Magnetar Financial LLC Acquires New Stake in Darling Ingredients Inc. (NYSE:DAR)

Magnetar Financial LLC bought a new position in Darling Ingredients Inc. (NYSE:DAR) in the fourth quarter, Holdings Channel reports. The firm bought 86,165 shares of the company’s stock, valued at approximately $2,903,000.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp increased its holdings in Darling Ingredients by 5.7% in the 3rd quarter. State Street Corp now owns 5,357,815 shares of the company’s stock worth $199,096,000 after acquiring an additional 289,407 shares during the last quarter. FMR LLC increased its stake in shares of Darling Ingredients by 17.3% in the third quarter. FMR LLC now owns 3,324,217 shares of the company’s stock worth $123,528,000 after purchasing an additional 491,477 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Darling Ingredients by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,739,621 shares of the company’s stock valued at $101,830,000 after buying an additional 36,618 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Darling Ingredients by 203.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company’s stock worth $62,134,000 after buying an additional 1,235,985 shares during the period. Finally, Southernsun Asset Management LLC grew its stake in Darling Ingredients by 11.6% in the 3rd quarter. Southernsun Asset Management LLC now owns 1,487,458 shares of the company’s stock valued at $55,274,000 after buying an additional 154,038 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors.

Darling Ingredients Stock Up 0.6 %

DAR stock opened at $30.42 on Friday. The company’s 50 day moving average is $35.79 and its 200 day moving average is $36.76. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 17.58 and a beta of 1.25. The company has a current ratio of 1.41, a quick ratio of 0.83 and a debt-to-equity ratio of 0.89. Darling Ingredients Inc. has a 1-year low of $27.20 and a 1-year high of $48.39.

Darling Ingredients (NYSE:DAR) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. Sell-side analysts predict that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DAR shares. StockNews.com upgraded Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Stephens reiterated an “overweight” rating and set a $52.00 price target on shares of Darling Ingredients in a research report on Thursday, January 23rd. Finally, Citigroup cut their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.75.

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.