Darling Ingredients (NYSE:DAR) CEO Sells $1,082,200.00 in Stock

Key Points

• Darling Ingredients CEO Randall Stuewe sold 35,000 shares on August 18 for about $1.08 million, reducing his stake by 4.29% to approximately 781,437 shares.
• The company's recent quarterly earnings revealed an EPS of $0.09, falling short of the $0.12 estimate, despite a year-over-year revenue increase of 1.8% to $1.48 billion.
• Analyst ratings for Darling Ingredients vary, with one firm upgrading it to "hold" and others adjusting price targets, resulting in an average target price of $45.86 amidst a "Moderate Buy" rating.

Darling Ingredients Inc. (NYSE:DAR - Get Free Report) CEO Randall C. Stuewe sold 35,000 shares of Darling Ingredients stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $30.92, for a total value of $1,082,200.00. Following the transaction, the chief executive officer owned 781,437 shares of the company's stock, valued at $24,162,032.04. This represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Darling Ingredients Stock Performance

Shares of NYSE DAR traded up $2.9580 during midday trading on Friday, hitting $34.7780. 5,291,981 shares of the company's stock were exchanged, compared to its average volume of 1,992,435. The company has a quick ratio of 0.89, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The company's 50 day moving average price is $35.16 and its 200 day moving average price is $33.69. The firm has a market capitalization of $5.50 billion, a PE ratio of 52.69 and a beta of 1.19.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The business's revenue was up 1.8% compared to the same quarter last year. As a group, analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Jefferies Financial Group lifted their target price on Darling Ingredients from $45.00 to $46.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Piper Sandler reduced their price target on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, July 28th. Robert W. Baird restated a "neutral" rating and issued a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th. JPMorgan Chase & Co. began coverage on Darling Ingredients in a research note on Wednesday. They issued an "overweight" rating and a $43.00 price target for the company. Finally, TD Cowen reduced their price target on Darling Ingredients from $37.00 to $34.00 and set a "hold" rating for the company in a research note on Friday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.57.

Hedge Funds Weigh In On Darling Ingredients

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DAR. Heck Capital Advisors LLC acquired a new position in Darling Ingredients in the 4th quarter valued at $25,000. Hantz Financial Services Inc. raised its holdings in Darling Ingredients by 609.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company's stock valued at $25,000 after acquiring an additional 561 shares in the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in Darling Ingredients in the 1st quarter valued at $30,000. EverSource Wealth Advisors LLC raised its holdings in Darling Ingredients by 681.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company's stock valued at $39,000 after acquiring an additional 886 shares in the last quarter. Finally, Hexagon Capital Partners LLC raised its holdings in Darling Ingredients by 33.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock valued at $62,000 after acquiring an additional 500 shares in the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.