Charles Adair Acquires 1,000 Shares of Darling Ingredients (NYSE:DAR) Stock

Darling Ingredients Inc. (NYSE:DARGet Free Report) Director Charles Adair purchased 1,000 shares of Darling Ingredients stock in a transaction on Friday, July 31st. The stock was bought at an average cost of $60.97 per share, for a total transaction of $60,970.00. Following the transaction, the director directly owned 51,690 shares in the company, valued at $3,151,539.30. This represents a 1.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Darling Ingredients Stock Down 1.4%

Shares of Darling Ingredients stock traded down $0.88 on Monday, reaching $59.76. 3,280,332 shares of the company were exchanged, compared to its average volume of 2,671,607. Darling Ingredients Inc. has a 1-year low of $29.15 and a 1-year high of $66.02. The company has a market cap of $9.50 billion, a P/E ratio of 16.11 and a beta of 1.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.89 and a quick ratio of 1.03. The stock’s 50 day moving average price is $58.50 and its 200-day moving average price is $56.12.

Darling Ingredients (NYSE:DARGet Free Report) last issued its earnings results 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 net margin of 9.13% and a return on equity of 13.23%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the company earned $0.08 earnings per share. The firm’s revenue was up 16.4% compared to the same quarter last year. As a group, equities analysts forecast that Darling Ingredients Inc. will post 5.34 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on DAR. Robert W. Baird increased their target price on Darling Ingredients from $64.00 to $75.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Weiss Ratings raised Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. Jefferies Financial Group raised their target price on Darling Ingredients from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Stephens boosted their target price on Darling Ingredients from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Scotiabank upped their price target on Darling Ingredients from $61.00 to $70.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and a consensus price target of $69.00.

Check Out Our Latest Stock Analysis on DAR

Hedge Funds Weigh In On Darling Ingredients

Several hedge funds have recently made changes to their positions in DAR. Goldman Sachs Group Inc. boosted its position in shares of Darling Ingredients by 17.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock valued at $20,119,000 after purchasing an additional 93,408 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Darling Ingredients by 10.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock worth $18,768,000 after buying an additional 58,925 shares during the period. Focus Partners Wealth purchased a new stake in Darling Ingredients in the first quarter valued at approximately $205,000. M&T Bank Corp lifted its stake in Darling Ingredients by 11.2% in the second quarter. M&T Bank Corp now owns 8,384 shares of the company’s stock valued at $318,000 after buying an additional 847 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Darling Ingredients by 5.0% during the 2nd quarter. Invesco Ltd. now owns 677,528 shares of the company’s stock worth $25,705,000 after purchasing an additional 32,553 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Darling Ingredients Company Profile

(Get Free Report)

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.

Further Reading

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