Chicago Bridge & Iron Company N.V. (NYSE:CBI) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 896 call options on the company. This is an increase of 197% compared to the typical volume of 302 call options.

A number of equities analysts have commented on the stock. 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. Robert W. Baird reissued a “neutral” rating and issued a $23.00 target price (down previously from $31.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, May 17th. BidaskClub raised shares of Chicago Bridge & Iron Company N.V. from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Citigroup Inc. reissued a “neutral” rating and issued a $20.00 target price (down previously from $23.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Tuesday, July 18th. Finally, Wells Fargo & Company raised 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 research report on Wednesday, June 28th. Five analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Chicago Bridge & Iron Company N.V. has a consensus rating of “Hold” and an average target price of $24.10.

Chicago Bridge & Iron Company N.V. (CBI) opened at 14.14 on Monday. Chicago Bridge & Iron Company N.V. has a 1-year low of $9.55 and a 1-year high of $36.56. The firm’s market cap is $1.43 billion. The company has a 50-day moving average price of $14.11 and a 200-day moving average price of $22.09.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last issued its 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 return on equity of 3.92% and a negative net margin of 10.54%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter in the prior year, the business earned $1.17 EPS. The firm’s revenue for the quarter was down 40.6% compared to the same quarter last year. On average, equities research analysts forecast that Chicago Bridge & Iron Company N.V. will post ($1.83) EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of CBI. FMR LLC boosted its stake in Chicago Bridge & Iron Company N.V. by 832.8% in the 1st quarter. FMR LLC now owns 5,253,638 shares of the construction company’s stock worth $161,550,000 after purchasing an additional 4,690,447 shares during the period. BlackRock Inc. boosted its stake in Chicago Bridge & Iron Company N.V. by 3,280.3% in the 1st quarter. BlackRock Inc. now owns 4,175,222 shares of the construction company’s stock worth $128,389,000 after purchasing an additional 4,051,706 shares during the period. State Street Corp boosted its stake in Chicago Bridge & Iron Company N.V. by 181.4% in the 2nd quarter. State Street Corp now owns 4,059,198 shares of the construction company’s stock worth $80,086,000 after purchasing an additional 2,616,783 shares during the period. Beck Mack & Oliver LLC boosted its stake in Chicago Bridge & Iron Company N.V. by 364.0% in the 2nd quarter. Beck Mack & Oliver LLC now owns 2,617,131 shares of the construction company’s stock worth $51,636,000 after purchasing an additional 2,053,099 shares during the period. Finally, Fairpointe Capital LLC boosted its stake in Chicago Bridge & Iron Company N.V. by 41.9% in the 2nd quarter. Fairpointe Capital LLC now owns 4,048,371 shares of the construction company’s stock worth $79,875,000 after purchasing an additional 1,196,110 shares during the period. Institutional investors and hedge funds own 63.81% of the company’s stock.

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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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