Darling Ingredients Inc. (NYSE:DAR - Get Free Report) CAO Joseph Manzi sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $67.27, for a total transaction of $67,270.00. Following the transaction, the chief accounting officer directly owned 18,969 shares of the company's stock, valued at $1,276,044.63. This trade represents a 5.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Darling Ingredients Stock Performance
NYSE:DAR opened at $68.27 on Wednesday. The company has a market cap of $10.77 billion, a P/E ratio of 18.40 and a beta of 1.02. The firm's 50 day moving average is $59.31 and its two-hundred day moving average is $57.94. Darling Ingredients Inc. has a fifty-two week low of $29.15 and a fifty-two week high of $68.59. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73.
Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 12.98%. The business's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.08 EPS. Analysts expect that Darling Ingredients Inc. will post 6.98 EPS for the current year.
Analysts Set New Price Targets
Several brokerages have commented on DAR. Jefferies Financial Group upped their price target on Darling Ingredients from $73.00 to $75.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. Scotiabank lifted their price objective 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. Stephens boosted their target price on Darling Ingredients from $65.00 to $70.00 and gave the stock an "overweight" rating in a report on Tuesday, April 21st. TD Cowen increased 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, JPMorgan Chase & Co. raised their price target on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an "overweight" rating in a report on Tuesday, May 12th. 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 presently has an average rating of "Moderate Buy" and a consensus target price of $69.00.
Read Our Latest Analysis on Darling Ingredients
Institutional Trading of Darling Ingredients
Several large investors have recently added to or reduced their stakes in the stock. SJS Investment Consulting Inc. lifted its stake in shares of Darling Ingredients by 69.9% during the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company's stock worth $26,000 after purchasing an additional 174 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company's stock valued at $26,000 after buying an additional 509 shares during the period. Cedar Mountain Advisors LLC purchased a new stake in shares of Darling Ingredients during the 1st quarter valued at about $47,000. Litman Gregory Wealth Management LLC acquired a new position in Darling Ingredients during the 4th quarter worth approximately $29,000. Finally, Danske Bank A S acquired a new position in Darling Ingredients during the 3rd quarter worth approximately $25,000. 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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