OFI Invest Asset Management Purchases Shares of 46,394 Darling Ingredients Inc. (NYSE:DAR)

OFI Invest Asset Management bought a new stake in shares of Darling Ingredients Inc. (NYSE:DAR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 46,394 shares of the company’s stock, valued at approximately $1,509,000.

Several other large investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake 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 purchasing an additional 289,407 shares during the period. FMR LLC raised its stake in Darling Ingredients by 17.3% during the 3rd 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 during the period. Geode Capital Management LLC raised its stake in Darling Ingredients by 1.4% during the 3rd 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 during the period. Assenagon Asset Management S.A. raised its stake in Darling Ingredients by 203.2% during the 4th 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 period. Finally, Southernsun Asset Management LLC raised its stake in Darling Ingredients by 11.6% during the 3rd quarter. Southernsun Asset Management LLC now owns 1,487,458 shares of the company’s stock valued at $55,274,000 after purchasing an additional 154,038 shares during the period. 94.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on DAR shares. StockNews.com raised shares of Darling Ingredients from a “sell” rating to a “hold” rating in a research note on Friday. Stephens restated an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. Finally, Citigroup lowered their price target on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.75.

Darling Ingredients Trading Down 1.6 %

Shares of NYSE:DAR opened at $32.24 on Monday. The stock has a market capitalization of $5.12 billion, a PE ratio of 18.64 and a beta of 1.25. Darling Ingredients Inc. has a 1 year low of $31.87 and a 1 year high of $48.39. The firm has a fifty day moving average price of $36.53 and a 200 day moving average price of $37.40. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data 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%. Analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal 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.