Darling Ingredients (NYSE:DAR) Stock Price Up 3.9% - Here's What Happened

Key Points

• Darling Ingredients shares rose 3.9% to $63.81 in mid-day trading, outperforming the prior close of $61.39, though trading volume was about 90% below the daily average.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $69; several firms recently raised their targets to between $75 and $80.
• The company’s latest quarterly results exceeded expectations, with EPS of $2.41 versus the $1.40 consensus and revenue up 16.4% year over year to $1.72 billion. Institutional investors own 94.44% of the stock, while insiders have sold shares worth about $704,303 over the past 90 days.

Darling Ingredients Inc. (NYSE:DAR - Get Free Report)'s share price shot up 3.9% during mid-day trading on Friday . The stock traded as high as $64.32 and last traded at $63.81. Approximately 252,662 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 2,639,745 shares. The stock had previously closed at $61.39.

Wall Street Analysts Forecast Growth

DAR has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price objective 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. JPMorgan Chase & Co. increased their price target on Darling Ingredients from $78.00 to $79.00 and gave the stock an "overweight" rating in a report on Tuesday, May 12th. Zacks Research raised Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 19th. TD Cowen boosted their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Finally, Wall Street Zen raised shares of Darling Ingredients from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $69.00.

Darling Ingredients Trading Up 2.2%

The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56. The firm has a fifty day moving average of $60.47 and a 200 day moving average of $58.77. The firm has a market capitalization of $9.90 billion, a PE ratio of 16.91 and a beta of 1.02.

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, topping analysts' consensus estimates of $1.40 by $1.01. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period in the previous year, the company earned $0.08 earnings per share. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. Equities research analysts expect that Darling Ingredients Inc. will post 6.98 EPS for the current year.

Insider Transactions at Darling Ingredients

In other news, EVP Nicholas James Kemphaus sold 1,591 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $63.05, for a total value of $100,312.55. Following the completion of the sale, the executive vice president directly owned 35,087 shares in the company, valued at approximately $2,212,235.35. The trade was a 4.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Joseph Manzi sold 1,000 shares of Darling Ingredients stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total transaction of $67,270.00. Following the completion of the sale, the chief accounting officer owned 18,969 shares in the company, valued at approximately $1,276,044.63. This represents a 5.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 10,591 shares of company stock worth $704,303. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Darling Ingredients during the 2nd quarter valued at $851,450,000. Vanguard Group Inc. increased its holdings in shares of Darling Ingredients by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company's stock valued at $554,196,000 after acquiring an additional 512,219 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Darling Ingredients by 5,391.4% in the 2nd quarter. California State Teachers Retirement System now owns 10,054,504 shares of the company's stock valued at $549,177,000 after purchasing an additional 9,871,409 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Darling Ingredients by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company's stock worth $498,927,000 after buying an additional 47,565 shares during the period. Finally, Deutsche Bank AG acquired a new stake in Darling Ingredients in the 2nd quarter valued at about $168,348,000. Institutional investors and hedge funds own 94.44% of the company's stock.

About Darling Ingredients

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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