In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), TechnipFMC PLC(EPA:FTI) reported that Bpifrance Participations Sa has picked up 24,688,691 of common stock as of 2017-05-30.
The acquisition brings the aggregate amount owned by Bpifrance Participations Sa to a total of 24,688,691 representing less than 5.3% stake in the company.
For those not familiar with the company, TechnipFMC plc is involved in oil and gas projects, and provides related technologies, systems and services. The Company’s segments include subsea, onshore/offshore and surface projects. It offers a range of products and services and integrated solutions. Its Subsea products include trees, manifolds, controls, templates, flowline systems and umbilicals. Its Subsea services include drilling; installation, completion and life of field; asset management; well intervention, and inspection, maintenance and repair, and remotely operated vehicles and manipulator systems. The Onshore segment provides liquefied natural gas, gas treatment, petrochemicals and fertilizers, refining and hydrogen, and mining and metals. Its offshore services include fixed facilities and floating facilities. Its surface project segment offers a product and service platform, which gives customers access to solutions in measurement and production systems, surface wellhead systems and integrated services.
A glance at TechnipFMC PLC. (EPA:FTI)’s key stats reveals a current market capitalization of 13.42 Billion based on 466.59 Million shares outstanding and a price at last close of $25.73 per share.
Looking at insider activity, there are a few transactions worth noting.
On the sell side, the most recent transaction saw Beitler unload 12,000 shares at a sale price of $32.00. This brings their total holding to 87,886.
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 TechnipFMC PLC. (EPA:FTI) as things move forward to see if its progress aligns with these transactions.
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