Who’s Buying Federal-Mogul Holdings Corp. (NASDAQ:FDML)?


The tech sector is hot right now, and especially as it relates to the renewable energy vehicle space. Here’s a look at the latest activity, and what it means for the entities in question.

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Federal-Mogul Holdings Corp. (NASDAQ:FDML) reported that Icahn Capital LP has picked up 138,590,141 of common stock as of 2017-01-03.

The acquisition brings the aggregate amount owned Icahn Capital LP to a total of 138,590,141 representing a 82.0% stake in the company.

For those not familiar with the company, Federal-Mogul Holdings Corporation is a supplier of technology in vehicle and industrial products for fuel economy, emissions reduction and safety systems. The Company operates in two segments: Powertrain and Motorparts. The Powertrain segment focuses on original equipment products for automotive, heavy duty and industrial applications. Products in the Powertrain segment include pistons, piston rings, piston pins, cylinder liners, valve seats and guides, engine valves, engine bearings, industrial bearings, bushings and washers, ignition products, dynamic seals, bonded piston seals, combustion and exhaust gaskets, static gaskets and seals, rigid heat shields, flexible heat shields, element resistant sleeving and lighting products.

A glance at Federal-Mogul Holdings Corp. (NASDAQ:FDML)’s key stats reveals a current market capitalization of 1.70 billion based on 169.04 million shares outstanding and a price at last close of $10.05 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2013-04-26, Jueckstock picked up 40 at a purchase price of $6.79. This brings their total holding to 40 as of the date of the filing.

On the sell side, the most recent transaction saw Goachet unload 13,800 shares at a sale price of $14.45. This brings their total holding to 0.

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 Federal-Mogul Holdings Corp. (NASDAQ:FDML) as things move forward to see if its progress aligns with these transactions.

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