Insider Selling: Darling International COO Unloads 12,500 Shares of Stock (DAR)
Darling International (NYSE:DAR) COO Martin W. Griffin sold 12,500 shares of Darling International stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $19.68, for a total transaction of $246,000.00. Following the completion of the sale, the chief operating officer now directly owns 337,149 shares in the company, valued at approximately $6,635,092. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on DAR. Analysts at Goldman Sachs upgraded shares of Darling International from a “buy” rating to a “conviction-buy” rating in a research note on Monday, June 23rd. They now have a $20.66 price target on the stock, down previously from $25.00. Analysts at TheStreet downgraded shares of Darling International from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Darling International has an average rating of “Buy” and an average target price of $22.67.
Shares of Darling International (NYSE:DAR) traded up 0.56% on Monday, hitting $19.60. The stock had a trading volume of 376,314 shares. Darling International has a one year low of $18.34 and a one year high of $23.95. The stock’s 50-day moving average is $19.6 and its 200-day moving average is $19.91. The company has a market cap of $3.227 billion and a P/E ratio of 92.37.
Darling International (NYSE:DAR) last released its earnings data on Thursday, August 7th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.04. The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $993.02 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was down 99.8% on a year-over-year basis. Analysts expect that Darling International will post $0.87 EPS for the current fiscal year.
Darling International Inc (NYSE:DAR) is a provider of rendering, cooking oil and bakery waste recycling and recovery solutions.
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