In yesterday’s Wall Street session, Darling Ingredients Inc (NYSE:DAR) shares traded at $40.58, down -3.31% from the previous session.
DAR stock price is now -8.41% away from the 50-day moving average and -14.49% away from the 200-day moving average. The market capitalization of the company currently stands at $6.48B.
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With the price target of $49, Citigroup recently initiated with Neutral rating for Darling Ingredients Inc (NYSE: DAR). , while ‘BMO Capital Markets’ rates the stock as ‘Outperform’
In other news, STUEWE RANDALL C, Chairman and CEO sold 34,960 shares of the company’s stock on May 20 ’24. The stock was sold for $1,497,686 at an average price of $42.84. Upon completion of the transaction, the Chairman and CEO now directly owns 718,848 shares in the company, valued at $29.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, COO North America JANSEN MATTHEW J bought 6,000 shares of the business’s stock. A total of $256,560 was incurred on buying the stock at an average price of $42.76. This leaves the insider owning 74,065 shares of the company worth $3.01 million. A total of 1.23% of the company’s stock is owned by insiders.
During the past 12 months, Darling Ingredients Inc has had a low of $38.97 and a high of $71.60. As of last week, the company has a debt-to-equity ratio of 1.02, a current ratio of 1.67, and a quick ratio of 0.96. According to the stock market information, the enterprise value for the company is $11114949632, which is based on a 12.12 price-to-earnings ratio, a 1.21 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for DAR is $44.2088 and a two-hundred day moving average price translates $47.3184 for the stock.
The latest earnings results from Darling Ingredients Inc (NYSE: DAR) was released for 2024-03-30. The net profit margin was 8.51% and return on equity was 12.59% for DAR. The company reported revenue of $1.42 billion for the quarter, compared to $1.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.71 percent.
