Darling Ingredients Inc. (NYSE:DAR – Get Free Report) 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 – Get Free Report) 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
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.
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