Darling Ingredients Inc (NYSE:DAR) Director Charles L. Adair purchased 1,000 shares of the business’s stock in a transaction dated Friday, November 16th. The stock was purchased at an average price of $20.15 per share, for a total transaction of $20,150.00. Following the completion of the acquisition, the director now owns 14,664 shares of the company’s stock, valued at $295,479.60. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Darling Ingredients stock traded up $0.28 during trading on Wednesday, reaching $21.23. The stock had a trading volume of 23,675 shares, compared to its average volume of 1,794,537. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 88.21 and a beta of 1.07. Darling Ingredients Inc has a 52 week low of $16.26 and a 52 week high of $22.11. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.81 and a quick ratio of 1.06.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Tuesday, November 6th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). The firm had revenue of $812.58 million during the quarter, compared to the consensus estimate of $859.52 million. Darling Ingredients had a net margin of 4.78% and a return on equity of 5.36%. The business’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 earnings per share. On average, equities analysts expect that Darling Ingredients Inc will post 0.92 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Darling Ingredients by 3.5% during the third quarter. BlackRock Inc. now owns 23,746,088 shares of the company’s stock worth $458,776,000 after acquiring an additional 802,763 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Darling Ingredients by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 13,748,605 shares of the company’s stock worth $273,323,000 after acquiring an additional 84,467 shares in the last quarter. Jennison Associates LLC raised its holdings in Darling Ingredients by 6.2% during the second quarter. Jennison Associates LLC now owns 3,501,271 shares of the company’s stock worth $69,605,000 after acquiring an additional 203,992 shares in the last quarter. Northern Trust Corp raised its holdings in Darling Ingredients by 0.8% during the second quarter. Northern Trust Corp now owns 3,443,222 shares of the company’s stock worth $68,452,000 after acquiring an additional 26,518 shares in the last quarter. Finally, Overbrook Management Corp raised its holdings in Darling Ingredients by 13.2% during the second quarter. Overbrook Management Corp now owns 3,046,718 shares of the company’s stock worth $60,569,000 after acquiring an additional 354,506 shares in the last quarter. Institutional investors and hedge funds own 99.63% of the company’s stock.

DAR has been the topic of a number of research reports. Zacks Investment Research upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a report on Tuesday, November 13th. BMO Capital Markets boosted their price target on Darling Ingredients from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Friday, August 10th. Finally, JPMorgan Chase & Co. boosted their price target on Darling Ingredients from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, August 10th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.25.

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Darling Ingredients Company Profile

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

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