Sumitomo Mitsui DS Asset Management Company Ltd Sells 449 Shares of Darling Ingredients Inc. (NYSE:DAR)

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,687 shares of the company’s stock after selling 449 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Darling Ingredients were worth $2,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Darling Ingredients during the 4th quarter valued at $29,000. Stone House Investment Management LLC lifted its holdings in shares of Darling Ingredients by 100.0% during the 4th quarter. Stone House Investment Management LLC now owns 600 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the period. Millburn Ridgefield Corp bought a new position in shares of Darling Ingredients during the 3rd quarter valued at $31,000. Catalyst Capital Advisors LLC bought a new position in shares of Darling Ingredients during the 3rd quarter valued at $31,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Darling Ingredients during the 3rd quarter valued at $38,000. 94.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DAR has been the topic of several research analyst reports. Stifel Nicolaus lowered their price target on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, April 8th. Citigroup raised their target price on Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Stephens decreased their target price on Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. JPMorgan Chase & Co. decreased their target price on Darling Ingredients from $66.00 to $62.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. Finally, BMO Capital Markets decreased their target price on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.55.

Darling Ingredients Trading Up 0.6 %

Shares of DAR stock opened at $43.15 on Wednesday. Darling Ingredients Inc. has a 52-week low of $38.97 and a 52-week high of $71.60. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.10 and a current ratio of 1.86. The firm has a market capitalization of $6.89 billion, a PE ratio of 10.82 and a beta of 1.29. The stock has a fifty day simple moving average of $43.85 and a two-hundred day simple moving average of $44.61.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). Darling Ingredients had a return on equity of 15.05% and a net margin of 9.54%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.65 billion. On average, analysts predict that Darling Ingredients Inc. will post 3.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other Darling Ingredients news, Director Kurt Stoffel purchased 8,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was acquired at an average price of $41.62 per share, for a total transaction of $332,960.00. Following the purchase, the director now 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 Securities & Exchange Commission, which can be accessed through this link. 2.26% of the stock is currently owned by company insiders.

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.