Key Points
- Executive stock sale: Darling Ingredients EVP Patrick McNutt sold 8,000 shares for approximately $536,720 at an average price of $67.09, reducing his direct holdings by 18.27% to 35,777 shares.
- Strong quarterly performance: The company reported quarterly EPS of $2.41, surpassing the $1.40 analyst consensus, while revenue rose 16.4% year over year to $1.72 billion.
- Positive analyst sentiment: Darling Ingredients has a consensus “Moderate Buy” rating from analysts, with an average price target of $69.00; shares opened at $66.86 and were trading near their 52-week high.
Darling Ingredients Inc. (NYSE:DAR - Get Free Report) EVP Patrick Mcnutt sold 8,000 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $67.09, for a total transaction of $536,720.00. Following the completion of the sale, the executive vice president directly owned 35,777 shares of the company's stock, valued at $2,400,278.93. The trade was a 18.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Darling Ingredients Trading Up 1.7%
DAR opened at $66.86 on Friday. The firm's fifty day moving average is $58.93 and its two-hundred day moving average is $57.49. The firm has a market cap of $10.55 billion, a PE ratio of 18.02 and a beta of 1.02. Darling Ingredients Inc. has a twelve month low of $29.15 and a twelve month high of $67.68. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56.
Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.41 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 company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm posted $0.08 earnings per share. Darling Ingredients's revenue was up 16.4% compared to the same quarter last year. Equities research analysts anticipate that Darling Ingredients Inc. will post 6.98 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. TD Cowen upped their target price on Darling Ingredients from $70.00 to $80.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Weiss Ratings raised Darling Ingredients from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday. Stephens raised their target price on shares of Darling Ingredients from $65.00 to $70.00 and gave the company an "overweight" rating in a report on Tuesday, April 21st. Wall Street Zen raised shares of Darling Ingredients from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Jefferies Financial Group increased their target price on shares of Darling Ingredients from $73.00 to $75.00 and gave the stock a "buy" rating in a report on Monday, May 4th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $69.00.
View Our Latest Stock Analysis on Darling Ingredients
Hedge Funds Weigh In On Darling Ingredients
Several institutional investors and hedge funds have recently added to or reduced their stakes in DAR. Goldman Sachs Group Inc. lifted its holdings in shares of Darling Ingredients by 17.0% during the first quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company's stock worth $20,119,000 after purchasing an additional 93,408 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Darling Ingredients by 10.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company's stock valued at $18,768,000 after purchasing an additional 58,925 shares during the period. Focus Partners Wealth bought a new position in Darling Ingredients during the 1st quarter worth $205,000. M&T Bank Corp lifted its holdings in Darling Ingredients by 11.2% during the 2nd quarter. M&T Bank Corp now owns 8,384 shares of the company's stock worth $318,000 after buying an additional 847 shares during the period. Finally, Invesco Ltd. lifted its holdings in Darling Ingredients by 5.0% during the 2nd quarter. Invesco Ltd. now owns 677,528 shares of the company's stock worth $25,705,000 after buying an additional 32,553 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.
Darling Ingredients Company Profile
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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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