Darling Ingredients Inc. $DAR Stock Holdings Trimmed by Paloma Partners Management Co

Key Points

• Paloma Partners Management Co reduced its stake in Darling Ingredients Inc. by 91.6%, selling 1,194,500 shares and now holding approximately 110,000 shares valued at $3.4 million.
• Several institutional investors increased their holdings in Darling Ingredients, including Barrow Hanley Mewhinney & Strauss LLC, which boosted its position by 148.9% during the last quarter.
• Darling Ingredients reported a miss in earnings for the quarter with an EPS of $0.09, which fell short of analyst expectations of $0.12, despite a year-over-year revenue increase of 1.8%.

Paloma Partners Management Co reduced its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 91.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,000 shares of the company's stock after selling 1,194,500 shares during the quarter. Paloma Partners Management Co owned about 0.07% of Darling Ingredients worth $3,436,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DAR. Voya Investment Management LLC lifted its position in shares of 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 acquiring an additional 3,154 shares in the last quarter. Northern Trust Corp lifted its position in shares of Darling Ingredients by 15.8% in the fourth quarter. Northern Trust Corp now owns 1,402,348 shares of the company's stock valued at $47,245,000 after acquiring an additional 190,908 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Darling Ingredients in the fourth quarter valued at $258,000. Comerica Bank lifted its position in Darling Ingredients by 36.9% during the fourth quarter. Comerica Bank now owns 155,365 shares of the company's stock worth $5,234,000 after buying an additional 41,856 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Darling Ingredients during the fourth quarter worth about $2,225,000. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. started coverage on Darling Ingredients in a report on Wednesday, August 20th. They issued an "overweight" rating and a $43.00 price objective on the stock. Jefferies Financial Group raised their price objective on Darling Ingredients from $45.00 to $46.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Piper Sandler lowered their price objective on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a research note on Monday, July 28th. Baird R W lowered Darling Ingredients from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $36.00 target price (down previously from $40.00) on shares of Darling Ingredients in a research report on Friday, July 25th. One research 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.57.

Insider Activity

In related news, CEO Randall C. Stuewe sold 35,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $30.92, for a total value of $1,082,200.00. Following the sale, the chief executive officer owned 781,437 shares of the company's stock, valued at approximately $24,162,032.04. This trade represents a 4.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.62% of the company's stock.

Darling Ingredients Stock Performance

Shares of NYSE DAR traded up $0.50 during mid-day trading on Friday, hitting $32.07. The company had a trading volume of 1,724,585 shares, compared to its average volume of 2,106,425. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 48.59 and a beta of 1.16. Darling Ingredients Inc. has a 12 month low of $26.00 and a 12 month high of $43.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.89. The firm's 50 day simple moving average is $34.20 and its two-hundred day simple moving average is $33.28.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.49 billion. Darling Ingredients had a return on equity of 2.35% and a net margin of 1.85%.The company's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. As a group, equities research analysts forecast that Darling Ingredients Inc. will post 2.81 earnings per share for the current 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.