Darling Ingredients (NYSE:DAR) CEO Sells $1,042,400.00 in Stock

Darling Ingredients Inc. (NYSE:DAR) CEO Randall Stuewe sold 20,000 shares of Darling Ingredients stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $52.12, for a total value of $1,042,400.00. Following the completion of the sale, the chief executive officer directly owned 1,117,085 shares in the company, valued at approximately $58,222,470.20. This represents a 1.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Darling Ingredients Trading Up 1.3%

NYSE:DAR opened at $56.28 on Friday. The company has a market cap of $8.93 billion, a P/E ratio of 144.31, a price-to-earnings-growth ratio of 0.57 and a beta of 1.24. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $57.35. The business has a 50 day moving average price of $46.89 and a two-hundred day moving average price of $38.15. The company has a quick ratio of 0.99, a current ratio of 1.50 and a debt-to-equity ratio of 0.80.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $1.71 billion for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. As a group, analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC raised its holdings in shares of Darling Ingredients by 64.1% in the 4th quarter. Corient Private Wealth LLC now owns 14,974 shares of the company’s stock valued at $539,000 after purchasing an additional 5,847 shares during the period. Invesco Ltd. increased its position in Darling Ingredients by 32.8% during the fourth quarter. Invesco Ltd. now owns 964,452 shares of the company’s stock worth $34,720,000 after buying an additional 238,138 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Darling Ingredients by 11.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 53,345 shares of the company’s stock worth $1,920,000 after buying an additional 5,665 shares during the last quarter. Empowered Funds LLC bought a new stake in Darling Ingredients in the fourth quarter valued at approximately $431,000. Finally, Wellington Management Group LLP raised its stake in Darling Ingredients by 63.6% in the fourth quarter. Wellington Management Group LLP now owns 1,044,448 shares of the company’s stock valued at $37,600,000 after buying an additional 405,839 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Robert W. Baird set a $64.00 target price on Darling Ingredients in a research report on Friday, February 13th. Scotiabank reiterated an “outperform” rating and set a $61.00 target price on shares of Darling Ingredients in a report on Tuesday, February 17th. TD Cowen increased their price target on Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Finally, BMO Capital Markets raised their price target on Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.60.

Darling Ingredients Company Profile

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.