Darling Ingredients (NYSE:DAR) Director Acquires $60,970.00 in Stock

Darling Ingredients Inc. (NYSE:DAR) Director Charles Adair bought 1,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was purchased at an average price of $60.97 per share, with a total value of $60,970.00. Following the completion of the acquisition, the director owned 51,690 shares of the company’s stock, valued at approximately $3,151,539.30. This trade represents a 1.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Darling Ingredients Stock Down 3.8%

DAR stock opened at $57.86 on Thursday. Darling Ingredients Inc. has a 52-week low of $29.15 and a 52-week high of $66.02. The company’s 50 day simple moving average is $58.53 and its 200-day simple moving average is $56.53. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.89 and a quick ratio of 1.03. The firm has a market capitalization of $9.20 billion, a P/E ratio of 15.60 and a beta of 1.02.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, July 30th. The company reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $1.01. Darling Ingredients had a net margin of 9.13% and a return on equity of 13.23%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business posted $0.08 EPS. The company’s revenue was up 16.4% on a year-over-year basis. As a group, equities research analysts anticipate that Darling Ingredients Inc. will post 6.98 EPS for the current year.

Hedge Funds Weigh In On Darling Ingredients

Several institutional investors and hedge funds have recently modified their holdings of the stock. SJS Investment Consulting Inc. grew its holdings 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 in the last quarter. Turtle Creek Wealth Advisors LLC lifted its holdings in shares of Darling Ingredients by 2.6% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 7,625 shares of the company’s stock worth $472,000 after buying an additional 196 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of Darling Ingredients by 2.9% in the first quarter. Fifth Third Wealth Advisors LLC now owns 7,776 shares of the company’s stock valued at $481,000 after acquiring an additional 220 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Darling Ingredients by 3.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 7,701 shares of the company’s stock valued at $277,000 after acquiring an additional 267 shares during the period. Finally, Basecamp Wealth Advisors LLC grew its stake in shares of Darling Ingredients by 35.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 1,042 shares of the company’s stock valued at $64,000 after acquiring an additional 270 shares in the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on DAR. Wall Street Zen raised Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Sunday, July 5th. Jefferies Financial Group upped their price target on Darling Ingredients from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Zacks Research downgraded Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Stephens lifted their target price on Darling Ingredients from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Finally, TD Cowen lifted their target price on Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.