Vanguard Group Inc. cut its holdings in Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,122,717 shares of the construction company’s stock after selling 246,232 shares during the quarter. Vanguard Group Inc. owned approximately 8.05% of Chicago Bridge & Iron Company N.V. worth $160,260,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CBI. Karp Capital Management Corp purchased a new stake in Chicago Bridge & Iron Company N.V. in the first quarter worth about $411,000. Neuberger Berman Group LLC raised its holdings in Chicago Bridge & Iron Company N.V. by 1.3% in the first quarter. Neuberger Berman Group LLC now owns 40,684 shares of the construction company’s stock worth $1,251,000 after purchasing an additional 530 shares in the last quarter. Teachers Advisors LLC raised its holdings in Chicago Bridge & Iron Company N.V. by 9.2% in the first quarter. Teachers Advisors LLC now owns 144,719 shares of the construction company’s stock worth $4,450,000 after purchasing an additional 12,219 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Chicago Bridge & Iron Company N.V. by 9.7% in the first quarter. PNC Financial Services Group Inc. now owns 45,527 shares of the construction company’s stock worth $1,400,000 after purchasing an additional 4,011 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Chicago Bridge & Iron Company N.V. by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 23,291 shares of the construction company’s stock worth $716,000 after purchasing an additional 277 shares in the last quarter. 67.69% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Vanguard Group Inc. Lowers Position in Chicago Bridge & Iron Company N.V. (CBI)” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at https://www.watchlistnews.com/vanguard-group-inc-lowers-position-in-chicago-bridge-iron-company-n-v-cbi/1642745.html.

A number of equities analysts have commented on the stock. Vertical Research reiterated a “buy” rating and issued a $45.00 target price on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, June 30th. Macquarie boosted their target price on shares of Chicago Bridge & Iron Company N.V. from $10.00 to $14.00 and gave the stock a “sell” rating in a report on Wednesday, June 28th. Deutsche Bank AG reiterated a “buy” rating on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday, June 28th. Robert W. Baird boosted their target price on shares of Chicago Bridge & Iron Company N.V. from $15.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, June 28th. Finally, Wells Fargo & Co upgraded 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 report on Wednesday, June 28th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $20.19.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) opened at 16.19 on Friday. The firm’s market cap is $1.64 billion. Chicago Bridge & Iron Company N.V. has a 12-month low of $9.55 and a 12-month high of $36.56. The stock’s 50 day moving average is $15.55 and its 200 day moving average is $18.95.

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

In other Chicago Bridge & Iron Company N.V. news, insider Daniel M. Mccarthy sold 7,500 shares of Chicago Bridge & Iron Company N.V. stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $16.04, for a total transaction of $120,300.00. Following the transaction, the insider now owns 112,464 shares of the company’s stock, valued at $1,803,922.56. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.

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.

Want to see what other hedge funds are holding CBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chicago Bridge & Iron Company N.V. (NYSE:CBI).

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

Receive News & Ratings for Chicago Bridge & Iron Company N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chicago Bridge & Iron Company N.V. and related companies with Analyst Ratings Network's FREE daily email newsletter.