Pioneer Investment Management Inc. cut its stake in Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 6.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,244,164 shares of the construction company’s stock after selling 80,952 shares during the period. Pioneer Investment Management Inc.’s holdings in Chicago Bridge & Iron Company N.V. were worth $24,547,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in 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 boosted its position in 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. boosted its position in 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 boosted its position in 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 boosted its position in 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. 67.19% of the stock is owned by institutional investors.

Shares of Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 16.33 on Thursday. The stock’s market capitalization is $1.65 billion. The stock’s 50 day moving average price is $17.61 and its 200 day moving average price is $25.31. Chicago Bridge & Iron Company N.V. has a one year low of $12.91 and a one year high of $36.56. Chicago Bridge & Iron Company N.V. also was the recipient of some unusual options trading on Wednesday. Traders purchased 896 call options on the company. This is an increase of 197% compared to the average daily volume of 302 call options.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its earnings results on Monday, May 8th. The construction company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by $0.71. Chicago Bridge & Iron Company N.V. had a negative net margin of 3.81% and a positive return on equity of 17.98%. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The firm’s revenue was down 11.4% on a year-over-year basis. On average, analysts forecast that Chicago Bridge & Iron Company N.V. will post $2.85 EPS for the current year.

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Several research analysts have recently issued reports on CBI shares. Credit Suisse Group cut Chicago Bridge & Iron Company N.V. from an “outperform” rating to a “neutral” rating and set a $21.00 price target for the company. in a research note 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. Bank of America Corporation started coverage on Chicago Bridge & Iron Company N.V. in a research note on Monday. They issued an “underperform” rating and a $14.00 price target for the company. Finally, MKM Partners reissued a “buy” rating and issued a $34.00 price target (down previously from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Friday, May 19th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.86.

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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