Macquarie Group Ltd. raised its position in shares of Chicago Bridge & Iron Co. (NYSE:CBI) by 4,887.6% during the second quarter, Holdings Channel reports. The institutional investor owned 44,888 shares of the company’s stock after buying an additional 43,988 shares during the period. Macquarie Group Ltd.’s holdings in Chicago Bridge & Iron Co. were worth $1,554,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Torray LLC raised its position in Chicago Bridge & Iron Co. by 31.8% in the first quarter. Torray LLC now owns 239,050 shares of the company’s stock valued at $8,747,000 after buying an additional 57,720 shares in the last quarter. IFP Advisors Inc raised its position in Chicago Bridge & Iron Co. by 1.0% in the first quarter. IFP Advisors Inc now owns 9,991 shares of the company’s stock valued at $366,000 after buying an additional 98 shares in the last quarter. Compton Capital Management Inc. RI raised its position in Chicago Bridge & Iron Co. by 0.9% in the first quarter. Compton Capital Management Inc. RI now owns 11,085 shares of the company’s stock valued at $406,000 after buying an additional 100 shares in the last quarter. Commonwealth Equity Services Inc raised its position in Chicago Bridge & Iron Co. by 1.1% in the first quarter. Commonwealth Equity Services Inc now owns 21,376 shares of the company’s stock valued at $782,000 after buying an additional 239 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its position in Chicago Bridge & Iron Co. by 16,907.0% in the first quarter. Glenmede Trust Co. NA now owns 94,559 shares of the company’s stock valued at $3,459,000 after buying an additional 94,003 shares in the last quarter. 66.02% of the stock is currently owned by institutional investors and hedge funds.

Chicago Bridge & Iron Co. (NYSE:CBI) opened at 27.42 on Monday. The company has a 50-day moving average of $32.24 and a 200-day moving average of $35.64. Chicago Bridge & Iron Co. has a 52 week low of $27.32 and a 52 week high of $46.39. The company’s market cap is $2.83 billion.

Chicago Bridge & Iron Co. (NYSE:CBI) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.17 EPS for the quarter, missing the Zacks’ consensus estimate of $1.21 by $0.04. The business earned $2.70 billion during the quarter, compared to analyst estimates of $2.82 billion. Chicago Bridge & Iron Co. had a negative net margin of 4.81% and a positive return on equity of 24.66%. The firm’s revenue was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.55 EPS. On average, equities research analysts predict that Chicago Bridge & Iron Co. will post $4.75 EPS for the current year.

The company also recently declared a dividend, which will be paid on Friday, September 30th. Stockholders of record on Monday, September 26th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, September 22nd. Chicago Bridge & Iron Co.’s dividend payout ratio is currently -5.12%.

Several research analysts recently commented on the company. MKM Partners dropped their price target on Chicago Bridge & Iron Co. from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Sunday, July 24th. Credit Suisse Group AG reiterated a “buy” rating on shares of Chicago Bridge & Iron Co. in a research report on Saturday, June 4th. Standpoint Research reiterated a “buy” rating on shares of Chicago Bridge & Iron Co. in a research report on Wednesday, July 27th. Vetr upgraded Chicago Bridge & Iron Co. from a “hold” rating to a “buy” rating and set a $40.20 price target for the company in a research report on Monday, July 25th. Finally, Zacks Investment Research lowered Chicago Bridge & Iron Co. from a “hold” rating to a “sell” rating in a research report on Monday, August 1st. Three research analysts have rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Chicago Bridge & Iron Co. currently has a consensus rating of “Buy” and a consensus target price of $43.52.

In other news, EVP Patrick K. Mullen sold 11,985 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $36.65, for a total transaction of $439,250.25. Following the completion of the sale, the executive vice president now owns 105,222 shares in the company, valued at approximately $3,856,386.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Philip K. Asherman sold 166,700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $33.42, for a total transaction of $5,571,114.00. Following the sale, the insider now owns 666,950 shares of the company’s stock, valued at approximately $22,289,469. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

About Chicago Bridge & Iron Co.

Chicago Bridge & Iron Company N.V. (CB&I) provides a range of services to customers in the energy infrastructure market across the world. The Company provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

5 Day Chart for NYSE:CBI

Want to see what other hedge funds are holding CBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chicago Bridge & Iron Co. (NYSE:CBI).

Receive News & Ratings for Chicago Bridge & Iron Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chicago Bridge & Iron Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.