Arcadia Investment Management Corp MI decreased its stake in Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 34.3% during the second quarter, Holdings Channel reports. The fund owned 9,520 shares of the construction company’s stock after selling 4,970 shares during the period. Arcadia Investment Management Corp MI’s holdings in Chicago Bridge & Iron Company N.V. were worth $188,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CBI. Vanguard Group Inc. raised its stake in shares of Chicago Bridge & Iron Company N.V. by 3.8% in the first quarter. Vanguard Group Inc. now owns 8,368,949 shares of the construction company’s stock valued at $257,345,000 after buying an additional 308,397 shares during the last quarter. FMR LLC raised its stake in shares of Chicago Bridge & Iron Company N.V. by 832.8% in the first quarter. FMR LLC now owns 5,253,638 shares of the construction company’s stock valued at $161,550,000 after buying an additional 4,690,447 shares during the last quarter. BlackRock Inc. raised its stake in shares of Chicago Bridge & Iron Company N.V. by 3,280.3% in the first quarter. BlackRock Inc. now owns 4,175,222 shares of the construction company’s stock valued at $128,389,000 after buying an additional 4,051,706 shares during the last quarter. Fairpointe Capital LLC raised its stake in shares of Chicago Bridge & Iron Company N.V. by 34.8% in the first quarter. Fairpointe Capital LLC now owns 2,852,261 shares of the construction company’s stock valued at $87,707,000 after buying an additional 736,649 shares during the last quarter. Finally, Beck Mack & Oliver LLC raised its stake in shares of Chicago Bridge & Iron Company N.V. by 364.0% in the second quarter. Beck Mack & Oliver LLC now owns 2,617,131 shares of the construction company’s stock valued at $51,636,000 after buying an additional 2,053,099 shares during the last quarter. Institutional investors own 65.63% of the company’s stock.

Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 11.19 on Wednesday. The firm’s market cap is $1.13 billion. The company has a 50-day moving average of $17.39 and a 200 day moving average of $24.62. Chicago Bridge & Iron Company N.V. has a 52 week low of $10.54 and a 52 week high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by $3.81. Chicago Bridge & Iron Company N.V. had a negative net margin of 10.54% and a negative return on equity of 3.92%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter last year, the business earned $1.17 EPS. The company’s revenue for the quarter was down 40.6% compared to the same quarter last year. On average, equities analysts predict that Chicago Bridge & Iron Company N.V. will post $0.54 earnings per share for the current year.

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CBI has been the topic of several research analyst reports. Credit Suisse Group lowered shares of Chicago Bridge & Iron Company N.V. from an “outperform” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research report on Monday, July 24th. Robert W. Baird set a $15.00 price target on Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a research note on Thursday, June 22nd. Wells Fargo & Company raised Chicago Bridge & Iron Company N.V. from a “market perform” rating to an “outperform” rating and set a $28.00 price target for the company in a research note on Wednesday, June 28th. BidaskClub downgraded Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Bank of America Corporation started coverage on Chicago Bridge & Iron Company N.V. in a research note on Monday, August 7th. They set an “underperform” rating and a $14.00 price target for the company. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $24.81.

Chicago Bridge & Iron Company N.V. Company Profile

Chicago Bridge & Iron Company N.V. provides services to customers in energy infrastructure market. The Company provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

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Institutional Ownership by Quarter for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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