Investors Buy Large Volume of Darling Ingredients Call Options (NYSE:DAR)

Darling Ingredients Inc. (NYSE:DAR) was the recipient of some unusual options trading on Tuesday. Stock traders purchased 6,093 call options on the company. This represents an increase of approximately 207% compared to the average volume of 1,984 call options.

Darling Ingredients Price Performance

DAR stock opened at $43.98 on Wednesday. The company has a market capitalization of $6.96 billion, a P/E ratio of 65.64, a PEG ratio of 0.51 and a beta of 1.25. The company has a fifty day moving average price of $37.13 and a 200-day moving average price of $34.23. 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 52-week low of $26.00 and a 52-week high of $44.07.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DAR. UBS Group set a $50.00 price target on shares of Darling Ingredients in a research note on Monday, November 3rd. Jefferies Financial Group raised their target price on shares of Darling Ingredients from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Zacks Research cut shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Darling Ingredients in a research note on Wednesday, October 8th. Finally, Bank of America initiated coverage on Darling Ingredients in a report on Wednesday, October 8th. They set a “buy” rating and a $45.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Darling Ingredients currently has an average rating of “Moderate Buy” and a consensus target price of $45.63.

Institutional Investors Weigh In On Darling Ingredients

A number of institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. raised its position in shares of Darling Ingredients by 609.8% during the second quarter. Hantz Financial Services Inc. now owns 653 shares of the company’s stock worth $25,000 after acquiring an additional 561 shares during the last quarter. Danske Bank A S acquired a new stake in Darling Ingredients during the 3rd quarter valued at approximately $25,000. Sound Income Strategies LLC bought a new position in Darling Ingredients during the 3rd quarter worth approximately $29,000. Abich Financial Wealth Management LLC bought a new position in Darling Ingredients during the 3rd quarter worth approximately $37,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Darling Ingredients by 681.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,016 shares of the company’s stock worth $39,000 after purchasing an additional 886 shares during the period. Institutional investors own 94.44% of the company’s stock.

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.