Key Points
- Director Charles Adair bought 1,000 Darling Ingredients shares at an average price of $60.97, increasing his direct ownership by 1.97% to 51,690 shares.
- Darling Ingredients reported quarterly EPS of $2.41, exceeding the $1.40 analyst consensus, while revenue rose 16.4% year over year to $1.72 billion.
- Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $69.00; the stock recently opened at $59.76.
Darling Ingredients Inc. (NYSE:DAR - Get Free Report) Director Charles Adair purchased 1,000 shares of Darling Ingredients stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average price of $60.97 per share, with a total value of $60,970.00. Following the completion of the purchase, the director directly owned 51,690 shares in the company, valued at $3,151,539.30. This trade represents a 1.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Darling Ingredients Stock Down 1.4%
DAR stock opened at $59.76 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.89 and a quick ratio of 1.03. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 16.11 and a beta of 1.02. The business's fifty day moving average price is $58.53 and its two-hundred day moving average price is $56.26. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week 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 analysts' consensus estimates of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 13.23%. The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same quarter in the previous year, the business posted $0.08 earnings per share. Darling Ingredients's quarterly revenue was up 16.4% on a year-over-year basis. On average, equities analysts anticipate that Darling Ingredients Inc. will post 5.34 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on DAR. Jefferies Financial Group boosted their price objective on shares of Darling Ingredients from $73.00 to $75.00 and gave the company a "buy" rating in a report on Monday, May 4th. TD Cowen lifted their price target on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Scotiabank boosted their price target on Darling Ingredients from $61.00 to $70.00 and gave the company a "sector outperform" rating in a research note on Wednesday, April 22nd. Weiss Ratings raised Darling Ingredients from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $78.00 to $79.00 and gave the company an "overweight" rating in a report on Tuesday, May 12th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $69.00.
View Our Latest Research Report on DAR
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of DAR. Danske Bank A S bought a new position in Darling Ingredients in the third quarter valued at about $25,000. Allworth Financial LP raised its holdings in Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company's stock worth $26,000 after purchasing an additional 509 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company's stock worth $26,000 after purchasing an additional 174 shares during the period. Litman Gregory Wealth Management LLC bought a new stake in shares of Darling Ingredients in the 4th quarter valued at $29,000. Finally, Leonteq Securities AG acquired a new stake in shares of Darling Ingredients during the fourth quarter worth $35,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.
About Darling Ingredients
(
Get Free Report)
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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