Chicago Bridge & Iron Company N.V. (NYSE:CBI) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 29,162,612 shares, an increase of 13.2% from the August 31st total of 25,765,116 shares. Currently, 29.3% of the company’s shares are sold short. Based on an average daily trading volume, of 3,461,437 shares, the short-interest ratio is currently 8.4 days.

Chicago Bridge & Iron Company N.V. (CBI) opened at 16.22 on Thursday. The company’s 50 day moving average is $13.94 and its 200 day moving average is $19.94. Chicago Bridge & Iron Company N.V. has a 1-year low of $9.55 and a 1-year high of $36.56. The company’s market cap is $1.64 billion.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last issued 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). 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 had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The firm’s revenue was down 40.6% compared to the same quarter last year. Equities research analysts forecast that Chicago Bridge & Iron Company N.V. will post ($1.83) EPS for the current year.

Several research firms have recently commented on CBI. 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. Macquarie boosted their price target on shares of Chicago Bridge & Iron Company N.V. from $10.00 to $14.00 and gave the company a “sell” rating in a report on Wednesday, June 28th. Deutsche Bank AG restated a “buy” rating on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday, June 28th. Robert W. Baird boosted their price target on shares of Chicago Bridge & Iron Company N.V. from $15.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, June 28th. 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 for the company in a report on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Chicago Bridge & Iron Company N.V. presently has a consensus rating of “Hold” and a consensus target price of $20.19.

In other Chicago Bridge & Iron Company N.V. news, insider Daniel M. Mccarthy sold 7,500 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $16.04, for a total value of $120,300.00. Following the completion of the sale, the insider now directly owns 112,464 shares of the company’s stock, valued at approximately $1,803,922.56. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of CBI. Vanguard Group Inc. raised its holdings in Chicago Bridge & Iron Company N.V. by 3.8% during the first quarter. Vanguard Group Inc. now owns 8,368,949 shares of the construction company’s stock worth $257,345,000 after purchasing an additional 308,397 shares in the last quarter. BlackRock Inc. raised its holdings in Chicago Bridge & Iron Company N.V. by 51.9% during the second quarter. BlackRock Inc. now owns 6,340,731 shares of the construction company’s stock worth $125,104,000 after purchasing an additional 2,165,509 shares in the last quarter. FMR LLC raised its holdings in Chicago Bridge & Iron Company N.V. by 832.8% during the first 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 in the last quarter. State Street Corp raised its holdings in Chicago Bridge & Iron Company N.V. by 181.4% during the second 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 in the last quarter. Finally, Fairpointe Capital LLC raised its holdings in Chicago Bridge & Iron Company N.V. by 41.9% during the second 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 in the last quarter. Institutional investors own 67.90% 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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