Patrick Mcnutt Sells 8,000 Shares of Darling Ingredients (NYSE:DAR) Stock

Darling Ingredients Inc. (NYSE:DARGet Free Report) EVP Patrick Mcnutt sold 8,000 shares of Darling Ingredients stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $67.09, for a total transaction of $536,720.00. Following the sale, the executive vice president owned 35,777 shares of the company’s stock, valued at $2,400,278.93. The trade was a 18.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Darling Ingredients Price Performance

Shares of DAR stock opened at $66.86 on Friday. Darling Ingredients Inc. has a one year low of $29.15 and a one year high of $67.68. The company has a market capitalization of $10.55 billion, a P/E ratio of 18.02 and a beta of 1.02. The company’s 50-day simple moving average is $58.93 and its two-hundred day simple moving average is $57.49. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.56 and a quick ratio of 1.03.

Darling Ingredients (NYSE:DARGet Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping the consensus estimate 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 12.98% and a net margin of 9.13%.Darling Ingredients’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the business posted $0.08 EPS. As a group, equities analysts anticipate that Darling Ingredients Inc. will post 6.98 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Darling Ingredients in the 2nd quarter valued at about $851,450,000. Vanguard Group Inc. lifted its position 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 valued at $554,196,000 after acquiring an additional 512,219 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Darling Ingredients by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 8,066,971 shares of the company’s stock worth $498,927,000 after acquiring an additional 47,565 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Darling Ingredients in the second quarter worth approximately $168,348,000. Finally, Davis Selected Advisers increased its position 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 worth $102,324,000 after purchasing an additional 388,366 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DAR. Barclays boosted their price target on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Weiss Ratings raised Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Jefferies Financial Group lifted their price target on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a report on Monday, May 4th. Stephens boosted their price target on Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Finally, Scotiabank raised their price objective on Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and an average price target of $69.00.

Read Our Latest Research Report on Darling Ingredients

About Darling Ingredients

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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.

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