Oppenheimer Asset Management Inc. Increases Stock Holdings in Darling Ingredients Inc. $DAR

Oppenheimer Asset Management Inc. grew its position in Darling Ingredients Inc. (NYSE:DAR) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,700 shares of the company’s stock after buying an additional 385 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.10% of Darling Ingredients worth $5,869,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Darling Ingredients by 0.5% in the first quarter. Vanguard Group Inc. now owns 15,641,921 shares of the company’s stock valued at $488,654,000 after buying an additional 73,925 shares in the last quarter. Gates Capital Management Inc. boosted its stake in shares of Darling Ingredients by 18.7% during the first quarter. Gates Capital Management Inc. now owns 7,915,560 shares of the company’s stock valued at $247,282,000 after acquiring an additional 1,247,117 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Darling Ingredients by 15.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,480,803 shares of the company’s stock valued at $233,701,000 after acquiring an additional 1,026,958 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of Darling Ingredients by 0.9% during the first quarter. Earnest Partners LLC now owns 4,082,416 shares of the company’s stock valued at $127,535,000 after acquiring an additional 36,085 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Darling Ingredients by 2.4% during the first quarter. Deutsche Bank AG now owns 3,394,250 shares of the company’s stock valued at $106,036,000 after acquiring an additional 78,770 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on DAR shares. Zacks Research lowered Darling Ingredients from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 16th. Bank of America started coverage on Darling Ingredients in a research note on Wednesday, October 8th. They set a “buy” rating and a $45.00 price objective on the stock. Baird R W lowered Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Piper Sandler decreased their price objective on Darling Ingredients from $50.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, UBS Group reaffirmed a “buy” rating and set a $58.00 price objective on shares of Darling Ingredients in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.00.

Darling Ingredients Stock Down 0.3%

Shares of NYSE:DAR opened at $34.46 on Tuesday. The stock’s 50-day moving average price is $32.13 and its two-hundred day moving average price is $33.17. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 51.43, a PEG ratio of 2.08 and a beta of 1.22. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.84. Darling Ingredients Inc. has a 12-month low of $26.00 and a 12-month high of $43.49.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Darling Ingredients had a return on equity of 2.41% and a net margin of 1.84%.The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 earnings per share. On average, research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Insider Activity at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 35,000 shares of the firm’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $30.92, for a total value of $1,082,200.00. Following the transaction, the chief executive officer directly owned 781,437 shares in the company, valued at $24,162,032.04. This trade represents a 4.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.62% of the stock is currently owned by company insiders.

Darling Ingredients Company 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.