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Friday, September 29, 2023

Darling Ingredients Inc. (NYSE: DAR) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Darling Ingredients Inc. (DAR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.43, or -0.70%, to $61.01. The Darling Ingredients Inc. has recorded 47,754 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Darling Ingredients Inc. Reports Second Quarter 2023 Results.

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Stocks Info

Darling Ingredients Inc. is listed on the NYSE as a member of the Consumer Defensive sector and is a part of the Packaged Foods industry. At the end of the last regular session, the stock closed at $61.44 and fluctuated between $62.68 as its day high and $61.27 as its day low. The current market capitalization of Darling Ingredients Inc. is $9.75B. A total of 1.49 million shares were traded on the day, compared to an average of 1.26M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, DAR has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 1,980 and the disposition of 1,339 shares. Over the last 12 months, there were 46 BUYs and 29 SELLs from insiders. Insiders purchased 561,859 shares during that period but sold 291,315.

In the most recent transaction, STUEWE RANDALL C sold 100,000 shares of DAR for 62.43 per share on Sep 01. After the transaction, the Chairman and CEO now owns 640,363 company shares. In a previous transaction on Sep 01, Bullock John sold 11,532 shares at 61.67 per share. DAR shares that EVP Chief Strategy Officer owns now total 52,469.

Among the insiders who sold shares, Bullock John disposed of 14,133 shares on Aug 30 at a per-share price of $63.13. This resulted in the EVP Chief Strategy Officer holding 52,469 shares of DAR after the transaction. In another insider transaction, van der Velden Jan sold 1,339 shares at $65.00 per share on Aug 15. Company shares held by the EVP Int Rendering&Specialties now total 59,219.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for DAR in the last 3 months, the mean price target is $90.53 with high estimates of $118.00 and low estimates of $65.00. In terms of 52-week highs and lows, DAR has a high of $82.69 and a low of $51.77.

As of this writing, DAR has an earnings estimate of $1.34 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $1.51 per share and a lower estimate of $1.15. The company reported an EPS of $1.14 in the last quarter, which was 15.20% higher than expectations of $0.99.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. DAR’s latest balance sheet shows that the firm has $68.91M in Cash & Short Term Investments as of fiscal 2021. There were $1.62B in debt and $752.68M in liabilities at the time. Its Book Value Per Share was $27.33, while its Total Shareholder’s Equity was $3.35B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DAR is Buy with a score of 4.64.

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