Magnetar Financial LLC Invests $2.90 Million in Darling Ingredients Inc. (NYSE:DAR)

Magnetar Financial LLC acquired a new position in Darling Ingredients Inc. (NYSE:DAR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 86,165 shares of the company's stock, valued at approximately $2,903,000. Magnetar Financial LLC owned about 0.05% of Darling Ingredients as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its holdings in shares of Darling Ingredients by 203.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,844,297 shares of the company's stock worth $62,134,000 after acquiring an additional 1,235,985 shares during the period. Paloma Partners Management Co grew its stake in Darling Ingredients by 2,140.4% in the third quarter. Paloma Partners Management Co now owns 877,200 shares of the company's stock worth $32,597,000 after purchasing an additional 838,047 shares during the period. Erste Asset Management GmbH bought a new position in Darling Ingredients in the third quarter worth $30,545,000. FMR LLC lifted its position in Darling Ingredients by 17.3% during the third quarter. FMR LLC now owns 3,324,217 shares of the company's stock valued at $123,528,000 after buying an additional 491,477 shares during the period. Finally, Perpetual Ltd boosted its holdings in shares of Darling Ingredients by 2,200.7% during the 4th quarter. Perpetual Ltd now owns 477,225 shares of the company's stock valued at $16,078,000 after buying an additional 456,482 shares in the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on DAR shares. StockNews.com lowered shares of Darling Ingredients from a "hold" rating to a "sell" rating in a research note on Monday. Citigroup cut their price objective on shares of Darling Ingredients from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, Stephens reiterated an "overweight" rating and set a $52.00 target price on shares of Darling Ingredients in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $52.75.

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Darling Ingredients Stock Down 0.6 %

Darling Ingredients stock traded down $0.19 during trading hours on Tuesday, hitting $29.68. The stock had a trading volume of 1,281,693 shares, compared to its average volume of 2,116,993. The stock's 50-day moving average price is $35.53 and its 200-day moving average price is $36.58. The stock has a market capitalization of $4.72 billion, a P/E ratio of 17.16 and a beta of 1.25. Darling Ingredients Inc. has a 12-month low of $27.20 and a 12-month high of $48.39. The company has a quick ratio of 0.83, a current ratio of 1.41 and a debt-to-equity ratio of 0.89.

Darling Ingredients (NYSE:DAR - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.15. Darling Ingredients had a net margin of 4.88% and a return on equity of 6.04%. Equities research analysts anticipate that Darling Ingredients Inc. will post 2.81 EPS for the current fiscal 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.