Darling Ingredients Inc. (NYSE:DAR) CAO Purchases $44,464.50 in Stock

Darling Ingredients Inc. (NYSE:DAR) CAO Joseph Manzi purchased 1,025 shares of the stock in a transaction on Monday, November 20th. The stock was bought at an average cost of $43.38 per share, for a total transaction of $44,464.50. Following the completion of the acquisition, the chief accounting officer now owns 6,978 shares in the company, valued at $302,705.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Darling Ingredients Price Performance

Shares of NYSE DAR traded down $0.04 during trading hours on Monday, hitting $43.52. 2,825,409 shares of the stock were exchanged, compared to its average volume of 1,502,172. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.99 and a current ratio of 1.78. The company has a market cap of $6.94 billion, a PE ratio of 9.85 and a beta of 1.36. The company’s fifty day simple moving average is $47.85 and its two-hundred day simple moving average is $58.02. Darling Ingredients Inc. has a 1-year low of $38.97 and a 1-year high of $73.88.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.11). The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.75 billion. Darling Ingredients had a return on equity of 17.53% and a net margin of 10.37%. The business’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.20 EPS. On average, sell-side analysts predict that Darling Ingredients Inc. will post 4.56 EPS for the current year.

Institutional Trading of Darling Ingredients

A number of hedge funds have recently added to or reduced their stakes in DAR. Bank Julius Baer & Co. Ltd Zurich boosted its position in Darling Ingredients by 98,451.5% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 591,351,410 shares of the company’s stock valued at $37,722,306,000 after buying an additional 590,751,367 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in Darling Ingredients by 107,533.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,663,509 shares of the company’s stock valued at $479,659,000 after buying an additional 7,656,389 shares in the last quarter. Norges Bank acquired a new stake in Darling Ingredients in the fourth quarter valued at approximately $135,362,000. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Darling Ingredients by 52.3% in the first quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,563,849 shares of the company’s stock valued at $208,129,000 after buying an additional 1,223,757 shares in the last quarter. Finally, Empower Advisory Group LLC acquired a new stake in Darling Ingredients in the first quarter valued at approximately $52,813,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on DAR. JPMorgan Chase & Co. lowered their price target on shares of Darling Ingredients from $91.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 19th. BMO Capital Markets lowered their price target on shares of Darling Ingredients from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, November 9th. Raymond James lowered their target price on shares of Darling Ingredients from $80.00 to $75.00 and set a “strong-buy” rating on the stock in a report on Thursday, November 9th. Stephens reaffirmed an “equal weight” rating and set a $65.00 target price on shares of Darling Ingredients in a report on Wednesday, August 9th. Finally, Tudor, Pickering, Holt & Co. cut shares of Darling Ingredients from a “buy” rating to a “hold” rating in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.10.

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.