Insider Selling: Darling Ingredients (NYSE:DAR) EVP Sells 8,000 Shares of Stock

Darling Ingredients Inc. (NYSE:DAR) EVP Patrick Mcnutt sold 8,000 shares of Darling Ingredients stock in a transaction on Friday, August 14th. The shares were sold at an average price of $67.09, for a total value of $536,720.00. Following the completion of the transaction, the executive vice president owned 35,777 shares in the company, valued at $2,400,278.93. This represents a 18.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Darling Ingredients Stock Up 1.7%

Shares of DAR traded up $1.12 during trading hours on Friday, hitting $66.86. The company had a trading volume of 2,061,892 shares, compared to its average volume of 2,633,915. The company has a current ratio of 3.89, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $10.55 billion, a PE ratio of 18.02 and a beta of 1.02. Darling Ingredients Inc. has a one year low of $29.15 and a one year high of $67.68. The company’s fifty day moving average price is $58.78 and its two-hundred day moving average price is $57.43.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $1.01. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. Darling Ingredients had a return on equity of 13.23% and a net margin of 9.13%.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 earnings per share. As a group, equities analysts forecast that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on DAR. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. TD Cowen upped their price target on Darling Ingredients from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Zacks Research lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Wall Street Zen raised Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Sunday, July 5th. Finally, Scotiabank boosted their target price 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. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Hedge Funds Weigh In On Darling Ingredients

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Darling Ingredients during the 2nd quarter worth approximately $851,450,000. Vanguard Group Inc. raised its holdings in shares of Darling Ingredients by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 15,394,342 shares of the company’s stock worth $554,196,000 after buying an additional 512,219 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Darling Ingredients by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company’s stock worth $498,927,000 after buying an additional 47,565 shares during the period. Deutsche Bank AG acquired a new stake in shares of Darling Ingredients during the second quarter worth $168,348,000. Finally, Davis Selected Advisers grew its holdings in shares of Darling Ingredients by 15.8% during the fourth quarter. Davis Selected Advisers now owns 2,842,306 shares of the company’s stock valued at $102,324,000 after buying an additional 388,366 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

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.