Darling Ingredients Inc. (DAR) Downgraded by BidaskClub

Darling Ingredients Mixes Up a Decent Quarter

Wall Street Access Asset Management Llc, which manages about $292.09M and $179.83 million US Long portfolio, upped its stake in Verizon Communicat (NYSE:VZ) by 17,900 shares to 24,269 shares, valued at $1.30 million in 2016Q4, according to the filing. NGAM Advisors L.P.'s holdings in Darling Ingredients were worth $2,402,000 as of its most recent filing with the SEC. Metropolitan Life Insurance Co. Finally, Amalgamated Bank raised its position in Darling Ingredients by 1.4% in the second quarter. Prudential Financial Inc. now owns 1,062,081 shares of the company's stock worth $15,421,000 after buying an additional 88,060 shares in the last quarter. Gates Capital Management Inc sold 1.80 million shares as the company's stock rose 25.73% with the market. BlackRock Inc. now owns 20,437,790 shares of the company's stock valued at $296,758,000 after buying an additional 20,179,041 shares during the last quarter. State Street Corp boosted its stake in shares of Darling Ingredients by 5.5% in the first quarter. Institutional investors and hedge funds own 95.03% of the company's stock. World Asset Management Inc now owns 10,474 shares of the company's stock worth $152,000 after buying an additional 94 shares during the period. Intrust Bancorp Na has invested 0.29% in Darling Ingredients Inc (NYSE:DAR).

The company is so far trading down by -0.56 percent from yesterday's close. The company has a market capitalization of $2.64 billion, a PE ratio of 31.55 and a beta of 1.61.

It is trading at $16.43 which is slightly above $16.24, the 50 day moving average and a tad above the 200 day moving average of $14.87. Darling Ingredients Inc (NYSE:DAR) has risen 8.56% since August 11, 2016 and is uptrending. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by $0.05. Darling Ingredients had a return on equity of 5.15% and a net margin of 3.06%. The company had revenue of $896.30 million for the quarter, compared to the consensus estimate of $890.91 million. During the same period in the previous year, the company earned $0.19 earnings per share. Darling Ingredients's revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities analysts anticipate that Darling Ingredients Inc will post $0.52 earnings per share for the current year. If you are reading this story on another site, it was illegally stolen and reposted in violation of USA & worldwide trademark and copyright laws. Victory Capital Management Inc. acquired a new stake in Darling Ingredients during the first quarter worth $146,000.

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A number of research firms have recently weighed in on DAR. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Zacks downgraded the shares of DAR in report on Friday, August 21 to "Hold" rating. BMO Capital Markets restated a "buy" rating and issued a $19.00 price objective on shares of Darling Ingredients in a research report on Tuesday, May 16th. BidaskClub downgraded Darling Ingredients from a "buy" rating to a "hold" rating in a research report on Thursday, August 3rd. The company now has a consensus rating of "Buy" and an average price target of $17.83. Also, CFO Patrick C. Lynch bought 18,820 shares of Darling Ingredients stock in a transaction dated Friday, May 19th. The stock was purchased at an average cost of $15.20 per share, for a total transaction of $299,592.00. LLC now owns 27,457 shares of the company's stock valued at $432,000 after buying an additional 100 shares during the last quarter. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

In other news, CFO Patrick C. Lynch acquired 19,710 shares of the business's stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average cost of $16.39 per share, with a total value of $300,543.43. The disclosure for this purchase can be found here. Insiders have bought 56,867 shares of company stock worth $899,938 over the last ninety days. Following the completion of the transaction, the chief financial officer now directly owns 110,138 shares of the company's stock, valued at approximately $1,674,097.60.

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.

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