Darling Ingredients Sees Unusually High Options Volume (DAR)

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.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The company had revenue of $937.70 million during the quarter, compared to analyst estimates of $870.50 million. Darling Ingredients had a net margin of 1.76% and a return on equity of 2.96%. Darling Ingredients’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share. equities research analysts anticipate that Darling Ingredients will post 0.24 earnings per share for the current fiscal year.

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.

ILLEGAL ACTIVITY NOTICE: “Darling Ingredients Sees Unusually High Options Volume (DAR)” was originally reported by BBNS and is the sole property of of BBNS. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://baseballnewssource.com/markets/darling-ingredients-sees-unusually-high-options-volume-dar/1833933.html.

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.

Receive News & Ratings for Darling Ingredients Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Darling Ingredients and related companies with our FREE daily email newsletter.

 


Latest News

Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
Trade Rumor: Manny Machado Could Land With Yankees
Trade Rumor: Manny Machado Could Land With Yankees
Los Angeles Dodgers Acquire Scott Alexander as Part of Three Team Deal
Los Angeles Dodgers Acquire Scott Alexander as Part of Three Team Deal
Rumor: Braves Show Interest in Reamluto, Yelich
Rumor: Braves Show Interest in Reamluto, Yelich


Leave a Reply

 
© 2006-2018 BBNS.