Darling Ingredients (NYSE:DAR) EVP Sells $536,720.00 in Stock

Darling Ingredients Inc. (NYSE:DAR) EVP Patrick Mcnutt sold 8,000 shares of Darling Ingredients stock in a transaction on Friday, August 14th. The shares were sold at an average price of $67.09, for a total value of $536,720.00. Following the completion of the transaction, the executive vice president owned 35,777 shares of the company’s stock, valued at approximately $2,400,278.93. The trade was a 18.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Darling Ingredients Price Performance

Shares of DAR stock opened at $66.86 on Monday. The stock’s fifty day moving average is $58.93 and its 200-day moving average is $57.60. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.03 and a current ratio of 1.56. The stock has a market capitalization of $10.55 billion, a PE ratio of 18.02 and a beta of 1.02. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $67.68.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the previous year, the business posted $0.08 earnings per share. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equities research analysts expect that Darling Ingredients Inc. will post 6.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors and hedge funds have recently modified their holdings of the business. SJS Investment Consulting Inc. grew its holdings in shares of Darling Ingredients by 69.9% in the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after acquiring an additional 174 shares during the period. Turtle Creek Wealth Advisors LLC boosted its position in Darling Ingredients by 2.6% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock worth $472,000 after purchasing an additional 196 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in Darling Ingredients by 2.9% in the first quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock worth $481,000 after purchasing an additional 220 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Darling Ingredients by 3.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock valued at $277,000 after purchasing an additional 267 shares during the period. Finally, Basecamp Wealth Advisors LLC increased its position in shares of Darling Ingredients by 35.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock valued at $64,000 after purchasing an additional 270 shares during the last quarter. 94.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target 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. Barclays upped their price objective on Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Weiss Ratings upgraded Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Jefferies Financial Group lifted their target price on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Wall Street Zen upgraded Darling Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Saturday. 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, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus target price of $69.00.

About Darling Ingredients

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.