Key Points
- Director Charles Adair bought 500 Darling Ingredients shares at an average price of $51.19, investing $25,595. His holdings increased 0.97% to 52,190 shares.
- Darling Ingredients reported quarterly EPS of $1.67, slightly below analysts’ $1.70 estimate, while revenue of $1.79 billion matched expectations. EPS was up from $0.12 in the year-earlier quarter.
- Analysts’ consensus rating was Moderate Buy, with a consensus price target of $73.80; the ratings included one Strong Buy, nine Buys and two Holds.
Darling Ingredients Inc. (NYSE:DAR - Get Free Report) Director Charles Adair bought 500 shares of the company's stock in a transaction dated Tuesday, November 10th. The shares were acquired at an average price of $51.19 per share, for a total transaction of $25,595.00. Following the acquisition, the director owned 52,190 shares in the company, valued at approximately $2,671,606.10. This represents a 0.97% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Darling Ingredients Stock Up 2.3%
NYSE:DAR opened at $55.41 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.42 and a quick ratio of 1.03. The firm's 50-day moving average price is $59.99 and its 200-day moving average price is $58.73. The company has a market capitalization of $8.59 billion, a PE ratio of 9.76 and a beta of 1.00. Darling Ingredients Inc. has a 1-year low of $31.81 and a 1-year high of $69.98.
Darling Ingredients (NYSE:DAR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $1.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.70 by ($0.03). Darling Ingredients had a net margin of 12.48% and a return on equity of 17.40%. The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.79 billion. During the same period last year, the business earned $0.12 earnings per share. On average, equities analysts predict that Darling Ingredients Inc. will post 6.85 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have weighed in on DAR shares. TD Cowen raised their target price on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, July 27th. Weiss Ratings raised Darling Ingredients from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, October 12th. Stephens reissued an "overweight" rating and issued a $80.00 price target on shares of Darling Ingredients in a research report on Thursday, October 15th. JPMorgan Chase & Co. upped their price target on Darling Ingredients from $82.00 to $83.00 and gave the stock an "overweight" rating in a research note on Monday, October 12th. 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. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $73.80.
Check Out Our Latest Report on DAR
Hedge Funds Weigh In On Darling Ingredients
Several large investors have recently modified their holdings of DAR. BlackRock Inc. purchased a new stake in Darling Ingredients during the 2nd quarter valued at about $851,450,000. Dimensional Fund Advisors LP increased its stake in Darling Ingredients by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company's stock valued at $498,927,000 after purchasing an additional 47,565 shares in the last quarter. Deutsche Bank AG purchased a new position in Darling Ingredients in the second quarter worth about $168,348,000. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Darling Ingredients by 1.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,216,200 shares of the company's stock worth $134,546,000 after buying an additional 38,398 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Darling Ingredients in the second quarter worth approximately $129,371,000. Hedge funds and other institutional investors own 94.44% of the company's stock.
About Darling Ingredients
(
Get Free Report)
Darling Ingredients Inc. collects and transforms animal by-products and other organic materials into ingredients and products used in food, animal feed, fuel and other markets. Its operations help convert materials from meat processing, food production and used cooking oils into usable fats, proteins, oils and other ingredients. The company's businesses span feed ingredients, food ingredients and fuel ingredients. Products include animal nutrition ingredients, gelatin and collagen, and fats and oils used in food and industrial applications.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
