Federated Investors Inc. PA boosted its holdings in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 18.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,218 shares of the construction company’s stock after acquiring an additional 6,583 shares during the period. Federated Investors Inc. PA’s holdings in Chicago Bridge & Iron Company N.V. were worth $853,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hanson & Doremus Investment Management raised its position in Chicago Bridge & Iron Company N.V. by 14.8% during the second quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock worth $100,000 after acquiring an additional 650 shares during the last quarter. Clearbridge Investments LLC raised its position in Chicago Bridge & Iron Company N.V. by 8.5% during the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock worth $117,000 after acquiring an additional 300 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in Chicago Bridge & Iron Company N.V. by 907.6% during the second quarter. Chicago Partners Investment Group LLC now owns 6,600 shares of the construction company’s stock worth $130,000 after acquiring an additional 5,945 shares during the last quarter. Prospera Financial Services Inc acquired a new position in Chicago Bridge & Iron Company N.V. during the second quarter worth about $184,000. Finally, M Holdings Securities Inc. raised its position in Chicago Bridge & Iron Company N.V. by 5.5% during the first quarter. M Holdings Securities Inc. now owns 6,765 shares of the construction company’s stock worth $208,000 after acquiring an additional 350 shares during the last quarter. Institutional investors own 67.90% of the company’s stock.

Shares of Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 15.05 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 stock’s market capitalization is $1.52 billion. The firm’s 50-day moving average is $13.66 and its 200 day moving average is $21.39.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its quarterly 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 during the quarter, compared to analysts’ expectations 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%. Chicago Bridge & Iron Company N.V.’s revenue for the quarter was down 40.6% compared to the same quarter last year. During the same period last year, the company earned $1.17 earnings per share. On average, analysts expect that Chicago Bridge & Iron Company N.V. will post ($1.83) EPS for the current fiscal year.

A number of brokerages have issued reports on CBI. 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 report on Friday, June 30th. Deutsche Bank AG lifted their target price on shares of Chicago Bridge & Iron Company N.V. from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. UBS AG restated a “buy” rating and set a $21.00 target price (down previously from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, May 24th. Macquarie lifted 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 research report on Wednesday, June 28th. Finally, Robert W. Baird lifted 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 research report on Wednesday, June 28th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.63.

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

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