Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $8.08 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 $8.08 million.
As published in their initiating research note from Stifel on September 12, 2022, Darling Ingredients Inc. [DAR] has been a Buy and the price target has been revised to $101. This represents a 26.96% premium over Wednesday’s closing price. Analysts at Scotiabank started covering the stock with ‘”a Sector outperform”‘ outlook in a report released in early September. As of April 25, 2022, Cowen has initiated its “Market perform” rating for DAR. Earlier on July 16, 2021, Raymond James initiated its rating. Their recommendation was “a Strong buy” for DAR stock.
Analyzing DAR’s Price Performance
On Wednesday, Darling Ingredients Inc. [NYSE: DAR] plunged -2.16% to $73.77. The stock’s lowest price that day was $73.715, but it reached a high of $76.69 in the same session. During the last five days, there has been a drop of approximately -2.50%. Over the course of the year, Darling Ingredients Inc. shares have jumped approximately 6.47%. Shares of the company reached a 52-week high of $87.59 on 06/07/22 and a 52-week low of $55.71 on 07/14/22. A 50-day SMA is recorded $71.50, while a 200-day SMA reached $71.27. Nevertheless, trading volume fell to 1.04 million shares from 1.0 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 72.76, which, if violated, would cause prices to drop to 71.75. In the upper region, resistance lies at 75.74. The next price resistance is at 77.70. RSI (Relative Strength Index) is 47.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.53, which suggests the price will decrease in the coming days. Percent R is at 77.08%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Darling Ingredients Inc. subject to short interest?
Stocks of Darling Ingredients Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.08 million shares to 3.62 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.54 million shares. A jump of 29.83% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.8 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.8.
Which companies own the most shares of Darling Ingredients Inc. (DAR)?
According to The Vanguard Group, Inc. filings, the company currently owns 16,156,030 shares, which is about 10.07% of the total DAR shares outstanding. The investor’s shares have appreciated by 42,912 from its previous 13-F filing of 16113118.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $945,103,990. Fidelity Management & Research Co reduced a -5.41% interest valued at $480.02 million while T. Rowe Price Associates, Inc. sold a -3,623,005 stake. A total of 61,858 shares of Darling Ingredients Inc. were sold by SSgA Funds Management, Inc. during the quarter, and -155,768 were sold by EARNEST Partners LLC. In its current portfolio, Handelsbanken Fonder AB holds 3,686,530 shares valued at $280.4 million.
In spite of this, 13 analysts ranked Darling Ingredients Inc. stock as a Buy at the end of 2022. On July 15, 2021, Evercore ISI assigned a price target of “an Outperform” to the stock and initiated coverage with a $86.