Darling Ingredients Sees Unusually Large Options Volume (NYSE:DAR)

Darling Ingredients Inc. (NYSE:DARGet Rating) was the target of some unusual options trading on Tuesday. Investors purchased 3,037 put options on the stock. This is an increase of approximately 355% compared to the typical volume of 667 put options.

Institutional Trading of Darling Ingredients

A number of hedge funds have recently made changes to their positions in DAR. Tobam acquired a new position in shares of Darling Ingredients in the third quarter worth approximately $33,000. Capital Analysts LLC acquired a new position in shares of Darling Ingredients in the first quarter worth approximately $39,000. Dark Forest Capital Management LP acquired a new position in shares of Darling Ingredients in the second quarter worth approximately $41,000. American National Bank acquired a new position in shares of Darling Ingredients in the third quarter worth approximately $41,000. Finally, Lindbrook Capital LLC lifted its stake in shares of Darling Ingredients by 228.1% in the second quarter. Lindbrook Capital LLC now owns 725 shares of the company’s stock worth $43,000 after acquiring an additional 504 shares during the period. 91.43% of the stock is owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

Shares of DAR stock opened at $72.26 on Thursday. The business’s 50-day moving average price is $74.06 and its 200-day moving average price is $72.52. Darling Ingredients has a 12 month low of $55.71 and a 12 month high of $87.59. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 16.13 and a beta of 1.26. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 0.88.

Wall Street Analyst Weigh In

Several research firms have weighed in on DAR. Cowen lowered their price objective on Darling Ingredients to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Raymond James increased their price objective on Darling Ingredients from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 11th. Piper Sandler raised their price target on Darling Ingredients from $98.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 24th. Stifel Nicolaus initiated coverage on Darling Ingredients in a research report on Monday, September 12th. They issued a “buy” rating and a $101.00 price target on the stock. Finally, Jefferies Financial Group initiated coverage on Darling Ingredients in a research note on Wednesday, October 19th. They issued a “buy” rating and a $102.00 price objective on the stock. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $98.60.

About Darling Ingredients

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Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.

Further Reading

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