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

Paloma Partners Management Co raised its stake in shares of Darling Ingredients Inc. (NYSE:DAR - Free Report) by 2,140.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 877,200 shares of the company's stock after buying an additional 838,047 shares during the period. Darling Ingredients comprises about 0.9% of Paloma Partners Management Co's investment portfolio, making the stock its 12th biggest holding. Paloma Partners Management Co owned 0.55% of Darling Ingredients worth $32,597,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Darling Ingredients by 173.9% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the company's stock valued at $31,000 after purchasing an additional 527 shares during the last quarter. Signaturefd LLC grew its position in shares of Darling Ingredients by 75.0% in the third quarter. Signaturefd LLC now owns 901 shares of the company's stock valued at $33,000 after purchasing an additional 386 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Darling Ingredients by 38.0% in the third quarter. Blue Trust Inc. now owns 1,046 shares of the company's stock worth $38,000 after purchasing an additional 288 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Darling Ingredients during the 3rd quarter worth about $58,000. Finally, Farther Finance Advisors LLC boosted its stake in Darling Ingredients by 69.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,854 shares of the company's stock valued at $69,000 after purchasing an additional 758 shares during the period. Institutional investors and hedge funds own 94.44% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on DAR shares. Jefferies Financial Group lifted their price target on Darling Ingredients from $44.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Piper Sandler decreased their price target on shares of Darling Ingredients from $50.00 to $48.00 and set an "overweight" rating on the stock in a research report on Friday, October 11th. JPMorgan Chase & Co. increased their target price on shares of Darling Ingredients from $58.00 to $59.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Finally, TD Cowen reduced their price objective on Darling Ingredients from $45.00 to $43.00 and set a "hold" rating for the company in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $53.44.

Darling Ingredients Price Performance

Shares of NYSE:DAR traded down $0.99 during trading on Monday, reaching $39.54. The stock had a trading volume of 654,889 shares, compared to its average volume of 2,153,628. The stock has a market capitalization of $6.29 billion, a PE ratio of 25.02 and a beta of 1.23. Darling Ingredients Inc. has a 52 week low of $32.67 and a 52 week high of $51.36. 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 debt-to-equity ratio of 0.89, a current ratio of 1.41 and a quick ratio of 0.83.

Darling Ingredients (NYSE:DAR - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.11 earnings per share 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 analyst estimates of $1.48 billion. During the same period in the prior year, the business earned $0.77 earnings per share. The company's revenue for the quarter was down 12.5% on a year-over-year basis. As a group, equities analysts predict that Darling Ingredients Inc. will post 1.88 earnings per share for the current year.

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.