Randall Stuewe Sells 35,000 Shares of Darling Ingredients (NYSE:DAR) Stock

Darling Ingredients Inc. (NYSE:DAR) CEO Randall Stuewe sold 35,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $30.92, for a total value of $1,082,200.00. Following the sale, the chief executive officer directly owned 781,437 shares in the company, valued at $24,162,032.04. The trade was a 4.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $31.8010 on Friday. The company has a market capitalization of $5.03 billion, a PE ratio of 48.18 and a beta of 1.19. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. The stock’s fifty day simple moving average is $35.19 and its 200 day simple moving average is $33.72.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.49 billion. Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 EPS. On average, research analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Hedge Funds Weigh In On Darling Ingredients

Several hedge funds have recently modified their holdings of DAR. Heck Capital Advisors LLC bought a new position in shares of Darling Ingredients in the 4th quarter valued at about $25,000. Hantz Financial Services Inc. grew its holdings in Darling Ingredients by 609.8% during the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after purchasing an additional 561 shares during the period. Cary Street Partners Investment Advisory LLC bought a new position in Darling Ingredients during the first quarter worth about $30,000. EverSource Wealth Advisors LLC grew its holdings in Darling Ingredients by 681.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after purchasing an additional 886 shares during the period. Finally, Hexagon Capital Partners LLC grew its holdings in Darling Ingredients by 33.3% during the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock worth $62,000 after purchasing an additional 500 shares during the period. Institutional investors own 94.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Darling Ingredients in a report on Wednesday. They set an “overweight” rating and a $43.00 target price for the company. Baird R W cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. TD Cowen lowered their target price on Darling Ingredients from $37.00 to $34.00 and set a “hold” rating for the company in a report on Friday, April 25th. Jefferies Financial Group raised their price objective on Darling Ingredients from $45.00 to $46.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, Tudor Pickering upgraded Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.57.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.