Darling Ingredients (NYSE:DAR) CEO Randall Stuewe Sells 20,000 Shares

Darling Ingredients Inc. (NYSE:DAR) CEO Randall Stuewe sold 20,000 shares of Darling Ingredients stock in a transaction on Friday, March 6th. The stock was sold at an average price of $52.12, for a total transaction of $1,042,400.00. Following the completion of the sale, the chief executive officer owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. This trade represents a 1.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Darling Ingredients Stock Up 1.2%

Darling Ingredients stock traded up $0.62 during midday trading on Tuesday, hitting $52.54. The stock had a trading volume of 3,875,599 shares, compared to its average volume of 2,580,170. The business has a fifty day moving average price of $45.78 and a 200 day moving average price of $37.78. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $54.24. The stock has a market cap of $8.33 billion, a P/E ratio of 134.71, a P/E/G ratio of 0.55 and a beta of 1.24. The company has a current ratio of 1.50, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, January 29th. The company reported $0.35 EPS for the quarter. The company had revenue of $1.71 billion for the quarter. Darling Ingredients had a return on equity of 2.36% and a net margin of 1.02%. Research analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on DAR. JPMorgan Chase & Co. lifted their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Piper Sandler lifted their target price on Darling Ingredients from $49.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. TD Cowen upped their target price on Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a report on Friday, February 13th. Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Finally, BMO Capital Markets upped their price objective on shares of Darling Ingredients from $45.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.60.

Hedge Funds Weigh In On Darling Ingredients

Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in Darling Ingredients in the 4th quarter valued at approximately $94,211,000. No Street GP LP acquired a new stake in shares of Darling Ingredients in the 3rd quarter valued at $69,458,000. Marshall Wace LLP raised its stake in shares of Darling Ingredients by 973.3% in the second quarter. Marshall Wace LLP now owns 1,502,084 shares of the company’s stock valued at $56,989,000 after acquiring an additional 1,362,137 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in Darling Ingredients by 66.0% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 3,323,470 shares of the company’s stock worth $126,092,000 after buying an additional 1,320,817 shares in the last quarter. Finally, Harspring Capital Management LLC bought a new stake in shares of Darling Ingredients during the second quarter valued at approximately $31,680,000. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Company Profile

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.