Darling Ingredients Inc. (NYSE:DAR) CAO Joseph Manzi Acquires 1,025 Shares

Darling Ingredients Inc. (NYSE:DAR) 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) 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

Several research firms have issued reports on DAR. Stifel Nicolaus lowered their target price on shares of Darling Ingredients from $120.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, August 22nd. StockNews.com cut shares of Darling Ingredients from a “hold” rating to a “sell” rating in a research note on Thursday, October 12th. BMO Capital Markets lowered their target price on shares of Darling Ingredients from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. Tudor, Pickering, Holt & Co. cut shares of Darling Ingredients from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Finally, Stephens restated an “equal weight” rating and set a $65.00 price objective on shares of Darling Ingredients in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and an average target price of $83.10.

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.