OFI Invest Asset Management Makes New Investment in Darling Ingredients Inc. (NYSE:DAR)

OFI Invest Asset Management bought a new position in shares of Darling Ingredients Inc. (NYSE:DAR) in the fourth quarter, HoldingsChannel.com reports. The firm bought 46,394 shares of the company’s stock, valued at approximately $1,509,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in shares of Darling Ingredients during the fourth quarter valued at about $25,000. Wilmington Savings Fund Society FSB raised its position in shares of Darling Ingredients by 157.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after buying an additional 721 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Darling Ingredients during the third quarter valued at about $58,000. Farther Finance Advisors LLC raised its position in shares of Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after buying an additional 758 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Darling Ingredients by 42.5% during the third quarter. First Horizon Advisors Inc. now owns 2,304 shares of the company’s stock valued at $86,000 after buying an additional 687 shares during the last quarter. Institutional investors and hedge funds own 94.44% of the company’s stock.

Darling Ingredients Stock Down 1.6 %

Shares of DAR opened at $32.24 on Monday. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 18.64 and a beta of 1.25. 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 $31.87 and a 12 month high of $48.39. The company has a 50-day moving average price of $36.53 and a two-hundred day moving average price of $37.40.

Darling Ingredients (NYSE:DAR) last posted its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating 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 predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Analysts Set New Price Targets

DAR has been the subject of a number of research analyst reports. Citigroup cut their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. StockNews.com raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Stephens reaffirmed an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Darling Ingredients has an average rating of “Moderate Buy” and an average 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.