Darling Ingredients Inc (NYSE:DAR) was the target of unusually large options trading on Friday. Stock traders acquired 4,475 call options on the stock. This is an increase of 2,457% compared to the average daily volume of 175 call options.
Several research firms recently weighed in on DAR. Robert W. Baird reissued a “buy” rating and set a $20.00 price target on shares of Darling Ingredients in a report on Tuesday, September 26th. Canaccord Genuity reissued a “buy” rating and set a $18.00 price target on shares of Darling Ingredients in a report on Monday, September 25th. Roth Capital set a $20.00 price objective on Darling Ingredients and gave the company a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research raised Darling Ingredients from a “sell” rating to a “hold” rating in a report on Monday, November 13th. Finally, JPMorgan Chase & Co. cut Darling Ingredients from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $19.00 to $18.00 in a report on Friday, October 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Darling Ingredients presently has an average rating of “Buy” and an average price target of $19.33.
Darling Ingredients (NYSE DAR) opened at $19.15 on Monday. The firm has a market capitalization of $3,153.66, a price-to-earnings ratio of 49.10 and a beta of 1.52. The company has a quick ratio of 1.07, a current ratio of 1.76 and a debt-to-equity ratio of 0.79. Darling Ingredients has a fifty-two week low of $11.51 and a fifty-two week high of $19.16.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC raised its holdings in Darling Ingredients by 4.0% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 704,873 shares of the company’s stock valued at $12,349,000 after acquiring an additional 27,045 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Darling Ingredients by 1,090.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,176,259 shares of the company’s stock valued at $73,168,000 after purchasing an additional 3,825,542 shares during the last quarter. Walthausen & Co. LLC bought a new position in shares of Darling Ingredients in the 3rd quarter valued at $20,579,000. California Public Employees Retirement System increased its stake in shares of Darling Ingredients by 7.9% in the 3rd quarter. California Public Employees Retirement System now owns 273,373 shares of the company’s stock valued at $4,789,000 after purchasing an additional 20,073 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Darling Ingredients by 1,549.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 67,881 shares of the company’s stock valued at $1,189,000 after purchasing an additional 63,766 shares during the last quarter. 97.75% of the stock is owned by hedge funds and other institutional investors.
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Darling Ingredients Company Profile
Darling Ingredients Inc (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries.
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