Oppenheimer Asset Management Inc. Has $4.56 Million Stock Holdings in Darling Ingredients Inc. (NYSE:DAR)

Oppenheimer Asset Management Inc. decreased its holdings in Darling Ingredients Inc. (NYSE:DAR) by 8.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 135,202 shares of the company’s stock after selling 12,448 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.09% of Darling Ingredients worth $4,555,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. raised its stake in Darling Ingredients by 38.0% in the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after purchasing an additional 288 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Darling Ingredients by 2.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,015 shares of the company’s stock worth $446,000 after purchasing an additional 310 shares in the last quarter. CIBC Asset Management Inc raised its stake in Darling Ingredients by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock worth $206,000 after purchasing an additional 337 shares in the last quarter. Glenmede Trust Co. NA raised its stake in Darling Ingredients by 5.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock worth $283,000 after purchasing an additional 412 shares in the last quarter. Finally, Corbyn Investment Management Inc. MD raised its stake in Darling Ingredients by 1.6% in the 3rd quarter. Corbyn Investment Management Inc. MD now owns 29,676 shares of the company’s stock worth $1,103,000 after purchasing an additional 455 shares in the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Analyst Ratings Changes

DAR has been the subject of several analyst reports. Citigroup dropped their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Stephens reissued an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.75.

Darling Ingredients Price Performance

DAR stock opened at $36.06 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 12 month low of $32.55 and a 12 month high of $48.39. The firm has a market cap of $5.73 billion, a P/E ratio of 20.84 and a beta of 1.21. The company’s 50-day moving average price is $36.50 and its two-hundred day moving average price is $37.67.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, February 6th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. On average, analysts anticipate that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.

About Darling Ingredients

Darling Ingredients Inc develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries.