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.
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
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.
Check Out Our Latest Stock 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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