Darling Ingredients Inc. (NYSE:DAR – Get Rating) Chief Financial Officer Brad Phillips sold 25,000 shares of the company in a trade dated Monday, May 23. The stock was sold at an average price of $79.00, for a total transaction of $1,975,000.00. Following the transaction, the CFO now owns 100,920 shares of the company, valued at $7,972,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website.
The NYSE DAR traded down $3.31 at midday on Tuesday, hitting $75.95. 1,566,363 shares were traded, against an average volume of 1,391,593. Darling Ingredients Inc. has a 1-year low of $58.70 and a 1-year high of $87.43. The company’s 50-day simple moving average is $77.56 and its 200-day simple moving average is $71.57. The stock has a market capitalization of $12.27 billion, a PE ratio of 18.27 and a beta of 1.11. The company has a debt ratio of 0.48, a quick ratio of 0.94 and a current ratio of 1.55.
Darling Ingredients (NYSE:DAR – Get Rating) last announced its results on Tuesday, May 10. The company reported earnings per share (EPS) of $1.16 for the quarter, beating analyst consensus estimates of $1.14 by $0.02. Darling Ingredients achieved a net margin of 13.58% and a return on equity of 20.76%. The company posted revenue of $1.37 billion for the quarter, versus analyst estimates of $1.29 billion. In the same quarter last year, the company earned earnings per share of $0.90. Darling Ingredients sales increased 30.5% compared to the same quarter last year. On average, analysts expect Darling Ingredients Inc. to post EPS of 5.37 for the current year.
Several research analysts have weighed in on DAR shares. Zacks Investment Research downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a Thursday, April 21 research report. StockNews.com downgraded shares of Darling Ingredients from a “buy” rating to a “hold” rating in a Tuesday, April 19 research report. Stephens raised his price target on Darling Ingredients shares from $85.00 to $95.00 and gave the stock an “overweight” rating in a Wednesday, April 20 research report. Roth Capital restated a “buy” rating on Darling Ingredients shares in a Monday, March 14 research report. Finally, Raymond James raised his price target on Darling Ingredients shares from $100.00 to $105.00 and gave the stock a “Strong Buy” rating in a Wednesday, March 2 research report. Four investment analysts gave the stock a hold rating, ten gave the company a buy rating and one gave the company a high buy rating. According to MarketBeat.com, the stock currently has a consensus buy rating and a consensus target price of $95.82.
Hedge funds and other institutional investors have recently changed their positions in the stock. DeDora Capital Inc. acquired a new stake in Darling Ingredients during the first quarter worth approximately $26,000. Ellevest Inc. increased its stake in Darling Ingredients by 362.7% during the fourth quarter. Ellevest Inc. now owns 384 shares of the company worth $27,000 after purchasing an additional 301 shares during the period. Capital Analysts LLC bought a new position in Darling Ingredients during the first quarter for a value of approximately $39,000. Covestor Ltd bought a new position in Darling Ingredients during the fourth quarter worth approximately $41,000. Finally, AllSquare Wealth Management LLC increased its stake in Darling Ingredients by 31.2% during the first quarter. AllSquare Wealth Management LLC now owns 576 shares of the company worth $46,000 after purchasing an additional 137 shares during the period. Hedge funds and other institutional investors hold 92.17% of the company’s shares.
About Cherished Ingredients (Get a rating)
Darling Ingredients Inc develops, produces and sells natural ingredients from edible and non-edible bionutrients. The Company operates through three segments: Food Ingredients, Food Ingredients and Fuel Ingredients. It offers ingredients and custom specialty solutions for customers in the pharmaceutical, food, pet food, animal feed, industrial, fuels, bioenergy and fertilizer industries.
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