Paloma Partners Management Co Buys 838,047 Shares of Darling Ingredients Inc. (NYSE:DAR)

Paloma Partners Management Co lifted its stake in Darling Ingredients Inc. (NYSE:DAR) by 2,140.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 877,200 shares of the company’s stock after acquiring an additional 838,047 shares during the period. Darling Ingredients makes up about 0.9% of Paloma Partners Management Co’s holdings, making the stock its 12th largest holding. Paloma Partners Management Co’s holdings in Darling Ingredients were worth $32,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Darling Ingredients by 173.9% in the third quarter. GAMMA Investing LLC now owns 830 shares of the company’s stock worth $31,000 after acquiring an additional 527 shares during the period. Signaturefd LLC boosted its stake in Darling Ingredients by 75.0% during the third quarter. Signaturefd LLC now owns 901 shares of the company’s stock valued at $33,000 after buying an additional 386 shares during the period. Blue Trust Inc. boosted its stake in Darling Ingredients by 38.0% during the third quarter. Blue Trust Inc. now owns 1,046 shares of the company’s stock valued at $38,000 after buying an additional 288 shares during the period. Ashton Thomas Securities LLC bought a new stake in Darling Ingredients during the third quarter valued at $58,000. Finally, Farther Finance Advisors LLC boosted its stake in Darling Ingredients by 69.2% during the third quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company’s stock valued at $69,000 after buying an additional 758 shares during the period. 94.44% of the stock is owned by institutional investors.

Darling Ingredients Stock Up 0.0 %

DAR opened at $40.53 on Monday. The company has a market cap of $6.45 billion, a P/E ratio of 25.02 and a beta of 1.23. The business’s 50-day moving average price is $38.89 and its 200-day moving average price is $38.35. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 12 month low of $32.67 and a 12 month high of $51.36.

Darling Ingredients (NYSE:DAR) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.29). Darling Ingredients had a net margin of 4.42% and a return on equity of 5.98%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, equities analysts expect that Darling Ingredients Inc. will post 1.88 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Jefferies Financial Group lifted their price objective on Darling Ingredients from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, October 25th. TD Cowen dropped their price objective on Darling Ingredients from $45.00 to $43.00 and set a “hold” rating for the company in a research note on Friday, September 13th. JPMorgan Chase & Co. lifted their price objective on Darling Ingredients from $58.00 to $59.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler lowered their price target on Darling Ingredients from $50.00 to $48.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Darling Ingredients presently has an average rating of “Moderate Buy” and a consensus target price of $53.44.

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.