Darling Ingredients (NYSE:DAR) CEO Randall Stuewe Sells 20,000 Shares of Stock

Darling Ingredients Inc. (NYSE:DAR) CEO Randall Stuewe sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $52.12, for a total value of $1,042,400.00. Following the sale, the chief executive officer owned 1,117,085 shares of the company’s stock, valued at approximately $58,222,470.20. The trade was a 1.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Darling Ingredients Stock Performance

Shares of Darling Ingredients stock opened at $52.54 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.50 and a debt-to-equity ratio of 0.80. Darling Ingredients Inc. has a 52 week low of $26.00 and a 52 week high of $54.24. The firm’s 50 day moving average is $46.10 and its two-hundred day moving average is $37.90. The firm has a market capitalization of $8.33 billion, a P/E ratio of 134.71, a P/E/G ratio of 0.54 and a beta of 1.24.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, January 29th. The company reported $0.35 EPS for the quarter. Darling Ingredients had a net margin of 1.02% and a return on equity of 2.36%. The firm had revenue of $1.71 billion for the quarter. Research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DAR shares. Zacks Research cut Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Jefferies Financial Group restated a “buy” rating and issued a $66.00 price objective on shares of Darling Ingredients in a research note on Friday, February 13th. Scotiabank reaffirmed an “outperform” rating and issued a $61.00 target price on shares of Darling Ingredients in a report on Tuesday, February 17th. TD Cowen raised their price target on Darling Ingredients from $45.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Piper Sandler boosted their price target on Darling Ingredients from $49.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.60.

Institutional Trading of Darling Ingredients

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in shares of Darling Ingredients by 17.0% during the first quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock worth $20,119,000 after acquiring an additional 93,408 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Darling Ingredients by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock valued at $18,768,000 after purchasing an additional 58,925 shares in the last quarter. Focus Partners Wealth acquired a new position in Darling Ingredients during the 1st quarter worth approximately $205,000. Savant Capital LLC purchased a new position in shares of Darling Ingredients during the 2nd quarter worth approximately $230,000. Finally, Metis Global Partners LLC raised its stake in shares of Darling Ingredients by 29.3% during the 2nd quarter. Metis Global Partners LLC now owns 13,650 shares of the company’s stock worth $518,000 after buying an additional 3,091 shares in the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.