Sumitomo Mitsui Trust Group Inc. Sells 10,453 Shares of Darling Ingredients Inc. (NYSE:DAR)

Sumitomo Mitsui Trust Group Inc. reduced its position in Darling Ingredients Inc. (NYSE:DAR) by 29.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,557 shares of the company’s stock after selling 10,453 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Darling Ingredients were worth $861,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in shares of Darling Ingredients in the 4th quarter worth $25,000. GAMMA Investing LLC lifted its holdings in shares of Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after purchasing an additional 527 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Darling Ingredients by 75.0% in the 3rd quarter. Signaturefd LLC now owns 901 shares of the company’s stock worth $33,000 after purchasing an additional 386 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Darling Ingredients by 38.0% in the 3rd quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock worth $38,000 after purchasing an additional 288 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of Darling Ingredients in the 3rd quarter worth $58,000. 94.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Stephens reiterated an “overweight” rating and issued a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. Jefferies Financial Group increased their price target on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Citigroup lowered their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased their price target on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.22.

Darling Ingredients Trading Up 1.0 %

Shares of Darling Ingredients stock opened at $40.90 on Friday. Darling Ingredients Inc. has a 1 year low of $32.55 and a 1 year high of $48.39. The firm has a market cap of $6.50 billion, a PE ratio of 23.64 and a beta of 1.21. The stock has a fifty day moving average price of $35.83 and a 200-day moving average price of $37.55. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR) last announced its earnings results on Thursday, February 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. Equities research analysts anticipate that Darling Ingredients Inc. will post 2.79 EPS for the current year.

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.