Oppenheimer Asset Management Inc. Grows Holdings in Darling Ingredients Inc. (NYSE:DAR)

Oppenheimer Asset Management Inc. increased its position in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 14.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 154,315 shares of the company's stock after acquiring an additional 19,113 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.10% of Darling Ingredients worth $4,821,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. M&T Bank Corp boosted its position in Darling Ingredients by 3.3% during the fourth quarter. M&T Bank Corp now owns 8,987 shares of the company's stock worth $303,000 after acquiring an additional 286 shares during the last quarter. Ironwood Investment Management LLC boosted its position in Darling Ingredients by 0.7% during the fourth quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company's stock worth $1,414,000 after acquiring an additional 297 shares during the last quarter. CIBC Asset Management Inc boosted its position in Darling Ingredients by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 6,105 shares of the company's stock worth $206,000 after acquiring an additional 337 shares during the last quarter. Metis Global Partners LLC boosted its position in Darling Ingredients by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 9,786 shares of the company's stock worth $330,000 after acquiring an additional 406 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Darling Ingredients by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 69,709 shares of the company's stock worth $2,348,000 after acquiring an additional 440 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company's stock.

Darling Ingredients Stock Down 0.2%

Shares of NYSE:DAR traded down $0.09 during midday trading on Friday, hitting $38.22. 6,698,622 shares of the company's stock traded hands, compared to its average volume of 2,232,505. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.83 and a current ratio of 1.40. The company has a market cap of $6.04 billion, a PE ratio of 35.72 and a beta of 1.18. The firm's fifty day moving average price is $33.66 and its two-hundred day moving average price is $33.88. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $43.49.

Darling Ingredients (NYSE:DAR - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.36). The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a net margin of 3.02% and a return on equity of 3.78%. The business's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 EPS. On average, equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DAR has been the topic of a number of analyst reports. TD Cowen decreased their target price on shares of Darling Ingredients from $37.00 to $34.00 and set a "hold" rating on the stock in a research report on Friday, April 25th. Citigroup cut their price target on shares of Darling Ingredients from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Wall Street Zen raised shares of Darling Ingredients from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Tudor Pickering raised shares of Darling Ingredients from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 11th. Finally, Robert W. Baird cut their price target on shares of Darling Ingredients from $41.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

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.