Personal CFO Solutions LLC acquired a new position in Darling Ingredients Inc. (NYSE:DAR – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 3,233 shares of the company’s stock, valued at approximately $206,000.
Other large investors have also recently made changes to their positions in the company. Signaturefd LLC grew its position in shares of Darling Ingredients by 42.8% in the 2nd quarter. Signaturefd LLC now owns 814 shares of the company’s stock worth $52,000 after buying an additional 244 shares during the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Darling Ingredients in the 4th quarter worth approximately $51,000. Private Trust Co. NA grew its position in shares of Darling Ingredients by 139.7% in the 2nd quarter. Private Trust Co. NA now owns 911 shares of the company’s stock worth $58,000 after buying an additional 531 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Darling Ingredients by 624.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the company’s stock worth $63,000 after buying an additional 862 shares during the last quarter. Finally, Archer Investment Corp bought a new stake in shares of Darling Ingredients in the 1st quarter worth approximately $74,000. 89.78% of the stock is currently owned by institutional investors.
Darling Ingredients Stock Down 0.1 %
DAR stock opened at $43.52 on Tuesday. Darling Ingredients Inc. has a 1-year low of $38.97 and a 1-year high of $73.88. The business has a fifty day moving average price of $47.85 and a 200-day moving average price of $58.02. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.78 and a quick ratio of 0.99. The stock has a market capitalization of $6.94 billion, a P/E ratio of 9.85 and a beta of 1.36.
Insider Transactions at Darling Ingredients
In other Darling Ingredients news, CAO Joseph Manzi purchased 1,025 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was purchased at an average price of $43.38 per share, for a total transaction of $44,464.50. Following the completion of the purchase, the chief accounting officer now directly owns 6,978 shares of the company’s stock, valued at $302,705.64. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Patrick Mcnutt acquired 1,200 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average price of $41.88 per share, with a total value of $50,256.00. Following the completion of the acquisition, the executive vice president now directly owns 13,947 shares of the company’s stock, valued at approximately $584,100.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Joseph Manzi acquired 1,025 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average cost of $43.38 per share, with a total value of $44,464.50. Following the acquisition, the chief accounting officer now directly owns 6,978 shares of the company’s stock, valued at $302,705.64. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 16,288 shares of company stock worth $715,604 and sold 125,665 shares worth $7,846,395. Company insiders own 2.62% of the company’s stock.
Analysts Set New Price Targets
DAR has been the subject of a number of research analyst reports. StockNews.com cut Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. Stephens restated an “equal weight” rating and issued a $65.00 target price on shares of Darling Ingredients in a research note on Wednesday, August 9th. Stifel Nicolaus lowered their target price on Darling Ingredients from $120.00 to $118.00 and set a “buy” rating for the company in a research note on Tuesday, August 22nd. Tudor, Pickering, Holt & Co. cut Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Finally, JPMorgan Chase & Co. lowered their target price on Darling Ingredients from $91.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Darling Ingredients currently has a consensus rating of “Moderate Buy” and a consensus target price 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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