Darling Ingredients Inc. (NYSE:DAR – Get 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
About Darling Ingredients
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.
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