Darling Ingredients Inc. (NYSE:DAR - Get Free Report) CEO Randall C. Stuewe sold 27,500 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $31.17, for a total value of $857,175.00. Following the completion of the transaction, the chief executive officer directly owned 816,437 shares of the company's stock, valued at approximately $25,448,341.29. The trade was a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Darling Ingredients Stock Up 9.3%
Shares of DAR stock traded up $2.9580 during mid-day trading on Friday, hitting $34.7780. 5,291,981 shares of the stock traded hands, compared to its average volume of 1,992,435. Darling Ingredients Inc. has a 52-week low of $26.00 and a 52-week high of $43.49. The stock has a market cap of $5.50 billion, a P/E ratio of 52.69 and a beta of 1.19. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. The stock's fifty day moving average is $35.16 and its two-hundred day moving average is $33.69.
Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.49 billion. Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The company's revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. Equities analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts have commented on DAR shares. Robert W. Baird reiterated 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 shares of Darling Ingredients in a research report on Wednesday. They issued an "overweight" rating and a $43.00 price objective for the company. Baird R W downgraded shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Piper Sandler cut their price target on shares of Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating on the stock in a research note on Monday, July 28th. Finally, Tudor Pickering upgraded shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. One 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $43.57.
Get Our Latest Stock Analysis on DAR
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in shares of Darling Ingredients during the fourth quarter worth $25,000. Hantz Financial Services Inc. raised its stake in shares of Darling Ingredients by 609.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 653 shares of the company's stock valued at $25,000 after buying an additional 561 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Darling Ingredients in the 1st quarter valued at about $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 886 shares during the period. Finally, Hexagon Capital Partners LLC boosted its stake in shares of Darling Ingredients by 33.3% in the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock worth $62,000 after buying an additional 500 shares during the last quarter. 94.44% of the stock is owned by institutional investors and hedge funds.
About Darling Ingredients
(
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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.
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