Darling Ingredients Inc. (NYSE:DAR) Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. lowered its position in shares of Darling Ingredients Inc. (NYSE:DAR) by 3.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,570 shares of the company’s stock after selling 449 shares during the period. Sumitomo Life Insurance Co.’s holdings in Darling Ingredients were worth $726,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of DAR. Moneta Group Investment Advisors LLC grew its position in shares of 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 acquiring an additional 7,656,389 shares during the last quarter. Norges Bank bought a new position in Darling Ingredients in the 4th quarter valued at about $135,362,000. Triodos Investment Management BV bought a new position in Darling Ingredients in the 3rd quarter valued at about $34,698,000. Schonfeld Strategic Advisors LLC grew its position in Darling Ingredients by 2,618.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 488,868 shares of the company’s stock valued at $25,519,000 after buying an additional 470,886 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its position in Darling Ingredients by 10.4% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,755,861 shares of the company’s stock valued at $248,256,000 after buying an additional 446,483 shares in the last quarter. Institutional investors own 94.44% of the company’s stock.

Analyst Ratings Changes

DAR has been the subject of a number of research analyst reports. Stephens cut their price target on shares of Darling Ingredients from $55.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Citigroup boosted their target price on Darling Ingredients from $46.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Stifel Nicolaus cut their price objective on Darling Ingredients from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, April 8th. BMO Capital Markets cut their target price on Darling Ingredients from $60.00 to $57.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Finally, Scotiabank cut their target price on Darling Ingredients from $73.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.82.

Insider Buying and Selling at Darling Ingredients

In related news, Director Kurt Stoffel bought 8,000 shares of Darling Ingredients stock in a transaction dated Thursday, February 29th. The shares were bought at an average cost of $41.62 per share, with a total value of $332,960.00. Following the acquisition, the director now owns 10,571 shares in the company, valued at approximately $439,965.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.26% of the company’s stock.

Darling Ingredients Stock Down 2.8 %

DAR stock opened at $43.14 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.10 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $6.89 billion, a PE ratio of 10.84 and a beta of 1.29. Darling Ingredients Inc. has a 1-year low of $38.97 and a 1-year high of $71.60. The business’s 50 day simple moving average is $43.83 and its 200 day simple moving average is $44.87.

Darling Ingredients (NYSE:DAR) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.12). Darling Ingredients had a net margin of 9.54% and a return on equity of 15.05%. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.65 billion. As a group, research analysts anticipate that Darling Ingredients Inc. will post 3.41 EPS 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.