Evanston Investments Inc. dba Evanston Advisors raised its position in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 26.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 306,405 shares of the construction company’s stock after buying an additional 64,672 shares during the period. Evanston Investments Inc. dba Evanston Advisors owned 0.30% of Chicago Bridge & Iron Company N.V. worth $6,045,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hanson & Doremus Investment Management increased its stake in 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 worth $100,000 after buying an additional 650 shares in 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 in the last quarter. Chicago Partners Investment Group LLC increased its stake in 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 worth $130,000 after buying an additional 5,945 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Chicago Bridge & Iron Company N.V. by 136.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,231 shares of the construction company’s stock worth $160,000 after buying an additional 3,021 shares in the last quarter. Finally, Prospera Financial Services Inc purchased a new stake in Chicago Bridge & Iron Company N.V. during the second quarter worth $184,000. Institutional investors and hedge funds own 63.81% of the company’s stock.

Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) remained flat at $12.55 during trading on Thursday. The company’s stock had a trading volume of 1,099,682 shares. Chicago Bridge & Iron Company N.V. has a 52-week low of $9.55 and a 52-week high of $36.56. The firm’s market capitalization is $1.27 billion. The stock’s 50-day moving average price is $15.42 and its 200 day moving average price is $23.46.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) earnings per share (EPS) 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 analysts’ expectations of $2.49 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. The company’s revenue was down 40.6% compared to the same quarter last year. On average, equities research analysts expect that Chicago Bridge & Iron Company N.V. will post ($1.79) EPS for the current year.

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CBI has been the subject of a number of recent analyst reports. Credit Suisse Group downgraded shares of Chicago Bridge & Iron Company N.V. from an “outperform” rating to a “neutral” rating and set a $21.00 target price for the company. in a research report on Monday, July 24th. Robert W. Baird set a $15.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a research report on Thursday, June 22nd. Wells Fargo & Company raised shares of Chicago Bridge & Iron Company N.V. from a “market perform” rating to an “outperform” rating and set a $28.00 target price for the company in a research report on Wednesday, June 28th. BidaskClub downgraded 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. Finally, Bank of America Corporation initiated coverage on shares of Chicago Bridge & Iron Company N.V. in a research report on Monday, August 7th. They set an “underperform” rating and a $14.00 target price for the company. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $24.10.

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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