EVP McNutt buys 1,300 shares of DAR at $39.85; stock at $39.82, -37.6% from 52-week high.
McNutt Patrick, EVP Chief Admin Officer, purchased 1,300 shares at $39.85 on 2024-08-16, increasing his holdings from 20,567 to 21,867 shares. The purchase occurred after a significant drawdown—the stock trades at $39.82, off -37.6% from its 52-week high of $63.83, though it has recovered +6.4% over the past 30 days. McNutt's own prior buy at DAR on 2023-11-13 showed a -0.7% 90-day return, indicating his previous open-market purchase did not precede a rally. The company's fundamentals remain stable with P/E of 17.16 and recent net income of $78.9M, suggesting this is a buy near depressed price levels rather than a reaction to operational concern, though the timing pattern offers limited conviction.