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

Key Points

• Insider sale: EVP Nicholas James Kemphaus sold 1,591 Darling Ingredients shares for approximately $100,313, reducing his ownership by 4.34% to 35,087 shares.
• Strong quarterly performance: Darling Ingredients reported quarterly EPS of $2.41, beating estimates by $1.01, while revenue rose 16.4% year over year to $1.72 billion.
• Positive market outlook: Shares rose 5.8% to $62.88, and analysts maintain a “Moderate Buy” consensus with an average price target of $69.00; institutional investors own 94.44% of the stock.

Darling Ingredients Inc. (NYSE:DAR - Get Free Report) EVP Nicholas James Kemphaus sold 1,591 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $63.05, for a total transaction of $100,312.55. Following the transaction, the executive vice president owned 35,087 shares in the company, valued at approximately $2,212,235.35. This represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Darling Ingredients Stock Up 5.8%

NYSE:DAR traded up $3.47 during trading hours on Monday, reaching $62.88. The company's stock had a trading volume of 2,203,802 shares, compared to its average volume of 2,655,203. The stock has a 50 day moving average price of $58.55 and a two-hundred day moving average price of $56.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 3.89. The company has a market capitalization of $9.99 billion, a P/E ratio of 16.95 and a beta of 1.02. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $66.02.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $1.01. Darling Ingredients had a return on equity of 13.23% and a net margin of 9.13%.The business had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter last year, the firm earned $0.08 EPS. The business's revenue for the quarter was up 16.4% on a year-over-year basis. Equities analysts predict that Darling Ingredients Inc. will post 6.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Darling Ingredients

Hedge funds have recently modified their holdings of the stock. AIA Group Ltd purchased a new position in Darling Ingredients in the first quarter valued at $4,453,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Darling Ingredients during the 4th quarter worth about $585,000. BNP Paribas Financial Markets boosted its stake in shares of Darling Ingredients by 26.8% during the 4th quarter. BNP Paribas Financial Markets now owns 1,310,516 shares of the company's stock worth $47,179,000 after acquiring an additional 277,233 shares in the last quarter. Ninety One UK Ltd grew its position in shares of Darling Ingredients by 28.3% during the 4th quarter. Ninety One UK Ltd now owns 518,796 shares of the company's stock valued at $18,677,000 after acquiring an additional 114,397 shares during the period. Finally, Strs Ohio increased its stake 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 in the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Scotiabank lifted their price objective on shares of Darling Ingredients from $61.00 to $70.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, April 22nd. Jefferies Financial Group increased their target price on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a "buy" rating in a research report on Monday, May 4th. Zacks Research downgraded shares of Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 21st. Wall Street Zen raised shares of Darling Ingredients from a "hold" rating to a "buy" rating in a report on Sunday, July 5th. Finally, Weiss Ratings raised Darling Ingredients from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, July 15th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Darling Ingredients has a consensus rating of "Moderate Buy" and a consensus price target of $69.00.

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.

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