Chicago Bridge & Iron Company N.V. (NYSE:CBI) was the target of some unusual options trading activity on Wednesday. Traders bought 896 call options on the company. This represents an increase of approximately 197% compared to the average volume of 302 call options.

Several research firms have issued reports on CBI. Jefferies Group LLC set a $15.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a research report on Tuesday. Credit Suisse Group lifted their price target on shares of Chicago Bridge & Iron Company N.V. from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday. UBS Group AG (USA) lifted their price target on shares of Chicago Bridge & Iron Company N.V. from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday. Deutsche Bank AG set a $21.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, BidaskClub lowered shares of Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chicago Bridge & Iron Company N.V. presently has an average rating of “Hold” and a consensus target price of $20.79.

Shares of Chicago Bridge & Iron Company N.V. (CBI) opened at $15.96 on Friday. Chicago Bridge & Iron Company N.V. has a 52 week low of $9.55 and a 52 week high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its quarterly earnings results on Monday, October 30th. The construction company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). Chicago Bridge & Iron Company N.V. had a negative net margin of 13.33% and a negative return on equity of 10.86%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. The company’s revenue for the quarter was down 18.7% on a year-over-year basis. equities research analysts forecast that Chicago Bridge & Iron Company N.V. will post -1.91 earnings per share for the current year.

In related news, insider Daniel M. Mccarthy sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $16.04, for a total transaction of $120,300.00. Following the transaction, the insider now owns 112,464 shares in the company, valued at $1,803,922.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Hanson & Doremus Investment Management boosted its stake in shares of Chicago Bridge & Iron Company N.V. by 14.8% in the 2nd quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock valued at $100,000 after purchasing an additional 650 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Chicago Bridge & Iron Company N.V. by 8.5% in the 1st quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock valued at $117,000 after purchasing an additional 300 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Chicago Bridge & Iron Company N.V. by 907.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 6,600 shares of the construction company’s stock valued at $130,000 after purchasing an additional 5,945 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Chicago Bridge & Iron Company N.V. by 47.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,697 shares of the construction company’s stock valued at $152,000 after purchasing an additional 2,466 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Chicago Bridge & Iron Company N.V. by 1,648.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,849 shares of the construction company’s stock valued at $175,000 after purchasing an additional 8,343 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

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About Chicago Bridge & Iron Company N.V.

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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