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

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

Darling Ingredients Trading Up 0.9%

NYSE:DAR opened at $68.27 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $59.31 and a 200-day simple moving average of $57.94. Darling Ingredients Inc. has a 52-week low of $29.15 and a 52-week high of $68.59. The company has a market capitalization of $10.77 billion, a PE ratio of 18.40 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.41 earnings per share (EPS) for the quarter, beating 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 net margin of 9.13% and a return on equity of 12.98%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 earnings per share. On average, equities research analysts expect that Darling Ingredients Inc. will post 6.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Danske Bank A S acquired a new stake in shares of Darling Ingredients during the third quarter worth $25,000. Allworth Financial LP increased its stake in Darling Ingredients by 227.2% in the fourth quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after purchasing an additional 509 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in Darling Ingredients by 69.9% during the first quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock worth $26,000 after buying an additional 174 shares during the period. Litman Gregory Wealth Management LLC purchased a new position in Darling Ingredients during the fourth quarter worth about $29,000. Finally, Leonteq Securities AG acquired a new stake in Darling Ingredients in the 4th quarter worth about $35,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on DAR shares. Weiss Ratings upgraded Darling Ingredients from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. TD Cowen upped their price objective on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. increased their price objective on Darling Ingredients from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, Barclays boosted their target price on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.00.

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.