Darling Ingredients (NYSE:DAR) Stock: Insider Charles Adair Acquires 500 Shares

Darling Ingredients Inc. (NYSE:DAR) Director Charles Adair bought 500 shares of the stock in a transaction on Tuesday, November 10th. The shares were acquired at an average cost of $51.19 per share, for a total transaction of $25,595.00. Following the purchase, the director owned 52,190 shares in the company, valued at $2,671,606.10. The trade was a 0.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Darling Ingredients Price Performance

Shares of Darling Ingredients stock traded up $0.64 during trading hours on Friday, reaching $56.00. 1,252,750 shares of the company’s stock were exchanged, compared to its average volume of 2,578,561. The business has a fifty day moving average of $59.79 and a two-hundred day moving average of $58.79. The company has a market capitalization of $8.68 billion, a P/E ratio of 10.65 and a beta of 1.00. The company has a quick ratio of 1.03, a current ratio of 1.42 and a debt-to-equity ratio of 0.63. Darling Ingredients Inc. has a 1 year low of $31.81 and a 1 year high of $69.98.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.03). The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Darling Ingredients had a return on equity of 17.40% and a net margin of 12.48%. During the same period in the prior year, the business posted $0.12 earnings per share. As a group, research analysts predict that Darling Ingredients Inc. will post 6.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings raised shares of Darling Ingredients from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 12th. TD Cowen upped their price target on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. UBS Group increased their price target on Darling Ingredients from $78.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, September 22nd. Wall Street Zen downgraded Darling Ingredients from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.80.

Institutional Investors Weigh In On Darling Ingredients

Several hedge funds and other institutional investors have recently bought and sold shares of DAR. Marshall Wace LLP raised its stake in Darling Ingredients by 112.3% during the third quarter. Marshall Wace LLP now owns 622,823 shares of the company’s stock worth $37,812,000 after purchasing an additional 329,426 shares during the period. Empowered Funds LLC grew its stake in shares of Darling Ingredients by 508.9% in the 3rd quarter. Empowered Funds LLC now owns 327,814 shares of the company’s stock valued at $19,902,000 after buying an additional 273,979 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Darling Ingredients by 240.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 211,849 shares of the company’s stock valued at $12,861,000 after buying an additional 149,596 shares during the period. Bleakley Financial Group LLC increased its holdings in shares of Darling Ingredients by 86.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 22,789 shares of the company’s stock worth $1,384,000 after buying an additional 10,575 shares during the last quarter. Finally, AlphaGrep UK Ltd acquired a new stake in shares of Darling Ingredients during the 3rd quarter worth approximately $528,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Company Profile

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.