Parametrica Management Ltd bought a new position in Chicago Bridge & Iron Company N.V. (NYSE:CBI) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 17,309 shares of the construction company’s stock, valued at approximately $342,000.

Several other large investors also recently added to or reduced their stakes in CBI. Clearbridge Investments LLC boosted 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. Brick & Kyle Associates boosted its stake 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. Northwestern Mutual Wealth Management Co. boosted 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. Prospera Financial Services Inc bought a new stake in Chicago Bridge & Iron Company N.V. during the second quarter worth approximately $184,000. Finally, Sawtooth Solutions LLC bought a new stake in Chicago Bridge & Iron Company N.V. during the first quarter worth approximately $203,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 16.97 on Monday. The company’s market cap is $1.71 billion. The stock has a 50 day moving average price of $17.37 and a 200 day moving average price of $25.88. Chicago Bridge & Iron Company N.V. has a 1-year low of $12.91 and a 1-year high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its quarterly earnings results on Monday, May 8th. The construction company reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by $0.71. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Chicago Bridge & Iron Company N.V. had a negative net margin of 3.81% and a positive return on equity of 17.98%. The firm’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 EPS. On average, equities research analysts anticipate that Chicago Bridge & Iron Company N.V. will post $2.85 EPS for the current fiscal year.

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Several equities research analysts recently commented on CBI shares. UBS AG reaffirmed a “buy” rating and set a $21.00 price objective (down from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, May 24th. Deutsche Bank AG increased their price objective on Chicago Bridge & Iron Company N.V. from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, May 22nd. MKM Partners reaffirmed a “buy” rating and set a $34.00 price objective (down from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, May 19th. Credit Suisse Group set a $34.00 price objective on Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a research report on Wednesday, May 10th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $35.00 price objective on shares of Chicago Bridge & Iron Company N.V. in a research report on Tuesday, May 9th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $29.05.

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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