Insider Selling: Darling Ingredients (NYSE:DAR) EVP Sells 1,591 Shares of Stock

Darling Ingredients Inc. (NYSE:DAR) EVP Nicholas James Kemphaus sold 1,591 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $63.05, for a total value of $100,312.55. Following the completion of the sale, the executive vice president owned 35,087 shares of the company’s stock, valued at $2,212,235.35. This trade represents a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Darling Ingredients Price Performance

Shares of NYSE:DAR traded up $3.47 during midday trading on Monday, reaching $62.88. 2,203,802 shares of the company’s stock traded hands, compared to its average volume of 2,655,203. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02. The company has a market cap of $9.99 billion, a P/E ratio of 16.95 and a beta of 1.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.03 and a current ratio of 3.89. The company has a fifty day simple moving average of $58.55 and a two-hundred day simple moving average of $56.81.

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. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Darling Ingredients had a net margin of 9.13% and a return on equity of 13.23%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. Equities analysts predict that Darling Ingredients Inc. will post 6.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Darling Ingredients

Large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Darling Ingredients in the second quarter worth about $851,450,000. Vanguard Group Inc. grew its stake in Darling Ingredients by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock valued at $554,196,000 after acquiring an additional 512,219 shares in the last quarter. Dimensional Fund Advisors LP grew 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 acquiring an additional 47,565 shares in the last quarter. Deutsche Bank AG acquired a new stake in Darling Ingredients in the 2nd quarter valued at about $168,348,000. Finally, Davis Selected Advisers lifted its stake in Darling Ingredients by 15.8% in the 4th quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock worth $102,324,000 after purchasing an additional 388,366 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on DAR shares. Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. Scotiabank boosted their price objective on Darling Ingredients from $61.00 to $70.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. increased their target price on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Finally, TD Cowen increased their target price on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 27th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.