Paloma Partners Management Co Sells 1,194,500 Shares of Darling Ingredients Inc. $DAR

Paloma Partners Management Co lessened its holdings in Darling Ingredients Inc. (NYSE:DAR) by 91.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,000 shares of the company’s stock after selling 1,194,500 shares during the period. Paloma Partners Management Co’s holdings in Darling Ingredients were worth $3,436,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Xponance Inc. increased its position in Darling Ingredients by 2.0% in the first quarter. Xponance Inc. now owns 20,183 shares of the company’s stock worth $631,000 after purchasing an additional 393 shares during the last quarter. State of Michigan Retirement System boosted its stake in Darling Ingredients by 1.1% during the first quarter. State of Michigan Retirement System now owns 38,074 shares of the company’s stock worth $1,189,000 after buying an additional 400 shares during the period. Spire Wealth Management boosted its stake in Darling Ingredients by 19.8% during the first quarter. Spire Wealth Management now owns 2,831 shares of the company’s stock worth $88,000 after buying an additional 468 shares during the period. State of Alaska Department of Revenue boosted its stake in Darling Ingredients by 2.6% during the first quarter. State of Alaska Department of Revenue now owns 18,610 shares of the company’s stock worth $581,000 after buying an additional 470 shares during the period. Finally, Hexagon Capital Partners LLC boosted its stake in Darling Ingredients by 33.3% during the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company’s stock worth $62,000 after buying an additional 500 shares during the period. Institutional investors own 94.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on DAR shares. Baird R W lowered shares of Darling Ingredients from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Tudor Pickering upgraded Darling Ingredients from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 11th. JPMorgan Chase & Co. began coverage on shares of Darling Ingredients in a research report on Wednesday, August 20th. They set an “overweight” rating and a $43.00 price target for the company. Robert W. Baird reissued a “neutral” rating and set a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. Finally, Piper Sandler cut their price objective on shares of Darling Ingredients from $54.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.57.

Insider Activity

In related news, CEO Randall C. Stuewe sold 35,000 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $30.92, for a total transaction of $1,082,200.00. Following the transaction, the chief executive officer directly owned 781,437 shares of the company’s stock, valued at approximately $24,162,032.04. The trade was a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.07% of the stock is owned by company insiders.

Darling Ingredients Stock Down 1.1%

DAR opened at $33.94 on Monday. Darling Ingredients Inc. has a one year low of $26.00 and a one year high of $43.49. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.89 and a current ratio of 1.50. The stock’s fifty day moving average is $34.77 and its 200-day moving average is $33.47. The company has a market capitalization of $5.37 billion, a PE ratio of 51.43 and a beta of 1.16.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities analysts predict 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.