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

Paloma Partners Management Co boosted its position in Darling Ingredients Inc. (NYSE:DAR) by 48.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,304,500 shares of the company’s stock after acquiring an additional 427,300 shares during the quarter. 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’s holdings in Darling Ingredients were worth $43,949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp lifted its holdings in shares of Darling Ingredients by 15.8% during the 4th quarter. Northern Trust Corp now owns 1,402,348 shares of the company’s stock worth $47,245,000 after acquiring an additional 190,908 shares during the period. Boothbay Fund Management LLC bought a new position in Darling Ingredients during the 4th quarter valued at about $313,000. Susquehanna Fundamental Investments LLC acquired a new position in Darling Ingredients in the fourth quarter valued at about $7,109,000. Voya Investment Management LLC boosted its position in Darling Ingredients by 7.3% in the fourth quarter. Voya Investment Management LLC now owns 46,520 shares of the company’s stock valued at $1,567,000 after buying an additional 3,154 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its position in Darling Ingredients by 42.7% in the fourth quarter. Pinebridge Investments L.P. now owns 61,406 shares of the company’s stock valued at $2,069,000 after buying an additional 18,368 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Darling Ingredients Stock Performance

DAR stock opened at $31.84 on Tuesday. The business’s fifty day moving average is $31.59 and its 200-day moving average is $35.47. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89. The company has a market cap of $5.04 billion, a P/E ratio of 18.40 and a beta of 1.19. Darling Ingredients Inc. has a twelve month low of $26.00 and a twelve month high of $47.28.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings results on Thursday, April 24th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.36). The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.45 billion. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. Equities research analysts forecast that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Wall Street Analysts Forecast Growth

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

About Darling Ingredients

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.