Sumitomo Mitsui Trust Group Inc. Trims Holdings in Darling Ingredients Inc. (NYSE:DAR)

Sumitomo Mitsui Trust Group Inc. trimmed its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 29.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Private Management Group Inc. raised its stake in shares of Darling Ingredients by 5.5% in the 4th quarter. Private Management Group Inc. now owns 856,811 shares of the company's stock valued at $28,866,000 after acquiring an additional 44,378 shares during the period. DAVENPORT & Co LLC increased its stake in Darling Ingredients by 25.3% during the 4th quarter. DAVENPORT & Co LLC now owns 53,000 shares of the company's stock worth $1,786,000 after buying an additional 10,700 shares during the period. Heck Capital Advisors LLC purchased a new stake in Darling Ingredients during the 4th quarter worth approximately $25,000. Swedbank AB increased its stake in Darling Ingredients by 180.2% during the 4th quarter. Swedbank AB now owns 64,738 shares of the company's stock worth $2,181,000 after buying an additional 41,637 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in Darling Ingredients by 24.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 55,501 shares of the company's stock worth $1,870,000 after buying an additional 11,021 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.

Darling Ingredients Stock Up 1.7 %

Shares of Darling Ingredients stock traded up $0.68 during trading hours on Tuesday, hitting $41.60. The company had a trading volume of 584,628 shares, compared to its average volume of 2,071,143. The company's 50-day moving average is $35.93 and its two-hundred day moving average is $37.54. Darling Ingredients Inc. has a twelve month low of $32.55 and a twelve month high of $48.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83. The company has a market cap of $6.62 billion, a P/E ratio of 24.05 and a beta of 1.21.

Darling Ingredients (NYSE:DAR - Get Free Report) last issued 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 net margin of 4.88% and a return on equity of 6.04%. Analysts anticipate that Darling Ingredients Inc. will post 2.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Citigroup cut their target price on shares of Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Jefferies Financial Group upped their target price on shares of Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Stephens reiterated an "overweight" rating and set a $52.00 price target on shares of Darling Ingredients in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Darling Ingredients presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.22.

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.