Cambridge Investment Research Advisors Inc. decreased its holdings in Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 6.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 21,812 shares of the construction company’s stock after selling 1,463 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Chicago Bridge & Iron Company N.V. were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBI. FMR LLC raised its holdings in Chicago Bridge & Iron Company N.V. by 832.8% in the first quarter. FMR LLC now owns 5,253,638 shares of the construction company’s stock valued at $161,550,000 after buying an additional 4,690,447 shares during the period. BlackRock Inc. raised its holdings in Chicago Bridge & Iron Company N.V. by 3,280.3% in the first quarter. BlackRock Inc. now owns 4,175,222 shares of the construction company’s stock valued at $128,389,000 after buying an additional 4,051,706 shares during the period. Beck Mack & Oliver LLC raised its holdings in Chicago Bridge & Iron Company N.V. by 364.0% in the second quarter. Beck Mack & Oliver LLC now owns 2,617,131 shares of the construction company’s stock valued at $51,636,000 after buying an additional 2,053,099 shares during the period. Dimensional Fund Advisors LP raised its holdings in Chicago Bridge & Iron Company N.V. by 80.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,767,093 shares of the construction company’s stock valued at $54,337,000 after buying an additional 787,219 shares during the period. Finally, Fairpointe Capital LLC raised its holdings in Chicago Bridge & Iron Company N.V. by 34.8% in the first quarter. Fairpointe Capital LLC now owns 2,852,261 shares of the construction company’s stock valued at $87,707,000 after buying an additional 736,649 shares during the period. Hedge funds and other institutional investors own 67.82% of the company’s stock.

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Shares of Chicago Bridge & Iron Company N.V. (CBI) opened at 14.93 on Thursday. The company has a 50 day moving average of $13.94 and a 200-day moving average of $21.62. Chicago Bridge & Iron Company N.V. has a 52 week low of $9.55 and a 52 week high of $36.56. The company’s market cap is $1.51 billion.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its earnings results on Wednesday, August 9th. The construction company reported ($2.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($3.81). The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $2.49 billion. Chicago Bridge & Iron Company N.V. had a negative return on equity of 3.92% and a negative net margin of 10.54%. The firm’s revenue for the quarter was down 40.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 EPS. On average, equities research analysts expect that Chicago Bridge & Iron Company N.V. will post ($1.83) earnings per share for the current fiscal year.

Several research analysts recently commented on the stock. Vertical Research restated a “buy” rating and issued a $45.00 price target on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, June 30th. Deutsche Bank AG raised their price target on shares of Chicago Bridge & Iron Company N.V. from $35.00 to $38.00 and gave the company a “buy” rating in a report on Monday, May 22nd. Robert W. Baird restated a “neutral” rating and issued a $23.00 price target (down previously from $31.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday, May 17th. UBS AG restated a “buy” rating and issued a $21.00 price target (down previously from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday, May 24th. Finally, Wells Fargo & Company upgraded shares of Chicago Bridge & Iron Company N.V. from a “market perform” rating to an “outperform” rating and set a $28.00 price target on the stock in a report on Wednesday, June 28th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $24.10.

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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