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

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 sale, the chief executive officer directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Darling Ingredients Stock Performance

NYSE:DAR opened at $55.58 on Thursday. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $55.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.50 and a quick ratio of 0.99. The firm has a market capitalization of $8.81 billion, a PE ratio of 142.51, a price-to-earnings-growth ratio of 0.54 and a beta of 1.24. The business’s fifty day moving average price is $46.49 and its 200 day moving average price is $38.02.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.35 earnings per share (EPS) for the quarter. The company had revenue of $1.71 billion during the quarter. Darling Ingredients had a return on equity of 2.36% and a net margin of 1.02%. On average, sell-side analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Danske Bank A S purchased a new position in shares of Darling Ingredients during the third quarter worth approximately $25,000. Allworth Financial LP raised 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 purchasing an additional 509 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in Darling Ingredients in the 3rd quarter valued at $29,000. Litman Gregory Wealth Management LLC acquired a new stake in Darling Ingredients during the 4th quarter worth $29,000. Finally, Leonteq Securities AG purchased a new position in Darling Ingredients during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DAR. Piper Sandler upped their price target on Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, February 13th. JPMorgan Chase & Co. raised their price objective on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. BMO Capital Markets boosted their price objective on shares of Darling Ingredients from $45.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Jefferies Financial Group restated a “buy” rating and issued a $66.00 target price on shares of Darling Ingredients in a report on Friday, February 13th. Finally, TD Cowen increased their target price on shares of Darling Ingredients from $45.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.60.

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.