In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Darling Ingredients Inc. (NYSE:DAR) reported that Southernsun Asset Management, Llc. has picked up 16,034,739 of common stock as of 2017-06-05.
The acquisition brings the aggregate amount owned by Southernsun Asset Management, Llc. to a total of 16,034,739 representing less than 9.74% stake in the company.
For those not familiar with the company, Darling Ingredients Inc. (Darling) is a developer and producer of sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy and fertilizer industries. The Company operates through three segments: Feed Ingredients, Food Ingredients and Fuel Ingredients. The Company collects and transforms all aspects of animal by-product streams into useable and specialty ingredients, such as gelatin, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstocks, green energy, natural casings and hides. In addition, the Company provides grease trap services to food service establishments, environmental services to food processors and sells restaurant cooking oil delivery and collection equipment.
A glance at Darling Ingredients Inc. (NYSE:DAR)’s key stats reveals a current market capitalization of 2.66 Billion based on 164.65 Million shares outstanding and a price at last close of $16.08 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-05-23, Lynch picked up 18,337 at a purchase price of $16.39. This brings their total holding to 147,295 as of the date of the filing.
On the sell side, the most recent transaction saw Bullock unload 11,258 shares at a sale price of $14.18. This brings their total holding to 115,711.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Darling Ingredients Inc. (NYSE:DAR) as things move forward to see if its progress aligns with these transactions.
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