Darling Ingredients (NYSE:DAR) EVP Sells 8,000 Shares

Darling Ingredients Inc. (NYSE:DAR) EVP Patrick Mcnutt sold 8,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $67.09, for a total value of $536,720.00. Following the sale, the executive vice president owned 35,777 shares in the company, valued at approximately $2,400,278.93. The trade was a 18.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Darling Ingredients Stock Performance

Shares of DAR stock traded up $1.12 during mid-day trading on Friday, reaching $66.86. The stock had a trading volume of 2,061,892 shares, compared to its average volume of 2,633,915. Darling Ingredients Inc. has a 1-year low of $29.15 and a 1-year high of $67.68. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 18.02 and a beta of 1.02. The company has a current ratio of 3.89, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average is $58.78 and its 200-day moving average is $57.43.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $1.01. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Darling Ingredients had a return on equity of 13.23% and a net margin of 9.13%.The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. On average, research analysts forecast that Darling Ingredients Inc. will post 6.98 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on DAR. TD Cowen lifted their price objective on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Jefferies Financial Group increased their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Stephens raised their target price on shares of Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Scotiabank boosted their target price on shares of Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings raised shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Institutional Investors Weigh In On Darling Ingredients

Hedge funds have recently bought and sold shares of the stock. AIA Group Ltd acquired a new position in Darling Ingredients in the first quarter valued at $4,453,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Darling Ingredients during the fourth quarter worth about $585,000. BNP Paribas Financial Markets increased its position in shares of Darling Ingredients by 26.8% during the fourth quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company’s stock worth $47,179,000 after purchasing an additional 277,233 shares in the last quarter. Ninety One UK Ltd lifted its holdings in shares of Darling Ingredients by 28.3% in the 4th quarter. Ninety One UK Ltd now owns 518,796 shares of the company’s stock valued at $18,677,000 after purchasing an additional 114,397 shares during the last quarter. Finally, Strs Ohio lifted its holdings in shares of Darling Ingredients by 7,554.6% in the 1st quarter. Strs Ohio now owns 286,740 shares of the company’s stock valued at $17,735,000 after purchasing an additional 282,994 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Company Profile

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.