredients Inc., formerly Darling International Inc., incorporated on December 13, 1962, is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients. The Firm offers a range of ingredients and specialty solutions for clients in the pharmaceutical, food, pet food, feed, technical, fuel, bioenergy and fertilizer industries. The Firm operates in three divisions: Feed Ingredients, Food Ingredients and Fuel Ingredients. The Firm recycles animal by-product streams into useable and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstocks, green energy, natural casings and hides. The Firm also recovers and converts used cooking oil and commercial bakery residuals into feed and fuel ingredients.
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