Key Points
- Insider transaction: EVP Nicholas James Kemphaus sold 1,591 Darling Ingredients shares for approximately $100,313, reducing his position by 4.34% to 35,087 shares.
- Strong quarterly performance: Darling Ingredients reported quarterly EPS of $2.41, beating estimates of $1.40, while revenue rose 16.4% year over year to $1.72 billion.
- Positive investor sentiment: Institutional investors own 94.44% of the company, and analysts maintain a “Moderate Buy” consensus with an average price target of $69.00.
Darling Ingredients Inc. (NYSE:DAR - Get Free Report) EVP Nicholas James Kemphaus sold 1,591 shares of Darling Ingredients stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $63.05, for a total value of $100,312.55. Following the sale, the executive vice president owned 35,087 shares in the company, valued at $2,212,235.35. This trade represents a 4.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Darling Ingredients Trading Up 5.8%
NYSE:DAR opened at $62.88 on Tuesday. The company has a market capitalization of $9.99 billion, a PE ratio of 16.95 and a beta of 1.02. Darling Ingredients Inc. has a 52-week low of $29.15 and a 52-week high of $66.02. The stock's 50 day moving average price is $58.60 and its 200 day moving average price is $56.97. The company has a quick ratio of 1.03, a current ratio of 3.89 and a debt-to-equity ratio of 0.13.
Darling Ingredients (NYSE:DAR - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $1.40 by $1.01. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. Darling Ingredients had a return on equity of 13.23% and a net margin of 9.13%.The company's revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 earnings per share. On average, research analysts anticipate that Darling Ingredients Inc. will post 6.98 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Darling Ingredients in the second quarter valued at $851,450,000. Vanguard Group Inc. grew its stake 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 worth $554,196,000 after purchasing an additional 512,219 shares during the period. Dimensional Fund Advisors LP grew its stake 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 purchasing an additional 47,565 shares during the period. Deutsche Bank AG purchased a new position in shares of Darling Ingredients in the 2nd quarter valued at about $168,348,000. Finally, Davis Selected Advisers increased its holdings in shares of Darling Ingredients by 15.8% in the 4th quarter. Davis Selected Advisers now owns 2,842,306 shares of the company's stock valued at $102,324,000 after purchasing an additional 388,366 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.
Analyst Upgrades and Downgrades
DAR has been the topic of a number of research reports. JPMorgan Chase & Co. raised 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 downgraded Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 21st. Wall Street Zen upgraded Darling Ingredients from a "hold" rating to a "buy" rating in a research note on Sunday, July 5th. Weiss Ratings raised Darling Ingredients from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 15th. Finally, Barclays upped their price target on Darling Ingredients from $62.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $69.00.
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Darling Ingredients Company Profile
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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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