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

Darling Ingredients Inc. (NYSE:DAR) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 6,093 call options on the company. This is an increase of 207% compared to the average daily volume of 1,984 call options.

Darling Ingredients Stock Up 0.2%

Shares of NYSE DAR opened at $44.08 on Thursday. Darling Ingredients has a 1 year low of $26.00 and a 1 year high of $44.50. The firm has a 50-day simple moving average of $37.33 and a two-hundred day simple moving average of $34.29. The company has a market cap of $6.97 billion, a P/E ratio of 65.78, a PEG ratio of 0.53 and a beta of 1.25. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.49 and a quick ratio of 0.87.

Institutional Investors Weigh In On Darling Ingredients

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in Darling Ingredients by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,776,549 shares of the company’s stock valued at $240,058,000 after buying an additional 22,055 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of Darling Ingredients by 6.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,122,104 shares of the company’s stock valued at $158,119,000 after purchasing an additional 287,665 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its stake in Darling Ingredients by 1.0% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,693,135 shares of the company’s stock worth $140,118,000 after purchasing an additional 35,309 shares in the last quarter. Frontier Capital Management Co. LLC grew its stake in Darling Ingredients by 66.0% in the second quarter. Frontier Capital Management Co. LLC now owns 3,323,470 shares of the company’s stock worth $126,092,000 after purchasing an additional 1,320,817 shares in the last quarter. Finally, Davis Selected Advisers increased its holdings in Darling Ingredients by 0.4% during the 3rd quarter. Davis Selected Advisers now owns 2,453,940 shares of the company’s stock worth $75,753,000 after purchasing an additional 10,370 shares during the period. Institutional investors own 94.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DAR shares. Zacks Research downgraded shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. JPMorgan Chase & Co. upped their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Piper Sandler lowered their price target on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, October 24th. TD Cowen raised Darling Ingredients from a “hold” rating to a “buy” rating in a research note on Tuesday, December 2nd. Finally, UBS Group set a $50.00 price objective on Darling Ingredients in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus target price of $45.63.

About Darling Ingredients

Darling Ingredients Inc (NYSE: DAR) is a global leader in converting edible and inedible bio-nutrient streams into sustainable food, feed ingredients, renewable fuels and specialty products. Founded in 1882 and headquartered in Irving, Texas, the company builds on more than a century of experience in animal rendering and by-product recycling. Over time, Darling has expanded its capabilities beyond traditional rendering to include advanced processing technologies that support a circular economy and reduce waste from food and agricultural industries.

The company’s core operations revolve around four primary segments: Feed Ingredients & Services, Food & Nutrition, Fuel Ingredients & Services, and Specialty Ingredients.