Darling Ingredients (NYSE:DAR) Announces Earnings Results, Misses Estimates By $0.01 EPS

Darling Ingredients (NYSE:DAR) issued its quarterly earnings results on Thursday. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01), Zacks reports. Darling Ingredients had a net margin of 1.84% and a return on equity of 2.41%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $0.11 earnings per share. Darling Ingredients’s revenue was up 10.0% compared to the same quarter last year.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock opened at $34.53 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. Darling Ingredients has a one year low of $26.00 and a one year high of $43.49. The stock has a market capitalization of $5.46 billion, a P/E ratio of 51.54, a price-to-earnings-growth ratio of 2.09 and a beta of 1.22. The business’s 50 day simple moving average is $32.07 and its two-hundred day simple moving average is $33.08.

Insider Activity at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 35,000 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the transaction, the chief executive officer directly owned 781,437 shares of the company’s stock, valued at $24,162,032.04. This represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.62% of the company’s stock.

Institutional Investors Weigh In On Darling Ingredients

Several institutional investors have recently modified their holdings of DAR. EverSource Wealth Advisors LLC increased its holdings in shares of Darling Ingredients by 681.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock valued at $39,000 after acquiring an additional 886 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Darling Ingredients in the second quarter valued at approximately $186,000. Focus Partners Wealth purchased a new position in Darling Ingredients in the first quarter worth approximately $205,000. Caxton Associates LLP acquired a new position in Darling Ingredients during the second quarter worth $210,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in Darling Ingredients during the second quarter worth $241,000. 94.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DAR shares. Zacks Research cut Darling Ingredients from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 16th. Baird R W lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 25th. Robert W. Baird reiterated a “neutral” rating and issued a $36.00 price objective (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a research note on Friday. Finally, Piper Sandler cut their price target on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Darling Ingredients Company Profile

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.