Darling Ingredients Inc. (NYSE:DAR) EVP Robert W. Day Acquires 2,532 Shares

Darling Ingredients Inc. (NYSE:DAR) EVP Robert W. Day purchased 2,532 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were acquired at an average price of $39.37 per share, with a total value of $99,684.84. Following the purchase, the executive vice president now owns 12,607 shares in the company, valued at $496,337.59. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Darling Ingredients Price Performance

Shares of DAR traded down $0.78 during trading hours on Thursday, reaching $38.95. The company had a trading volume of 2,123,518 shares, compared to its average volume of 2,265,141. The firm has a 50 day simple moving average of $37.58 and a 200-day simple moving average of $41.58. The company has a current ratio of 1.67, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 11.67 and a beta of 1.26. Darling Ingredients Inc. has a 12-month low of $33.94 and a 12-month high of $69.63.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, July 25th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10. Darling Ingredients had a net margin of 6.04% and a return on equity of 8.35%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the firm posted $1.55 EPS. The firm’s revenue for the quarter was down 17.2% on a year-over-year basis. Research analysts expect that Darling Ingredients Inc. will post 2.47 earnings per share for the current year.

Hedge Funds Weigh In On Darling Ingredients

Hedge funds have recently added to or reduced their stakes in the business. Versor Investments LP acquired a new stake in shares of Darling Ingredients during the 2nd quarter worth about $334,000. Van ECK Associates Corp boosted its stake in shares of Darling Ingredients by 1.0% during the 2nd quarter. Van ECK Associates Corp now owns 442,844 shares of the company’s stock worth $16,275,000 after purchasing an additional 4,526 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Darling Ingredients during the 2nd quarter worth about $2,646,000. iA Global Asset Management Inc. boosted its stake in shares of Darling Ingredients by 8.1% during the 2nd quarter. iA Global Asset Management Inc. now owns 13,326 shares of the company’s stock worth $490,000 after purchasing an additional 997 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Darling Ingredients in the second quarter worth approximately $174,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen decreased their price target on shares of Darling Ingredients from $51.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, June 13th. Stifel Nicolaus decreased their price target on shares of Darling Ingredients from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Monday, May 20th. JPMorgan Chase & Co. cut their price objective on shares of Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Jefferies Financial Group cut their price objective on shares of Darling Ingredients from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Finally, Scotiabank cut their price objective on shares of Darling Ingredients from $57.00 to $45.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.27.

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.