By otakuyassine3@gmail.com 
Sumitomo Mitsui Trust Group Inc. lowered its stake in Darling Ingredients Inc. (NYSE:DAR – Free Report) by 29.0% in the 4th quarter, Holdings Channel reports. The firm owned 25,557 shares of the company’s stock after selling 10,453 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Darling Ingredients were worth $861,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its position in shares of 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 acquiring an additional 1,235,985 shares during the last quarter. Paloma Partners Management Co boosted its position in shares of Darling Ingredients by 2,140.4% during the 3rd quarter. Paloma Partners Management Co now owns 877,200 shares of the company’s stock valued at $32,597,000 after acquiring an additional 838,047 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of Darling Ingredients during the 3rd quarter valued at about $30,545,000. ING Groep NV lifted its position in Darling Ingredients by 244.1% in the 3rd quarter. ING Groep NV now owns 810,100 shares of the company’s stock worth $30,103,000 after buying an additional 574,700 shares during the last quarter. Finally, FMR LLC lifted its position in Darling Ingredients by 17.3% in the 3rd quarter. FMR LLC now owns 3,324,217 shares of the company’s stock worth $123,528,000 after buying an additional 491,477 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.
Darling Ingredients Trading Up 1.0 %
NYSE DAR opened at $40.90 on Friday. 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 twelve month low of $32.55 and a twelve month high of $48.39. The firm has a market capitalization of $6.50 billion, a PE ratio of 23.64 and a beta of 1.21. The stock’s 50 day moving average is $35.83 and its 200 day moving average is $37.55.
Darling Ingredients (NYSE:DAR – Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.63 earnings per share 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%. Research analysts forecast that Darling Ingredients Inc. will post 2.79 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms recently weighed in on DAR. Jefferies Financial Group boosted their target price on Darling Ingredients from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their price target on Darling Ingredients from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Stephens reaffirmed an “overweight” rating and issued a $52.00 price target on shares of Darling Ingredients in a research note on Thursday, January 23rd. Finally, Citigroup decreased their price target on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.22.
View Our Latest Stock Analysis on DAR
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.
See Also
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