Darling Ingredients Inc. $DAR Shares Purchased by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC increased its stake in Darling Ingredients by 112.1%, owning 182,785 shares valued at $5.71 million as of the latest SEC filing.
• Several other institutional investors, including Peregrine Capital Management and GAMMA Investing LLC, also raised their positions in Darling Ingredients during the same period, highlighting strong institutional interest.
• Analysts have mixed views on the stock, with one maintaining a "neutral" rating and a new price target of $36.00, while others set targets as high as $46.00, reflecting varying expectations for the company's performance.

Magnetar Financial LLC raised its stake in Darling Ingredients Inc. (NYSE:DAR - Free Report) by 112.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 182,785 shares of the company's stock after purchasing an additional 96,620 shares during the quarter. Magnetar Financial LLC owned 0.12% of Darling Ingredients worth $5,710,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in shares of Darling Ingredients in the fourth quarter valued at approximately $25,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Darling Ingredients in the first quarter valued at approximately $30,000. Hexagon Capital Partners LLC boosted its stake in shares of Darling Ingredients by 33.3% in the first quarter. Hexagon Capital Partners LLC now owns 2,000 shares of the company's stock valued at $62,000 after buying an additional 500 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Darling Ingredients by 207.1% in the first quarter. UMB Bank n.a. now owns 2,036 shares of the company's stock valued at $64,000 after buying an additional 1,373 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Darling Ingredients by 101.3% in the first quarter. GAMMA Investing LLC now owns 2,063 shares of the company's stock valued at $64,000 after buying an additional 1,038 shares in the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Darling Ingredients Trading Down 2.0%

Darling Ingredients stock traded down $0.63 during trading on Thursday, hitting $31.28. The company's stock had a trading volume of 558,856 shares, compared to its average volume of 2,356,353. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 47.41 and a beta of 1.16. The stock's fifty day moving average is $34.46 and its 200 day moving average is $33.41. Darling Ingredients Inc. has a 1-year low of $26.00 and a 1-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.

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

Insider Buying and Selling at Darling Ingredients

In other news, CEO Randall C. Stuewe sold 35,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer owned 781,437 shares of the company's stock, valued at $24,162,032.04. This represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.07% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on DAR shares. Baird R W downgraded 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 research note on Wednesday, June 11th. Robert W. Baird restated a "neutral" rating and issued a $36.00 price target (down from $40.00) on shares of Darling Ingredients in a research note on Friday, July 25th. JPMorgan Chase & Co. started coverage on Darling Ingredients in a report on Wednesday, August 20th. They set an "overweight" rating and a $43.00 price objective for the company. Finally, Piper Sandler reduced their price objective on Darling Ingredients from $54.00 to $50.00 and set an "overweight" rating for the company in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Darling Ingredients presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.57.

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.