Darling Ingredients Inc. (NYSE:DAR – Get Free Report) CAO Joseph Manzi bought 1,025 shares of the stock in a transaction on 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 in the company, valued at $302,705.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Darling Ingredients Price Performance
DAR stock opened at $43.52 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.99 and a current ratio of 1.78. Darling Ingredients Inc. has a 52 week low of $38.97 and a 52 week high of $73.88. The firm’s fifty day moving average is $47.85 and its 200 day moving average is $58.02. The firm has a market cap of $6.94 billion, a P/E ratio of 9.85 and a beta of 1.36.
Darling Ingredients (NYSE:DAR – Get Free Report) last released its earnings results on Tuesday, November 7th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.11). Darling Ingredients had a net margin of 10.37% and a return on equity of 17.53%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the business posted $1.20 EPS. Darling Ingredients’s revenue for the quarter was down 7.0% on a year-over-year basis. Research analysts predict that Darling Ingredients Inc. will post 4.56 earnings per share for the current year.
Analyst Upgrades and Downgrades
Hedge Funds Weigh In On Darling Ingredients
Several institutional investors and hedge funds have recently made changes to their positions in DAR. HighTower Advisors LLC grew its holdings in shares of Darling Ingredients by 97.9% during the 1st quarter. HighTower Advisors LLC now owns 14,145 shares of the company’s stock valued at $1,133,000 after purchasing an additional 6,999 shares during the last quarter. Bank of Montreal Can grew its holdings in Darling Ingredients by 20.4% in the 1st quarter. Bank of Montreal Can now owns 21,054 shares of the company’s stock worth $1,697,000 after acquiring an additional 3,563 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Darling Ingredients in the 1st quarter worth $141,000. Panagora Asset Management Inc. bought a new stake in Darling Ingredients in the 1st quarter worth $447,000. Finally, Great West Life Assurance Co. Can grew its holdings in Darling Ingredients by 8.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 89,124 shares of the company’s stock worth $7,366,000 after acquiring an additional 6,770 shares during the last quarter. Institutional investors own 89.78% of the company’s stock.
Darling Ingredients Company Profile
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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