Oppenheimer Asset Management Inc. trimmed its holdings in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,202 shares of the company's stock after selling 12,448 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.09% of Darling Ingredients worth $4,555,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of DAR. State Street Corp boosted its position in Darling Ingredients by 5.7% during the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company's stock valued at $199,096,000 after acquiring an additional 289,407 shares in the last quarter. FMR LLC boosted its position in Darling Ingredients by 17.3% during the third quarter. FMR LLC now owns 3,324,217 shares of the company's stock valued at $123,528,000 after purchasing an additional 491,477 shares in the last quarter. Geode Capital Management LLC boosted its position in Darling Ingredients by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company's stock valued at $101,830,000 after purchasing an additional 36,618 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Darling Ingredients by 203.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock valued at $62,134,000 after purchasing an additional 1,235,985 shares during the last quarter. Finally, Southernsun Asset Management LLC raised its holdings in Darling Ingredients by 11.6% in the third quarter. Southernsun Asset Management LLC now owns 1,487,458 shares of the company's stock worth $55,274,000 after purchasing an additional 154,038 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.
Darling Ingredients Stock Performance
Shares of Darling Ingredients stock traded down $0.49 during midday trading on Tuesday, hitting $33.93. The company had a trading volume of 1,647,415 shares, compared to its average volume of 2,130,152. The company has a fifty day simple moving average of $36.58 and a 200 day simple moving average of $37.58. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 19.61 and a beta of 1.21. 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.
Darling Ingredients (NYSE:DAR - Get Free Report) last posted 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%. As a group, analysts predict that Darling Ingredients Inc. will post 2.81 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Stephens restated an "overweight" rating and issued a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Citigroup lowered their target price 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $52.75.
Check Out Our Latest Research Report on DAR
Darling Ingredients Company Profile
(
Free Report)
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.
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