Charles Adair Acquires 1,000 Shares of Darling Ingredients (NYSE:DAR) Stock

Darling Ingredients Inc. (NYSE:DAR) Director Charles Adair acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average price of $60.97 per share, for a total transaction of $60,970.00. Following the completion of the acquisition, the director directly owned 51,690 shares of the company’s stock, valued at $3,151,539.30. The trade was a 1.97% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Darling Ingredients Price Performance

DAR stock opened at $60.15 on Wednesday. The business has a fifty day moving average of $58.54 and a two-hundred day moving average of $56.40. The company has a quick ratio of 1.03, a current ratio of 3.89 and a debt-to-equity ratio of 0.13. The stock has a market cap of $9.56 billion, a price-to-earnings ratio of 16.21 and a beta of 1.02. Darling Ingredients Inc. has a 52-week low of $29.15 and a 52-week high of $66.02.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.41 EPS for the quarter, beating the consensus estimate of $1.40 by $1.01. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. Darling Ingredients had a return on equity of 13.23% and a net margin of 9.13%.The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.08 EPS. As a group, research analysts anticipate that Darling Ingredients Inc. will post 6.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Danske Bank A S purchased a new stake in Darling Ingredients during the 3rd quarter worth approximately $25,000. Allworth Financial LP boosted its position in Darling Ingredients by 227.2% in the 4th quarter. Allworth Financial LP now owns 733 shares of the company’s stock valued at $26,000 after buying an additional 509 shares during the period. SJS Investment Consulting Inc. boosted its position in Darling Ingredients by 69.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 423 shares of the company’s stock valued at $26,000 after buying an additional 174 shares during the period. Litman Gregory Wealth Management LLC acquired a new position in shares of Darling Ingredients in the fourth quarter worth $29,000. Finally, Leonteq Securities AG purchased a new stake in shares of Darling Ingredients during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Darling Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. upped their price objective on shares of Darling Ingredients from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Robert W. Baird increased their price objective on shares of Darling Ingredients from $64.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Barclays lifted their target price on shares of Darling Ingredients from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.