Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Darling Ingredients Inc. shares valued at $1,023,330 were sold by Bullock John on Jun 02. At $82.70 per share, Bullock John sold 12,374 shares. The insider’s holdings dropped to 109,496 shares worth approximately $7.15 million following the completion of this transaction.
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Also, LONG JIM sold 25,000 shares, netting a total of over 2,020,500 in proceeds. Following the sale of shares at $80.82 each, the insider now holds 48,489 shares.
Before that, Bullock John had sold 12,872 shares from its account. In a trade valued at $1,047,008, the EVP – Chief Strategy Officer traded Darling Ingredients Inc. shares for $81.34 each. Upon closing the transaction, the insider’s holdings decreased to 12,872 shares, worth approximately $7.15 million.
As published in their initiating research note from Cowen on April 25, 2022, Darling Ingredients Inc. [DAR] has been a Market perform and the price target has been revised to $80. This represents a 18.39% premium over Wednesday’s closing price. Analysts at Raymond James started covering the stock with ‘”a Strong buy”‘ outlook in a report released in mid July. As of July 15, 2021, Evercore ISI has initiated its “an Outperform” rating for DAR. Earlier on June 25, 2021, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for DAR stock which previously was a “a Market perform”.
Analyzing DAR’s Price Performance
On Wednesday, Darling Ingredients Inc. [NYSE: DAR] plunged -5.02% to $65.29. The stock’s lowest price that day was $64.42, but it reached a high of $67.40 in the same session. During the last five days, there has been a drop of approximately -10.54%. Over the course of the year, Darling Ingredients Inc. shares have dropped approximately -5.77%. Shares of the company reached a 52-week high of $87.59 on 06/07/22 and a 52-week low of $58.92 on 01/24/22. A 50-day SMA is recorded $77.26, while a 200-day SMA reached $73.12. Nevertheless, trading volume fell to 2.47 million shares from 1.18 million shares the previous day.
Support And Resistance Levels for Darling Ingredients Inc. (DAR)
According to the 24-hour chart, there is a support level at 64.01, which, if violated, would cause prices to drop to 62.72. In the upper region, resistance lies at 66.99. The next price resistance is at 68.68. RSI (Relative Strength Index) is 31.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.03, which suggests the price will decrease in the coming days. Percent R is at 96.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Which companies own the most shares of Darling Ingredients Inc. (DAR)?
According to The Vanguard Group, Inc. filings, the company currently owns 16,113,118 shares, which is about 9.98% of the total DAR shares outstanding. The investor’s shares have plunged by -159,815 from its previous 13-F filing of 16272933.0 shares. With the completion of the buy, BlackRock Fund Advisors’s stake is now worth $978,213,188. T. Rowe Price Associates, Inc. acquire a 167.28% interest valued at $740.16 million while Fidelity Management & Research Co sold a -1,149,422 stake. A total of 208,659 shares of Darling Ingredients Inc. were sold by SSgA Funds Management, Inc. during the quarter, and -669,486 were sold by Handelsbanken Fonder AB. In its current portfolio, EARNEST Partners LLC holds 3,948,496 shares valued at $316.16 million.
In spite of this, 13 analysts ranked Darling Ingredients Inc. stock as a Buy at the end of 2022. On June 09, 2021, Citigroup assigned a price target of “a Buy” to the stock and initiated coverage with a $110.