Darling Components Inc. (NYSE:DAR – Get Free Report)’s inventory value was up 6% throughout buying and selling on Friday after Jefferies Monetary Group raised their value goal on the inventory from $44.00 to $46.00. Jefferies Monetary Group at present has a purchase ranking on the inventory. Darling Components traded as excessive as $40.04 and final traded at $40.03. Roughly 195,781 shares have been traded throughout buying and selling, a decline of 91% from the common day by day quantity of two,153,902 shares. The inventory had beforehand closed at $37.76.
Different equities analysts additionally just lately issued analysis experiences concerning the firm. Piper Sandler minimize their value goal on Darling Components from $50.00 to $48.00 and set an “obese” ranking on the inventory in a analysis report on Friday, October eleventh. Scotiabank decreased their value goal on shares of Darling Components from $57.00 to $45.00 and set a “sector outperform” ranking for the corporate in a report on Friday, July twelfth. Lastly, TD Cowen dropped their goal value on shares of Darling Components from $45.00 to $43.00 and set a “maintain” ranking on the inventory in a analysis observe on Friday, September thirteenth. Two analysts have rated the inventory with a maintain ranking, seven have given a purchase ranking and one has given a powerful purchase ranking to the corporate’s inventory. In response to MarketBeat, the corporate at present has a consensus ranking of “Average Purchase” and a consensus value goal of $55.90.
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Insiders Place Their Bets
In different information, EVP Robert W. Day bought 2,532 shares of the inventory in a transaction dated Wednesday, July thirty first. The shares have been acquired at a mean price of $39.37 per share, for a complete transaction of $99,684.84. Following the acquisition, the manager vice chairman now owns 12,607 shares of the corporate’s inventory, valued at roughly $496,337.59. This represents a 0.00 % improve of their possession of the inventory. The acquisition was disclosed in a authorized submitting with the Securities & Change Fee, which might be accessed by this hyperlink. 2.62% of the inventory is at present owned by company insiders.
Institutional Buying and selling of Darling Components
A number of hedge funds and different institutional buyers have just lately made modifications to their positions within the enterprise. GAMMA Investing LLC elevated its place in Darling Components by 173.9% throughout the third quarter. GAMMA Investing LLC now owns 830 shares of the corporate’s inventory valued at $31,000 after shopping for a further 527 shares within the final quarter. Signaturefd LLC grew its stake in shares of Darling Components by 75.0% throughout the third quarter. Signaturefd LLC now owns 901 shares of the corporate’s inventory price $33,000 after buying a further 386 shares over the last quarter. Blue Belief Inc. elevated its holdings in shares of Darling Components by 38.0% throughout the third quarter. Blue Belief Inc. now owns 1,046 shares of the corporate’s inventory valued at $38,000 after buying a further 288 shares within the final quarter. Quarry LP boosted its stake in Darling Components by 893.8% within the 2nd quarter. Quarry LP now owns 2,584 shares of the corporate’s inventory price $95,000 after buying a further 2,324 shares within the final quarter. Lastly, Neo Ivy Capital Administration bought a brand new stake in Darling Components throughout the 2nd quarter price roughly $140,000. Hedge funds and different institutional buyers personal 94.44% of the corporate’s inventory.
Darling Components Value Efficiency
The inventory’s 50 day easy transferring common is $37.60 and its 200-day easy transferring common is $38.94. The agency has a market cap of $6.25 billion, a price-to-earnings ratio of 11.71 and a beta of 1.24. The corporate has a debt-to-equity ratio of 0.95, a fast ratio of 0.91 and a present ratio of 1.57.
Darling Components (NYSE:DAR – Get Free Report) final issued its earnings outcomes on Thursday, October twenty fourth. The corporate reported $0.11 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $0.40 by ($0.29). The agency had income of $1.42 billion throughout the quarter, in comparison with analysts’ expectations of $1.48 billion. Darling Components had a return on fairness of 8.38% and a internet margin of 6.04%. The enterprise’s income was down 12.5% on a year-over-year foundation. Throughout the identical quarter final 12 months, the enterprise earned $0.77 EPS. Equities analysis analysts anticipate that Darling Components Inc. will submit 2.26 EPS for the present fiscal 12 months.
About Darling Components
Darling Components Inc develops, produces, and sells pure elements from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The corporate operates by three segments: Feed Components, Meals Components, and Gas Components. It affords elements and customised specialty options for patrons within the pharmaceutical, meals, pet meals, feed, industrial, gas, bioenergy, and fertilizer industries.
Additional Studying
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