Darling Ingredients (NYSE:DAR) Director Charles Adair Acquires 500 Shares of Company Stock

Darling Ingredients Inc. (NYSE:DAR) Director Charles Adair bought 500 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The stock was acquired at an average cost of $51.19 per share, for a total transaction of $25,595.00. Following the completion of the purchase, the director directly owned 52,190 shares of the company’s stock, valued at $2,671,606.10. The trade was a 0.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Darling Ingredients Stock Up 2.3%

Shares of NYSE:DAR opened at $55.41 on Friday. Darling Ingredients Inc. has a 1 year low of $31.81 and a 1 year high of $69.98. The company has a market cap of $8.59 billion, a PE ratio of 9.76 and a beta of 1.00. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.42 and a quick ratio of 1.03. The stock’s 50-day moving average is $59.99 and its 200 day moving average is $58.73.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Wednesday, October 28th. The company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.03). The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Darling Ingredients had a return on equity of 17.40% and a net margin of 12.48%. During the same quarter last year, the business posted $0.12 EPS. Sell-side analysts anticipate that Darling Ingredients Inc. will post 6.85 EPS for the current year.

Institutional Trading of Darling Ingredients

Large investors have recently bought and sold shares of the company. AlphaGrep UK Ltd bought a new position in shares of Darling Ingredients in the 3rd quarter worth approximately $528,000. First Trust Advisors LP lifted its stake in shares of Darling Ingredients by 8.4% in the 3rd quarter. First Trust Advisors LP now owns 193,380 shares of the company’s stock valued at $11,740,000 after purchasing an additional 15,049 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Darling Ingredients by 1.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,216,200 shares of the company’s stock valued at $134,546,000 after purchasing an additional 38,398 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of Darling Ingredients in the 3rd quarter valued at approximately $1,931,000. Finally, Ieq Capital LLC boosted its position in shares of Darling Ingredients by 41.5% during the third quarter. Ieq Capital LLC now owns 164,172 shares of the company’s stock valued at $9,967,000 after purchasing an additional 48,152 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. raised their price target on Darling Ingredients from $82.00 to $83.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. UBS Group lifted their price target on shares of Darling Ingredients from $78.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, September 22nd. TD Cowen boosted their price objective on shares of Darling Ingredients from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Jefferies Financial Group upgraded shares of Darling Ingredients to a “strong-buy” rating in a report on Tuesday, September 29th. Finally, Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.80.

About Darling Ingredients

Darling Ingredients Inc. collects and transforms animal by-products and other organic materials into ingredients and products used in food, animal feed, fuel and other markets. Its operations help convert materials from meat processing, food production and used cooking oils into usable fats, proteins, oils and other ingredients. The company’s businesses span feed ingredients, food ingredients and fuel ingredients. Products include animal nutrition ingredients, gelatin and collagen, and fats and oils used in food and industrial applications.