Nicholas James Kemphaus Sells 1,591 Shares of Darling Ingredients (NYSE:DAR) Stock

Darling Ingredients Inc. (NYSE:DAR) EVP Nicholas James Kemphaus sold 1,591 shares of the firm’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 transaction of $100,312.55. Following the completion of the sale, the executive vice president owned 35,087 shares in the company, valued at approximately $2,212,235.35. The trade was a 4.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Darling Ingredients Trading Down 0.8%

Shares of Darling Ingredients stock opened at $62.32 on Wednesday. The firm’s 50 day moving average is $58.64 and its 200 day moving average is $57.12. The firm has a market capitalization of $9.83 billion, a PE ratio of 16.80 and a beta of 1.02. Darling Ingredients Inc. has a 1 year low of $29.15 and a 1 year high of $66.02. The company has a current ratio of 3.89, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.41 EPS for the quarter, beating the consensus estimate of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 13.23%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm earned $0.08 EPS. The firm’s revenue was up 16.4% compared to the same quarter last year. Equities research analysts forecast that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Institutional Trading of Darling Ingredients

Institutional investors and hedge funds have recently bought and sold shares of the stock. SJS Investment Consulting Inc. increased its holdings in Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares during the last quarter. Turtle Creek Wealth Advisors LLC boosted its holdings in shares of Darling Ingredients by 2.6% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock valued at $472,000 after purchasing an additional 196 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Darling Ingredients by 2.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock valued at $481,000 after purchasing an additional 220 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of Darling Ingredients by 3.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock valued at $277,000 after purchasing an additional 267 shares in the last quarter. Finally, Basecamp Wealth Advisors LLC increased its holdings in shares of Darling Ingredients by 35.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock worth $64,000 after purchasing an additional 270 shares during the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DAR has been the topic of several recent research reports. Jefferies Financial Group raised their price objective on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 4th. Weiss Ratings raised Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 15th. TD Cowen increased their target price on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, Stephens upped their price objective on Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

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.