Darling Ingredients (NYSE:DAR) Director Charles Adair Buys 1,000 Shares

Darling Ingredients Inc. (NYSE:DAR) Director Charles Adair purchased 1,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were acquired at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the completion of the transaction, the director directly owned 51,690 shares in the company, valued at approximately $3,151,539.30. This represents a 1.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Darling Ingredients Price Performance

Shares of NYSE DAR 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 business has a 50-day moving average of $58.53 and a 200-day moving average of $56.26. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 16.11 and a beta of 1.02. 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) last released its earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $1.01. Darling Ingredients had a return on equity of 13.23% and a net margin of 9.13%.The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company posted $0.08 earnings per share. Darling Ingredients’s revenue was up 16.4% on a year-over-year basis. As a group, sell-side analysts predict that Darling Ingredients Inc. will post 5.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DAR. JPMorgan Chase & Co. raised their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Stephens increased their price target on shares of Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. TD Cowen lifted their price objective 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. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 15th. Finally, Jefferies Financial Group upped their target price 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. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $69.00.

Institutional Investors Weigh In On Darling Ingredients

Hedge funds have recently added to or reduced their stakes in the business. Danske Bank A S bought a new position in shares of Darling Ingredients in the third quarter valued at about $25,000. Allworth Financial LP boosted 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 worth $26,000 after buying an additional 509 shares during the period. SJS Investment Consulting Inc. grew its stake in Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 174 shares during the last quarter. Litman Gregory Wealth Management LLC bought a new position in Darling Ingredients in the 4th quarter valued at about $29,000. Finally, Leonteq Securities AG bought a new position in Darling Ingredients in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Company Profile

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.