Oppenheimer Asset Management Inc. Sells 12,448 Shares of Darling Ingredients Inc. (NYSE:DAR)

Oppenheimer Asset Management Inc. cut its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,202 shares of the company’s stock after selling 12,448 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Darling Ingredients were worth $4,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Assenagon Asset Management S.A. boosted its position in Darling Ingredients by 203.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock worth $62,134,000 after buying an additional 1,235,985 shares during the period. Paloma Partners Management Co boosted its position in Darling Ingredients by 2,140.4% during the 3rd quarter. Paloma Partners Management Co now owns 877,200 shares of the company’s stock worth $32,597,000 after buying an additional 838,047 shares during the period. Erste Asset Management GmbH acquired a new stake in Darling Ingredients during the 3rd quarter worth approximately $30,545,000. ING Groep NV boosted its position in Darling Ingredients by 244.1% during the 3rd quarter. ING Groep NV now owns 810,100 shares of the company’s stock worth $30,103,000 after buying an additional 574,700 shares during the period. Finally, FMR LLC boosted its position in Darling Ingredients by 17.3% during the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company’s stock worth $123,528,000 after buying an additional 491,477 shares during the period. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Stock Down 2.2 %

Shares of NYSE DAR opened at $36.06 on Friday. The company has a market capitalization of $5.73 billion, a P/E ratio of 20.84 and a beta of 1.21. Darling Ingredients Inc. has a 52-week low of $32.55 and a 52-week high of $48.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.41. The company’s 50 day moving average price is $36.50 and its 200-day moving average price is $37.67.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. Equities analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Stephens reiterated an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. Citigroup cut their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.75.

Darling Ingredients Profile

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.