Darling Ingredients Sees Unusually Large Options Volume (DAR)

Darling Ingredients Inc (NYSE:DAR) was the recipient of unusually large options trading on Wednesday. Traders bought 1,390 put options on the stock. This is an increase of 1,379% compared to the average volume of 94 put options.

In other Darling Ingredients news, Chairman Randall C. Stuewe sold 21,060 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $22.00, for a total transaction of $463,320.00. Following the transaction, the chairman now owns 798,989 shares in the company, valued at $17,577,758. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Randall C. Stuewe sold 68,940 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $21.02, for a total value of $1,449,118.80. Following the transaction, the chief executive officer now owns 780,680 shares in the company, valued at approximately $16,409,893.60. The disclosure for this sale can be found here. 2.63% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley lifted its position in shares of Darling Ingredients by 83.4% in the first quarter. Morgan Stanley now owns 637,598 shares of the company’s stock valued at $13,804,000 after acquiring an additional 290,012 shares in the last quarter. Man Group plc lifted its position in shares of Darling Ingredients by 90.2% in the first quarter. Man Group plc now owns 560,996 shares of the company’s stock valued at $12,145,000 after acquiring an additional 266,093 shares in the last quarter. ValueAct Holdings L.P. lifted its position in shares of Darling Ingredients by 533.6% in the first quarter. ValueAct Holdings L.P. now owns 1,142,528 shares of the company’s stock valued at $24,736,000 after acquiring an additional 962,200 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Darling Ingredients by 24.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,221,235 shares of the company’s stock valued at $91,389,000 after acquiring an additional 829,745 shares in the last quarter. Finally, Oxford Asset Management LLP purchased a new position in shares of Darling Ingredients in the first quarter valued at approximately $663,000. Institutional investors and hedge funds own 99.22% of the company’s stock.

Separately, Zacks Investment Research downgraded Darling Ingredients from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st.

DAR stock traded down $0.41 during mid-day trading on Friday, reaching $20.18. 712,509 shares of the company’s stock were exchanged, compared to its average volume of 999,834. The company has a market capitalization of $3.41 billion, a P/E ratio of 22.67 and a beta of 1.16. The company has a current ratio of 1.60, a quick ratio of 0.97 and a debt-to-equity ratio of 0.74. Darling Ingredients has a 12-month low of $17.99 and a 12-month high of $22.62.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The business had revenue of $835.10 million for the quarter, compared to analysts’ expectations of $866.47 million. Darling Ingredients had a return on equity of 3.01% and a net margin of 0.66%. On average, research analysts predict that Darling Ingredients will post 0.91 earnings per share for the current fiscal year.

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About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers 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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