Insider Selling: Darling Ingredients (NYSE:DAR) EVP Sells $100,312.55 in Stock

Darling Ingredients Inc. (NYSE:DAR) EVP Nicholas James Kemphaus sold 1,591 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $63.05, for a total transaction of $100,312.55. Following the completion of the transaction, the executive vice president owned 35,087 shares in the company, valued at approximately $2,212,235.35. The trade was a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Darling Ingredients Trading Up 1.8%

NYSE DAR opened at $63.47 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 3.89. Darling Ingredients Inc. has a one year low of $29.15 and a one year high of $66.02. The company has a 50-day simple moving average of $58.68 and a 200-day simple moving average of $57.27. The firm has a market capitalization of $10.02 billion, a PE ratio of 17.11 and a beta of 1.02.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings raised Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. TD Cowen raised their target price on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Scotiabank boosted their price target on shares of Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Jefferies Financial Group upped their price target on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Institutional Trading of Darling Ingredients

Large investors have recently added to or reduced their stakes in the business. Danske Bank A S acquired a new position in Darling Ingredients during the 3rd quarter worth $25,000. Allworth Financial LP increased its holdings in shares of Darling Ingredients by 227.2% during the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after purchasing an additional 509 shares during the period. SJS Investment Consulting Inc. raised its stake in shares of Darling Ingredients by 69.9% during the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after purchasing an additional 174 shares in the last quarter. Litman Gregory Wealth Management LLC bought a new stake in shares of Darling Ingredients during the fourth quarter valued at about $29,000. Finally, Leonteq Securities AG acquired a new stake in Darling Ingredients in the fourth quarter worth about $35,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

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.