Darling Ingredients Inc. (NYSE:DAR) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 19.8% during the third quarter, Holdings Channel.com reports. The firm owned 147,650 shares of the company’s stock after buying an additional 24,435 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Darling Ingredients were worth $5,487,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tidal Investments LLC acquired a new position in Darling Ingredients during the 1st quarter valued at about $1,462,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Darling Ingredients by 42.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 91,863 shares of the company’s stock worth $4,273,000 after purchasing an additional 27,243 shares in the last quarter. Vanguard Group Inc. raised its holdings in Darling Ingredients by 1.5% during the first quarter. Vanguard Group Inc. now owns 15,610,753 shares of the company’s stock worth $726,056,000 after purchasing an additional 232,583 shares in the last quarter. Swedbank AB acquired a new stake in Darling Ingredients in the first quarter worth approximately $14,676,000. Finally, Russell Investments Group Ltd. boosted its stake in Darling Ingredients by 0.3% during the 1st quarter. Russell Investments Group Ltd. now owns 287,893 shares of the company’s stock valued at $13,372,000 after purchasing an additional 811 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DAR has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. TD Cowen cut their price target on shares of Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a report on Friday, September 13th. Piper Sandler reduced their price objective on shares of Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, Jefferies Financial Group boosted their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.44.

Darling Ingredients Stock Down 2.2 %

Shares of NYSE:DAR opened at $41.09 on Friday. The firm has a 50 day simple moving average of $37.63 and a 200 day simple moving average of $38.65. Darling Ingredients Inc. has a 52 week low of $32.67 and a 52 week high of $51.36. 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 has a market cap of $6.54 billion, a PE ratio of 25.36 and a beta of 1.23.

Darling Ingredients (NYSE:DAR) last released its earnings results on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company earned $0.77 EPS. Darling Ingredients’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, research analysts expect that Darling Ingredients Inc. will post 1.88 earnings per share for the current year.

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.