In a recent transaction, Randall C. Stuewe, the Chairman and CEO of Darling Ingredients Inc. (NYSE:DAR), sold a significant number of shares in the company. Stuewe parted with 34,960 shares at prices that varied between $42.77 and $43.39, with the weighted average sale price reported at $42.84 per share. This sale resulted in a total transaction value of approximately $1.49 million.
The transaction was executed on May 20, 2024, and was disclosed in a filing with the Securities and Exchange Commission the following day. According to the filing, the trades were made in multiple transactions at different prices. Following this sale, Stuewe continues to own 718,848 shares of Darling Ingredients, indicating a continued investment in the company's future.
Darling Ingredients Inc., with its headquarters in Irving, Texas, operates within the fats and oils sector of the manufacturing industry. The company is known for its commitment to sustainable practices and has a diverse portfolio that includes the production of natural ingredients from edible and inedible bio-nutrients.
Investors and market watchers often look to insider transactions such as these for signals about a company's health and the confidence that executives have in their firm's prospects. While the reasons behind Stuewe's sale have not been publicly disclosed, the transaction details provide transparency for shareholders and potential investors.
Those interested in the specifics of the transactions and the prices at which the shares were sold can request full information from the SEC, Darling Ingredients, or a security holder of the issuer, as indicated in the footnote of the filing.
The sale by Stuewe is a notable event for Darling Ingredients and its stakeholders, as the CEO's trading activities are closely monitored in the investment community. Following the sale, the company's stock continues to be actively traded on the New York Stock Exchange under the ticker symbol NYSE:DAR.
InvestingPro Insights
As investors digest the news of CEO Randall C. Stuewe's share sale in Darling Ingredients Inc. (NYSE:DAR), it's crucial to consider the current financial health and market performance of the company. Darling Ingredients currently boasts a market capitalization of $6.85 billion and trades at a P/E ratio of 12.54, which reflects a relatively low earnings multiple, indicating that the stock may be undervalued compared to its earnings. This is further supported by the adjusted P/E ratio for the last twelve months as of Q1 2024, which stands at 12.93.
The company's recent financial data reveals a gross profit margin of 23.76% for the last twelve months as of Q1 2024, demonstrating its ability to maintain profitability in its operations. However, investors should be aware of the revenue decline of 7.76% during the same period, which aligns with analysts' anticipation of a sales decline in the current year.
From an investment standpoint, Darling Ingredients does not pay a dividend to shareholders, which could be a consideration for income-focused investors. On the bright side, the company has been profitable over the last twelve months and liquid assets exceed short term obligations, suggesting a solid financial position for meeting its short-term liabilities.
For those seeking a deeper dive into Darling Ingredients' performance and future prospects, there are additional InvestingPro Tips available. These include insights on earnings revisions, net income expectations, and the company's historical return over the last five years. With the use of coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription to access these valuable tips and make more informed investment decisions. Currently, there are 9 additional tips listed on InvestingPro for Darling Ingredients Inc., which can be found at https://www.investing.com/pro/DAR.
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