Daiwa Securities Group Inc. increased its position in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 127.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,110 shares of the construction company’s stock after buying an additional 39,300 shares during the period. Daiwa Securities Group Inc.’s holdings in Chicago Bridge & Iron Company N.V. were worth $1,383,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the stock. Patten & Patten Inc. TN increased its stake in Chicago Bridge & Iron Company N.V. by 2.1% in the first quarter. Patten & Patten Inc. TN now owns 9,885 shares of the construction company’s stock worth $304,000 after buying an additional 200 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Chicago Bridge & Iron Company N.V. by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 23,291 shares of the construction company’s stock worth $716,000 after buying an additional 277 shares during the last quarter. Selway Asset Management increased its stake in Chicago Bridge & Iron Company N.V. by 0.3% in the first quarter. Selway Asset Management now owns 88,550 shares of the construction company’s stock worth $2,723,000 after buying an additional 300 shares during the last quarter. Clearbridge Investments LLC increased its stake in Chicago Bridge & Iron Company N.V. by 8.5% in the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock worth $117,000 after buying an additional 300 shares during the last quarter. Finally, Birmingham Capital Management Co. Inc. AL increased its stake in Chicago Bridge & Iron Company N.V. by 0.7% in the second quarter. Birmingham Capital Management Co. Inc. AL now owns 40,775 shares of the construction company’s stock worth $804,000 after buying an additional 300 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 16.33 on Thursday. The firm’s market capitalization is $1.65 billion. Chicago Bridge & Iron Company N.V. has a one year low of $12.91 and a one year high of $36.56. The firm has a 50-day moving average price of $17.61 and a 200 day moving average price of $25.31. Chicago Bridge & Iron Company N.V. also was the target of some unusual options trading activity on Wednesday. Stock investors bought 896 call options on the stock. This represents an increase of approximately 197% compared to the typical volume of 302 call options.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released 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 positive return on equity of 17.98% and a negative net margin of 3.81%. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the company earned $1.01 EPS. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. Equities research analysts anticipate that Chicago Bridge & Iron Company N.V. will post $2.85 earnings per share for the current year.

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A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reiterated a “neutral” rating and set a $23.00 price target (down from $31.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, May 17th. Credit Suisse Group set a $40.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a research report on Saturday, April 22nd. UBS AG reiterated a “buy” rating and set a $21.00 price target (down from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, May 24th. BidaskClub upgraded shares of Chicago Bridge & Iron Company N.V. from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Citigroup Inc. restated a “neutral” rating and set a $20.00 price objective (down from $23.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Tuesday, July 18th. 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 issued a strong buy rating to the stock. Chicago Bridge & Iron Company N.V. has an average 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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