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

Darling Ingredients Inc. (NYSE:DAR) CAO Joseph Manzi acquired 1,025 shares of Darling Ingredients stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average cost of $43.38 per share, with a total value of $44,464.50. Following the transaction, the chief accounting officer now owns 6,978 shares of the company’s stock, valued at approximately $302,705.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock traded down $0.04 during trading on Monday, reaching $43.52. The company’s stock had a trading volume of 2,825,409 shares, 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 business’s fifty day moving average price is $47.85 and its 200-day moving average price is $58.02. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 9.85 and a beta of 1.36. Darling Ingredients Inc. has a one year low of $38.97 and a one year high of $73.88.

Darling Ingredients (NYSE:DAR) last released its earnings results on Tuesday, November 7th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.11). Darling Ingredients had a return on equity of 17.53% and a net margin of 10.37%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the business earned $1.20 earnings per share. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. As a group, equities research analysts predict that Darling Ingredients Inc. will post 4.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on DAR. BMO Capital Markets reduced their price objective on Darling Ingredients from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, November 9th. StockNews.com lowered Darling Ingredients from a “hold” rating to a “sell” rating in a report on Thursday, October 12th. TheStreet lowered Darling Ingredients from a “b-” rating to a “c+” rating in a report on Friday, October 13th. Robert W. Baird cut their target price on Darling Ingredients from $106.00 to $104.00 in a report on Thursday, August 10th. Finally, Tudor, Pickering, Holt & Co. lowered Darling Ingredients from a “buy” rating to a “hold” rating in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Darling Ingredients presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.10.

Institutional Investors Weigh In On Darling Ingredients

Institutional investors have recently added to or reduced their stakes in the company. DNB Asset Management AS grew its position in Darling Ingredients by 1.3% during the second quarter. DNB Asset Management AS now owns 1,258,610 shares of the company’s stock worth $80,287,000 after buying an additional 15,621 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Darling Ingredients by 10.3% during the first quarter. Envestnet Asset Management Inc. now owns 262,474 shares of the company’s stock valued at $15,328,000 after purchasing an additional 24,509 shares in the last quarter. Mendota Financial Group LLC boosted its holdings in Darling Ingredients by 1,384.6% during the second quarter. Mendota Financial Group LLC now owns 2,791 shares of the company’s stock valued at $178,000 after purchasing an additional 2,603 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Darling Ingredients by 299.9% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 44,192 shares of the company’s stock valued at $2,581,000 after purchasing an additional 33,142 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings in Darling Ingredients by 47.4% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 181,311 shares of the company’s stock valued at $10,589,000 after purchasing an additional 58,265 shares in the last quarter. 89.78% of the stock is owned by institutional investors and hedge funds.

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.