Sumitomo Mitsui Trust Holdings Inc. Sells 8,636 Shares of Darling Ingredients Inc. (NYSE:DAR)

Sumitomo Mitsui Trust Holdings Inc. lowered its stake in shares of Darling Ingredients Inc. (NYSE:DAR) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 457,722 shares of the company’s stock after selling 8,636 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Darling Ingredients were worth $22,813,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in DAR. Moneta Group Investment Advisors LLC boosted its position in Darling Ingredients by 107,533.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,663,509 shares of the company’s stock worth $479,659,000 after purchasing an additional 7,656,389 shares during the period. Norges Bank bought a new stake in shares of Darling Ingredients in the fourth quarter valued at approximately $135,362,000. Triodos Investment Management BV bought a new stake in shares of Darling Ingredients in the third quarter valued at approximately $34,698,000. Schonfeld Strategic Advisors LLC boosted its position in shares of Darling Ingredients by 2,618.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 488,868 shares of the company’s stock valued at $25,519,000 after acquiring an additional 470,886 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Darling Ingredients by 10.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,755,861 shares of the company’s stock valued at $248,256,000 after acquiring an additional 446,483 shares during the period. Institutional investors own 94.44% of the company’s stock.

Insiders Place Their Bets

In related news, Director Kurt Stoffel acquired 8,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was purchased at an average cost of $41.62 per share, for a total transaction of $332,960.00. Following the completion of the purchase, the director now directly owns 10,571 shares of the company’s stock, valued at approximately $439,965.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.62% of the company’s stock.

Wall Street Analysts Forecast Growth

DAR has been the subject of several research reports. Stifel Nicolaus reduced their price objective on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, April 8th. Scotiabank reduced their price objective on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. Citigroup increased their price objective on Darling Ingredients from $46.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. reduced their target price on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Finally, BMO Capital Markets reduced their target price on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.55.

Darling Ingredients Stock Up 3.5 %

Shares of DAR stock opened at $42.61 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.86 and a quick ratio of 1.10. The stock has a fifty day moving average price of $43.85 and a 200 day moving average price of $44.64. Darling Ingredients Inc. has a one year low of $38.97 and a one year high of $71.60. The stock has a market cap of $6.81 billion, a P/E ratio of 10.71 and a beta of 1.29.

Darling Ingredients (NYSE:DAR) last released its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.12). Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.65 billion. Analysts predict that Darling Ingredients Inc. will post 3.32 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.