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

Darling Ingredients Inc. (NYSE:DAR) was the target of unusually large options trading on Tuesday. Stock traders purchased 6,093 call options on the company. This is an increase of approximately 207% compared to the typical daily volume of 1,984 call options.

Darling Ingredients Stock Performance

Shares of NYSE DAR traded up $0.87 during mid-day trading on Tuesday, hitting $43.27. The stock had a trading volume of 610,806 shares, compared to its average volume of 2,277,032. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.87 and a current ratio of 1.49. Darling Ingredients has a twelve month low of $26.00 and a twelve month high of $43.82. The firm has a market cap of $6.84 billion, a PE ratio of 64.53, a PEG ratio of 0.51 and a beta of 1.25. The company has a 50 day moving average of $36.95 and a two-hundred day moving average of $34.18.

Hedge Funds Weigh In On Darling Ingredients

A number of hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its holdings in Darling Ingredients by 17.0% during the first quarter. Goldman Sachs Group Inc. now owns 644,022 shares of the company’s stock valued at $20,119,000 after purchasing an additional 93,408 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Darling Ingredients by 10.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,777 shares of the company’s stock valued at $18,768,000 after purchasing an additional 58,925 shares during the period. Focus Partners Wealth acquired a new position in shares of Darling Ingredients in the 1st quarter worth approximately $205,000. Wealth Enhancement Advisory Services LLC lifted its stake in Darling Ingredients by 18.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,379 shares of the company’s stock worth $725,000 after acquiring an additional 2,827 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in Darling Ingredients during the 2nd quarter worth approximately $251,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DAR. TD Cowen upgraded Darling Ingredients from a “hold” rating to a “buy” rating in a research report on Tuesday, December 2nd. Piper Sandler decreased their price objective on shares of Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Zacks Research lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. UBS Group set a $50.00 price target on shares of Darling Ingredients in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Darling Ingredients in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average 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.