Paloma Partners Management Co Acquires 427,300 Shares of Darling Ingredients Inc. (NYSE:DAR)

Paloma Partners Management Co grew its holdings in shares of Darling Ingredients Inc. (NYSE:DAR) by 48.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,304,500 shares of the company’s stock after purchasing an additional 427,300 shares during the period. Darling Ingredients makes up approximately 2.0% of Paloma Partners Management Co’s investment portfolio, making the stock its 9th largest holding. Paloma Partners Management Co owned 0.82% of Darling Ingredients worth $43,949,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in Darling Ingredients during the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB boosted its position in shares of Darling Ingredients by 157.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,180 shares of the company’s stock valued at $40,000 after purchasing an additional 721 shares during the period. Palouse Capital Management Inc. acquired a new position in shares of Darling Ingredients in the 4th quarter valued at $86,000. First Horizon Advisors Inc. boosted its position in shares of Darling Ingredients by 30.9% in the 4th quarter. First Horizon Advisors Inc. now owns 3,016 shares of the company’s stock valued at $102,000 after purchasing an additional 712 shares during the period. Finally, Avanza Fonder AB acquired a new position in shares of Darling Ingredients in the 4th quarter valued at $145,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DAR has been the subject of a number of recent analyst reports. Citigroup decreased their price target on Darling Ingredients from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. TD Cowen dropped their target price on Darling Ingredients from $37.00 to $34.00 and set a “hold” rating on the stock in a report on Friday. StockNews.com upgraded shares of Darling Ingredients from a “sell” rating to a “hold” rating in a report on Friday. Stephens reaffirmed an “overweight” rating and set a $52.00 price objective on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, Robert W. Baird dropped their price objective on shares of Darling Ingredients from $41.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Darling Ingredients has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

Darling Ingredients Stock Performance

Shares of DAR opened at $31.84 on Tuesday. The company’s fifty day moving average is $31.59 and its 200-day moving average is $35.47. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $47.28. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 18.40 and a beta of 1.19. 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 (NYSE:DAR) last announced its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.36). Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the company earned $0.50 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts expect that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

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.