Charles L. Adair Purchases 500 Shares of Darling Ingredients Inc. (NYSE:DAR) Stock

Darling Ingredients Inc. (NYSE:DAR – Get Rating) Director Charles L. Adair purchased 500 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were bought at an average price of $54.15 per share, with a total value of $27,075.00. Following the completion of the acquisition, the director now owns 36,551 shares of the company’s stock, valued at approximately $1,979,236.65. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Darling Ingredients Trading Down 1.9 %

NYSE:DAR opened at $52.90 on Friday. Darling Ingredients Inc. has a 12 month low of $51.77 and a 12 month high of $87.59. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 11.76 and a beta of 1.26. The company has a quick ratio of 0.90, a current ratio of 1.53 and a debt-to-equity ratio of 0.85. The company’s 50 day moving average is $64.52 and its 200-day moving average is $68.52.

Hedge Funds Weigh In On Darling Ingredients

Institutional investors have recently modified their holdings of the company. Dark Forest Capital Management LP bought a new position in shares of Darling Ingredients in the second quarter valued at approximately $41,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Darling Ingredients by 229.9% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 106,510 shares of the company’s stock valued at $7,046,000 after purchasing an additional 74,227 shares during the period. Credit Suisse AG increased its position in Darling Ingredients by 0.7% during the third quarter. Credit Suisse AG now owns 650,516 shares of the company’s stock worth $43,033,000 after acquiring an additional 4,681 shares during the period. BNP Paribas Arbitrage SA increased its position in Darling Ingredients by 112.6% during the second quarter. BNP Paribas Arbitrage SA now owns 112,828 shares of the company’s stock worth $6,747,000 after acquiring an additional 59,760 shares during the period. Finally, Quadrant Capital Group LLC increased its position in Darling Ingredients by 32.3% during the second quarter. Quadrant Capital Group LLC now owns 757 shares of the company’s stock worth $45,000 after acquiring an additional 185 shares during the period. Institutional investors own 90.90% of the company’s stock.

Analyst Upgrades and Downgrades

DAR has been the subject of several research reports. UBS Group initiated coverage on shares of Darling Ingredients in a report on Tuesday, December 13th. They set a “buy” rating and a $91.00 price target for the company. Stifel Nicolaus lifted their target price on shares of Darling Ingredients from $113.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, January 30th. Piper Sandler reduced their target price on shares of Darling Ingredients from $101.00 to $99.00 and set an “overweight” rating for the company in a research note on Monday, December 19th. Raymond James reduced their target price on shares of Darling Ingredients from $100.00 to $95.00 and set a “strong-buy” rating for the company in a research note on Wednesday, March 1st. Finally, Cowen reduced their target price on shares of Darling Ingredients from $79.00 to $73.00 in a research note on Tuesday, January 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $93.40.

Darling Ingredients Company Profile

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Darling Ingredients, Inc engages in the development and production of natural ingredients from edible and inedible bio-nutrients. It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The Feed Ingredients segment includes ingredients business such as fats and proteins used cooking oil, trap grease and food residuals collection, the Rothsay ingredients, and the ingredients and specialty products.