Magnetar Financial LLC Purchases Shares of 86,165 Darling Ingredients Inc. (NYSE:DAR)

Magnetar Financial LLC acquired a new position in shares of Darling Ingredients Inc. (NYSE:DAR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 86,165 shares of the company’s stock, valued at approximately $2,903,000. Magnetar Financial LLC owned approximately 0.05% of Darling Ingredients at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. M&T Bank Corp grew its stake in Darling Ingredients by 3.3% in the fourth quarter. M&T Bank Corp now owns 8,987 shares of the company’s stock valued at $303,000 after acquiring an additional 286 shares during the period. Ironwood Investment Management LLC grew its position in Darling Ingredients by 0.7% in the 4th quarter. Ironwood Investment Management LLC now owns 41,957 shares of the company’s stock valued at $1,414,000 after purchasing an additional 297 shares during the period. CIBC Asset Management Inc increased its stake in Darling Ingredients by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 6,105 shares of the company’s stock valued at $206,000 after purchasing an additional 337 shares in the last quarter. Metis Global Partners LLC raised its holdings in Darling Ingredients by 4.3% during the fourth quarter. Metis Global Partners LLC now owns 9,786 shares of the company’s stock worth $330,000 after buying an additional 406 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in shares of Darling Ingredients by 5.7% in the third quarter. Glenmede Trust Co. NA now owns 7,609 shares of the company’s stock valued at $283,000 after buying an additional 412 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on DAR. Stephens reissued an “overweight” rating and set a $52.00 target price on shares of Darling Ingredients in a research report on Thursday, January 23rd. Citigroup lowered their price objective on Darling Ingredients from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com raised Darling Ingredients from a “sell” rating to a “hold” rating in a research report on Friday, March 7th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $52.75.

Darling Ingredients Price Performance

Shares of NYSE DAR opened at $30.42 on Friday. The company has a market capitalization of $4.83 billion, a PE ratio of 17.58 and a beta of 1.25. 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 stock’s 50 day moving average price is $35.79 and its 200-day moving average price is $36.76. Darling Ingredients Inc. has a twelve month low of $27.20 and a twelve month 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, topping the consensus estimate of $0.48 by $0.15. Darling Ingredients had a return on equity of 6.04% and a net margin of 4.88%. On average, equities analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current year.

Darling Ingredients 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.