DekaBank Deutsche Girozentrale raised its position in Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 45.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,773 shares of the construction company’s stock after buying an additional 64,400 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.20% of Chicago Bridge & Iron Company N.V. worth $2,052,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CBI. Hanson & Doremus Investment Management raised its stake in shares of Chicago Bridge & Iron Company N.V. by 14.8% in the second quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock valued at $100,000 after buying an additional 650 shares during the period. Chicago Partners Investment Group LLC raised its stake in shares of Chicago Bridge & Iron Company N.V. by 907.6% in the second quarter. Chicago Partners Investment Group LLC now owns 6,600 shares of the construction company’s stock valued at $130,000 after buying an additional 5,945 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Chicago Bridge & Iron Company N.V. by 47.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,697 shares of the construction company’s stock valued at $152,000 after buying an additional 2,466 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Chicago Bridge & Iron Company N.V. by 1,648.8% in the second quarter. Ameritas Investment Partners Inc. now owns 8,849 shares of the construction company’s stock valued at $175,000 after buying an additional 8,343 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Chicago Bridge & Iron Company N.V. in the second quarter valued at $177,000. Hedge funds and other institutional investors own 68.45% of the company’s stock.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) opened at $15.62 on Thursday. 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 earnings results on Monday, October 30th. The construction company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.19). Chicago Bridge & Iron Company N.V. had a negative return on equity of 10.86% and a negative net margin of 13.33%. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. Chicago Bridge & Iron Company N.V.’s quarterly revenue was down 18.7% compared to the same quarter last year. research analysts anticipate that Chicago Bridge & Iron Company N.V. will post -1.98 EPS for the current year.

Several analysts have issued reports on CBI shares. Credit Suisse Group restated a “hold” rating and issued a $13.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, September 13th. ValuEngine lowered Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. BidaskClub upgraded Chicago Bridge & Iron Company N.V. from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. UBS Group AG boosted their target price on Chicago Bridge & Iron Company N.V. from $13.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Finally, Robert W. Baird reiterated a “hold” rating and set a $10.00 price objective on shares of Chicago Bridge & Iron Company N.V. in a research note on Sunday, October 22nd. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, five 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 an average target price of $20.79.

In related news, EVP Daniel M. Mccarthy sold 7,500 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $16.29, for a total transaction of $122,175.00. Following the completion of the transaction, the executive vice president now directly owns 104,964 shares in the company, valued at $1,709,863.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have sold 22,500 shares of company stock valued at $357,525. 1.10% of the stock is owned by company insiders.

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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.

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

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