Insider Selling: Martin W. Griffin Sells 14,963 Shares of Darling International Stock (DAR)
Darling International (NYSE:DAR) COO Martin W. Griffin sold 14,963 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $19.49, for a total transaction of $291,628.87. Following the completion of the sale, the chief operating officer now directly owns 309,686 shares of the company’s stock, valued at approximately $6,035,780. The sale 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 analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.89.
Shares of Darling International (NYSE:DAR) traded down 0.57% on Thursday, hitting $19.2999. 373,587 shares of the company’s stock traded hands. Darling International has a 52-week low of $18.34 and a 52-week high of $23.95. The stock has a 50-day moving average of $19.40 and a 200-day moving average of $19.92. The company has a market cap of $3.178 billion and a price-to-earnings ratio of 91.99.
Darling International (NYSE:DAR) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was down 99.8% on a year-over-year basis. On average, analysts predict that Darling International will post $0.87 earnings per share 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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