Sigma Planning Corp increased its position in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 15.1% during the second quarter, Holdings Channel reports. The institutional investor owned 25,452 shares of the construction company’s stock after buying an additional 3,331 shares during the period. Sigma Planning Corp’s holdings in Chicago Bridge & Iron Company N.V. were worth $502,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CBI. Clearbridge Investments LLC increased its position 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. Brick & Kyle Associates increased its position in Chicago Bridge & Iron Company N.V. by 14.5% in the first quarter. Brick & Kyle Associates now owns 3,950 shares of the construction company’s stock worth $121,000 after buying an additional 500 shares in the last quarter. Hanson & Doremus Investment Management increased its position 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. Northwestern Mutual Wealth Management Co. increased its position 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, Chicago Partners Investment Group LLC increased its position 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. Hedge funds and other institutional investors own 65.63% of the company’s stock.

Shares of Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 12.22 on Tuesday. The firm’s market capitalization is $1.24 billion. The company’s 50-day moving average price is $17.48 and its 200 day moving average price is $24.79. Chicago Bridge & Iron Company N.V. has a 12-month low of $10.54 and a 12-month high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its earnings results on Wednesday, August 9th. The construction company reported ($2.96) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $3.81. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $2.49 billion. Chicago Bridge & Iron Company N.V. had a negative net margin of 10.54% and a negative return on equity of 3.92%. The business’s revenue was down 40.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 earnings per share. On average, equities analysts forecast that Chicago Bridge & Iron Company N.V. will post $0.78 earnings per share for the current year.

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A number of research firms have weighed in on CBI. UBS AG restated a “buy” rating and issued a $21.00 price target (down from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, May 24th. BidaskClub downgraded Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a research note on Saturday. Deutsche Bank AG set a $21.00 price target on Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a research note on Thursday, August 10th. Credit Suisse Group set a $40.00 price target on Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a research note on Saturday, April 22nd. Finally, Citigroup Inc. set a $18.00 price target on Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a research note on Thursday, August 10th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $26.16.

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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