Darling Ingredients (NYSE:DAR) Director Charles Adair Buys 500 Shares of Stock

Key Points

• Darling Ingredients Director Charles Adair bought 500 shares at $51.19 each, spending $25,595 and increasing his holdings by 0.97% to 52,190 shares.
• The company reported quarterly EPS of $1.67, slightly below the $1.70 consensus, while revenue of $1.79 billion matched expectations.
• Analysts’ consensus rating was “Moderate Buy”, with an average price target of $73.80; 94.44% of shares were held by hedge funds and other institutional investors.

Darling Ingredients Inc. (NYSE:DAR - Get Free Report) Director Charles Adair bought 500 shares of the company's stock in a transaction on Tuesday, November 10th. The stock was bought at an average price of $51.19 per share, for a total transaction of $25,595.00. Following the completion of the purchase, the director owned 52,190 shares of the company's stock, valued at approximately $2,671,606.10. The trade was a 0.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock traded up $1.23 on Thursday, reaching $55.41. 2,593,049 shares of the company traded hands, compared to its average volume of 2,592,252. Darling Ingredients Inc. has a 52 week low of $31.81 and a 52 week high of $69.98. The company has a 50 day moving average of $60.23 and a 200 day moving average of $58.66. The firm has a market capitalization of $8.74 billion, a PE ratio of 10.53 and a beta of 1.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.03). Darling Ingredients had a return on equity of 17.76% and a net margin of 12.48%. The company had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.79 billion. During the same quarter in the previous year, the business earned $0.12 EPS. Equities analysts forecast that Darling Ingredients Inc. will post 6.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DAR. Barclays lifted their price objective on Darling Ingredients from $62.00 to $65.00 and gave the stock an "equal weight" rating in a report on Monday, August 3rd. Wall Street Zen lowered shares of Darling Ingredients from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 31st. UBS Group increased their target price on shares of Darling Ingredients from $78.00 to $88.00 and gave the stock a "buy" rating in a research report on Tuesday, September 22nd. Weiss Ratings upgraded shares of Darling Ingredients from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, October 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Darling Ingredients from $82.00 to $83.00 and gave the company an "overweight" rating in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $73.80.

Hedge Funds Weigh In On Darling Ingredients

Several hedge funds have recently made changes to their positions in the stock. Financial Management Professionals Inc. bought a new stake in shares of Darling Ingredients during the 3rd quarter valued at $26,000. McCarley & Cook Financial Planners bought a new position in Darling Ingredients in the 3rd quarter worth about $30,000. Pension & Wealth Management Advisors Inc. bought a new position in Darling Ingredients in the 3rd quarter worth about $34,000. Jacobi Capital Management LLC bought a new position in Darling Ingredients in the 3rd quarter worth about $51,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in Darling Ingredients during the 2nd quarter valued at about $53,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

About Darling Ingredients

Darling Ingredients Inc. collects and transforms animal by-products and other organic materials into ingredients and products used in food, animal feed, fuel and other markets. Its operations help convert materials from meat processing, food production and used cooking oils into usable fats, proteins, oils and other ingredients. The company's businesses span feed ingredients, food ingredients and fuel ingredients. Products include animal nutrition ingredients, gelatin and collagen, and fats and oils used in food and industrial applications.

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