Joseph Manzi Sells 3,000 Shares of Darling Ingredients (NYSE:DAR) Stock

Darling Ingredients Inc. (NYSE:DAR) CAO Joseph Manzi sold 3,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $63.89, for a total transaction of $191,670.00. Following the completion of the sale, the chief accounting officer directly owned 19,969 shares of the company’s stock, valued at $1,275,819.41. The trade was a 13.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Darling Ingredients Price Performance

Shares of NYSE:DAR traded down $0.41 during trading hours on Friday, hitting $63.82. 3,372,090 shares of the company’s stock traded hands, compared to its average volume of 2,926,622. The company’s fifty day simple moving average is $57.96 and its two-hundred day simple moving average is $44.93. The company has a market cap of $10.13 billion, a price-to-earnings ratio of 163.64 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 1.50. Darling Ingredients Inc. has a 52 week low of $29.15 and a 52 week high of $64.90.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.58 by $0.25. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.16) earnings per share. As a group, equities analysts anticipate that Darling Ingredients Inc. will post 4.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Darling Ingredients

Several institutional investors and hedge funds have recently added to or reduced their stakes in DAR. ASR Vermogensbeheer N.V. increased its stake in shares of Darling Ingredients by 7.8% in the third quarter. ASR Vermogensbeheer N.V. now owns 536,355 shares of the company’s stock worth $16,557,000 after acquiring an additional 38,855 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Darling Ingredients by 4.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,209,775 shares of the company’s stock valued at $43,552,000 after purchasing an additional 56,662 shares during the last quarter. Fisher Asset Management LLC grew its stake in Darling Ingredients by 94.2% in the third quarter. Fisher Asset Management LLC now owns 75,442 shares of the company’s stock valued at $2,329,000 after purchasing an additional 36,593 shares in the last quarter. Ninety One UK Ltd acquired a new position in Darling Ingredients in the 3rd quarter worth about $12,484,000. Finally, Citigroup Inc. increased its position in Darling Ingredients by 134.4% in the 3rd quarter. Citigroup Inc. now owns 431,336 shares of the company’s stock worth $13,315,000 after purchasing an additional 247,311 shares during the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Darling Ingredients

Here are the key news stories impacting Darling Ingredients this week:

• Positive Sentiment: Q1 results showed an earnings surprise and a return to profitability: Darling reported net income of $134.3M, or $0.83/share, vs. a loss a year ago and topped EPS consensus—evidence of operational recovery and earnings momentum. Read More.
• Positive Sentiment: Management framed the quarter as a turning point (“clear inflection point”) on the earnings call and provided investor materials supporting its recovery narrative. The call and slide deck give investors more color on earnings drivers. Read More.
• Neutral Sentiment: Top-line growth was solid (sales up ~12% YoY to ~$1.55B) but revenue slightly missed some street estimates (about $1.56B expected), so the EPS beat was offset by mixed revenue execution. Read More.
• Negative Sentiment: Management issued Q2 core ingredients EBITDA guidance of $260M–$275M and flagged Renewable Volume Obligation (RVO) shifts that are pressuring renewables margins — a near-term margin headwind investors may view as a risk to growth in renewables profitability. Read More.
• Negative Sentiment: A worker fatality at Darling’s Bastrop rendering plant prompted an OSHA safety probe, raising potential regulatory, legal and reputational risks that could weigh on sentiment. Read More.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DAR. Scotiabank raised 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. BMO Capital Markets boosted their target price on Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Jefferies Financial Group upped their target price on Darling Ingredients from $66.00 to $73.00 and gave the company a “buy” rating in a report on Friday, April 10th. TD Cowen increased their price target on Darling Ingredients from $58.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Stephens boosted their price objective on Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $67.40.

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.