Joseph Manzi Sells 1,000 Shares of Darling Ingredients (NYSE:DAR) Stock

Darling Ingredients Inc. (NYSE:DAR – Get Free Report) CAO Joseph Manzi sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $67.27, for a total value of $67,270.00. Following the completion of the transaction, the chief accounting officer owned 18,969 shares in the company, valued at $1,276,044.63. This represents a 5.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Darling Ingredients Trading Down 2.1%

NYSE DAR opened at $66.94 on Thursday. The firm has a market capitalization of $10.56 billion, a P/E ratio of 18.04 and a beta of 1.02. The business has a fifty day simple moving average of $59.47 and a 200 day simple moving average of $58.08. Darling Ingredients Inc. has a 12 month low of $29.15 and a 12 month high of $68.77. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.73.

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Darling Ingredients (NYSE:DAR – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $1.40 by $1.01. Darling Ingredients had a return on equity of 12.98% and a net margin of 9.13%.The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period last year, the business earned $0.08 EPS. The business’s revenue was up 16.4% on a year-over-year basis. On average, analysts predict that Darling Ingredients Inc. will post 6.98 EPS for the current fiscal year.

Institutional Trading of Darling Ingredients

A number of large investors have recently added to or reduced their stakes in the stock. SJS Investment Consulting Inc. raised its position in Darling Ingredients by 69.9% in the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after acquiring an additional 174 shares during the period. Allworth Financial LP increased its stake in shares of Darling Ingredients by 227.2% during the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock worth $26,000 after purchasing an additional 509 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new stake in shares of Darling Ingredients during the 1st quarter worth approximately $47,000. Litman Gregory Wealth Management LLC purchased a new position in Darling Ingredients in the fourth quarter valued at approximately $29,000. Finally, Danske Bank A S bought a new position in Darling Ingredients during the third quarter valued at $25,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their target price on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Barclays boosted their target price on Darling Ingredients from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. TD Cowen upped their target price on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Jefferies Financial Group lifted their price target on Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Darling Ingredients presently has a consensus rating of “Moderate Buy” and an average price target of $69.00.

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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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