River Road Asset Management Discloses 4.5% Stake in Delek US Holdings
Ticker: DK · Form: SC 13G · Filed: Jan 30, 2024 · CIK: 1694426
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**River Road Asset Management just revealed a 4.5% stake in Delek US Holdings, signaling institutional confidence.**
AI Summary
River Road Asset Management, LLC, an investment adviser based in Louisville, KY, reported owning 2,752,900 shares of Delek US Holdings, Inc. common stock as of December 31, 2023. This represents 4.5% of Delek's outstanding shares. This filing indicates River Road Asset Management's significant, but not controlling, stake in the petroleum refining company, suggesting a vote of confidence in Delek's future prospects, which could be a positive signal for current and potential investors.
Why It Matters
This filing shows a notable institutional investor has a significant position in Delek US Holdings, which can influence market perception and potentially provide stability to the stock.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by an institutional investor, which generally poses low risk to the company's operations or stock price.
Analyst Insight
Investors should note the institutional ownership by River Road Asset Management, LLC as a sign of confidence, but also recognize it's a passive stake, so no immediate activist actions are expected. This could be a positive data point for long-term holders.
Key Numbers
- 2,752,900 — Shares Owned (Represents the total number of Delek US Holdings common shares beneficially owned by River Road Asset Management, LLC.)
- 4.5% — Ownership Percentage (Indicates the percentage of Delek US Holdings' common stock owned by River Road Asset Management, LLC, as of December 31, 2023.)
Key Players & Entities
- River Road Asset Management, LLC (company) — the reporting person and institutional investor
- Delek US Holdings, Inc. (company) — the subject company, a petroleum refining company
- 2,752,900 (dollar_amount) — number of shares of common stock beneficially owned
- 4.5% (dollar_amount) — percentage of class of subject company's outstanding shares
- December 31, 2023 (date) — date of the event requiring the filing
Forward-Looking Statements
- River Road Asset Management, LLC will maintain its stake in Delek US Holdings, Inc. for the foreseeable future. (River Road Asset Management, LLC) — medium confidence, target: 2024-12-31
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is River Road Asset Management, LLC, with IRS Number 43-2076925, located at 462 South Fourth Street, Suite 2000, Louisville, KY 40202.
What is the subject company of this filing?
The subject company is Delek US Holdings, Inc., a petroleum refining company with CIK 0001694426, located at 310 Seven Springs Way, Suite 500, Brentwood, TN 37027.
How many shares of Delek US Holdings, Inc. common stock does River Road Asset Management, LLC beneficially own?
River Road Asset Management, LLC beneficially owns 2,752,900 shares of Delek US Holdings, Inc. common stock as of December 31, 2023.
What percentage of Delek US Holdings, Inc.'s common stock does River Road Asset Management, LLC own?
River Road Asset Management, LLC owns 4.5% of the class of Delek US Holdings, Inc.'s common stock.
What was the date of the event that required this SC 13G filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 30, 2024 regarding Delek US Holdings, Inc. (DK).