Time to Reconsider Darling Ingredients Inc. (DAR) After Touching 52-Week High?

January 14, 2018 - By reb123z

Investors sentiment increased to 1.04 in Q3 2017. Its up 0.11, from 0.93 in 2017Q2. It increased, as 24 investors sold Darling Ingredients Inc. shares while 75 reduced holdings. 35 funds opened positions while 68 raised stakes. 157.64 million shares or 2.85% more from 153.27 million shares in 2017Q2 were reported.
Corecommodity Mngmt Ltd Liability Corporation holds 20,556 shares or 0.34% of its portfolio. Adams Diversified Equity Fund has invested 0.04% in Darling Ingredients Inc. (NYSE:DAR). Goldman Sachs Grp has invested 0% in Darling Ingredients Inc. (NYSE:DAR). Canada Pension Plan Board has invested 0.03% in Darling Ingredients Inc. (NYSE:DAR). State Board Of Administration Of Florida Retirement holds 0.01% of its portfolio in Darling Ingredients Inc. (NYSE:DAR) for 121,591 shares. 490,000 were reported by Carmignac Gestion. Nfc Invs Llc owns 3.38% invested in Darling Ingredients Inc. (NYSE:DAR) for 561,070 shares. 2.75M were accumulated by Jpmorgan Chase And Co. The Maine-based Schroder Invest Grp has invested 0.03% in Darling Ingredients Inc. (NYSE:DAR). Ameriprise Financial Inc owns 1.12 million shares. Blair William & Commerce Il has 102,600 shares. 10,590 were reported by Malaga Cove Ltd. Profund Advsrs Ltd reported 0.02% in Darling Ingredients Inc. (NYSE:DAR). Hussman Strategic Advsr, Maryland-based fund reported 6,000 shares. Bankshares Of America Corporation De stated it has 0% of its portfolio in Darling Ingredients Inc. (NYSE:DAR).

The stock of Darling Ingredients Inc. (NYSE:DAR) hit a new 52-week high and has $20.30 target or 6.00 % above today’s $19.15 share price. The 7 months bullish chart indicates low risk for the $3.15 billion company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $20.30 price target is reached, the company will be worth $189.24 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 2.19% or $0.41 during the last trading session, reaching $19.15. About 1.26 million shares traded or 5.29% up from the average. Darling Ingredients Inc. (NYSE:DAR) has risen 8.56% since January 14, 2017 and is uptrending. It has underperformed by 8.14% the S&P500.

Analysts await Darling Ingredients Inc. (NYSE:DAR) to report earnings on February, 27. They expect $0.11 earnings per share, down 56.00 % or $0.14 from last year’s $0.25 per share. DAR’s profit will be $18.12 million for 43.52 P/E if the $0.11 EPS becomes a reality. After $0.05 actual earnings per share reported by Darling Ingredients Inc. for the previous quarter, Wall Street now forecasts 120.00 % EPS growth.

Darling Ingredients Inc. (NYSE:DAR) Ratings Coverage

Among 10 analysts covering Darling Ingredients (NYSE:DAR), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Darling Ingredients has $22.0 highest and $11 lowest target. $18.89’s average target is -1.36% below currents $19.15 stock price. Darling Ingredients had 28 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Robert W. Baird on Friday, August 11. JP Morgan maintained it with “Overweight” rating and $17 target in Monday, August 15 report. The rating was maintained by J.P. Morgan with “Buy” on Monday, August 14. The rating was maintained by BMO Capital Markets on Monday, June 26 with “Buy”. BMO Capital Markets maintained Darling Ingredients Inc. (NYSE:DAR) on Thursday, August 10 with “Buy” rating. Canaccord Genuity maintained the shares of DAR in report on Monday, November 6 with “Buy” rating. The firm has “Neutral” rating given on Wednesday, October 28 by JP Morgan. The stock of Darling Ingredients Inc. (NYSE:DAR) has “Neutral” rating given on Friday, October 6 by JP Morgan. The rating was upgraded by Goldman Sachs on Wednesday, June 29 to “Buy”. Zacks downgraded the shares of DAR in report on Friday, August 21 to “Hold” rating.

Darling Ingredients Inc. develops, produces, and sells natural ingredients from edible and inedible bio-nutrients worldwide. The company has market cap of $3.15 billion. It operates in three divisions: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It has a 49.87 P/E ratio. The firm offers a range of ingredients and customized specialty solutions for clients in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

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