Frontier Wealth Management LLC lessened its stake in Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 17.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,775 shares of the construction company’s stock after selling 4,400 shares during the period. Frontier Wealth Management LLC’s holdings in Chicago Bridge & Iron Company N.V. were worth $410,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Hanson & Doremus Investment Management increased its position in 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 acquiring an additional 650 shares during the period. Clearbridge Investments LLC increased its position in 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 acquiring an additional 300 shares during the period. Chicago Partners Investment Group LLC increased its position in 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 acquiring an additional 5,945 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in 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 acquiring an additional 2,466 shares during the period. Finally, Prospera Financial Services Inc acquired a new position in Chicago Bridge & Iron Company N.V. in the 2nd quarter valued at about $184,000. Hedge funds and other institutional investors own 67.90% of the company’s stock.

Several equities analysts recently issued reports on CBI shares. ValuEngine cut Chicago Bridge & Iron Company N.V. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $15.00 price target (down previously from $33.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Monday, June 12th. Credit Suisse Group dropped their price target on Chicago Bridge & Iron Company N.V. from $34.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, June 19th. They noted that the move was a valuation call. Macquarie restated an “underperform” rating and issued a $10.00 price target (down previously from $11.50) on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, June 21st. Finally, Robert W. Baird set a $15.00 price target on Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a research report on Thursday, June 22nd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $22.05.

In other Chicago Bridge & Iron Company N.V. 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 value of $120,300.00. Following the sale, the insider now owns 112,464 shares in the company, valued at $1,803,922.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

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Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) traded down 0.41% during midday trading on Friday, reaching $16.80. The company’s stock had a trading volume of 1,609,649 shares. Chicago Bridge & Iron Company N.V. has a 1-year low of $9.55 and a 1-year high of $36.56. The stock has a 50 day moving average of $13.50 and a 200-day moving average of $20.97. The company’s market capitalization is $1.70 billion.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the 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 firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the business posted $1.17 EPS. Chicago Bridge & Iron Company N.V.’s revenue for the quarter was down 40.6% compared to the same quarter last year. On average, equities research analysts anticipate that Chicago Bridge & Iron Company N.V. will post ($1.83) earnings per share for the current year.

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.

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

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