Darling Ingredients Inc. (NYSE:DAR – Get 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:DAR – Get 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
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
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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