Chicago Bridge & Iron Company N.V. (NYSE:CBI) saw unusually large options trading activity on Friday. Traders purchased 17,161 put options on the company. This represents an increase of approximately 195% compared to the average daily volume of 5,811 put options.

Chicago Bridge & Iron Company N.V. (CBI) opened at 11.90 on Wednesday. The company’s market capitalization is $1.20 billion. Chicago Bridge & Iron Company N.V. has a 12-month low of $9.55 and a 12-month high of $36.56. The firm has a 50-day moving average of $15.42 and a 200 day moving average of $23.46.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $3.81. Chicago Bridge & Iron Company N.V. had a negative return on equity of 3.92% and a negative net margin of 10.54%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The firm’s revenue for the quarter was down 40.6% on a year-over-year basis. Analysts expect that Chicago Bridge & Iron Company N.V. will post ($1.79) EPS for the current fiscal year.

A number of research firms have recently issued reports on CBI. Citigroup Inc. cut their target price on shares of Chicago Bridge & Iron Company N.V. from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, May 9th. Jefferies Group LLC restated a “buy” rating and set a $35.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research note on Tuesday, May 9th. Credit Suisse Group set a $34.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Vertical Research restated a “buy” rating and set a $45.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research note on Friday, June 30th. Finally, Robert W. Baird restated a “neutral” rating and set a $23.00 target price (down previously from $31.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, May 17th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $24.34.

A number of hedge funds and other institutional investors have recently bought and sold shares of CBI. Teachers Advisors LLC boosted its position in Chicago Bridge & Iron Company N.V. by 20.6% in the fourth quarter. Teachers Advisors LLC now owns 132,500 shares of the construction company’s stock worth $4,207,000 after buying an additional 22,593 shares in the last quarter. Bank of Montreal Can boosted its position in Chicago Bridge & Iron Company N.V. by 72.4% in the first quarter. Bank of Montreal Can now owns 46,087 shares of the construction company’s stock worth $1,418,000 after buying an additional 19,361 shares in the last quarter. Nationwide Fund Advisors boosted its position in Chicago Bridge & Iron Company N.V. by 9,639.4% in the first quarter. Nationwide Fund Advisors now owns 243,874 shares of the construction company’s stock worth $7,499,000 after buying an additional 241,370 shares in the last quarter. Glen Harbor Capital Management LLC boosted its position in Chicago Bridge & Iron Company N.V. by 395.9% in the first quarter. Glen Harbor Capital Management LLC now owns 69,504 shares of the construction company’s stock worth $2,137,000 after buying an additional 55,488 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in Chicago Bridge & Iron Company N.V. by 22.0% in the first quarter. IFP Advisors Inc now owns 15,388 shares of the construction company’s stock worth $473,000 after buying an additional 2,774 shares in the last quarter. 63.81% of the stock is currently owned by institutional investors.

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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.

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