Cetera Investment Advisers acquired a new position in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,493 shares of the construction company’s stock, valued at approximately $761,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CBI. Karp Capital Management Corp acquired a new position in Chicago Bridge & Iron Company N.V. during the first quarter worth $411,000. Neuberger Berman Group LLC lifted its stake in shares of Chicago Bridge & Iron Company N.V. by 1.3% in the 1st quarter. Neuberger Berman Group LLC now owns 40,684 shares of the construction company’s stock valued at $1,251,000 after purchasing an additional 530 shares during the last quarter. FMR LLC lifted its stake in shares of 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 valued at $161,550,000 after purchasing an additional 4,690,447 shares during the last quarter. Teachers Advisors LLC lifted its stake in shares of Chicago Bridge & Iron Company N.V. by 9.2% in the 1st quarter. Teachers Advisors LLC now owns 144,719 shares of the construction company’s stock valued at $4,450,000 after purchasing an additional 12,219 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Chicago Bridge & Iron Company N.V. by 9.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 45,527 shares of the construction company’s stock valued at $1,400,000 after purchasing an additional 4,011 shares during the last quarter. 67.69% of the stock is currently owned by institutional investors.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) traded up 0.37% during trading on Tuesday, reaching $16.26. The company had a trading volume of 278,020 shares. Chicago Bridge & Iron Company N.V. has a 12 month low of $9.55 and a 12 month high of $36.56. The firm’s 50 day moving average is $15.20 and its 200-day moving average is $19.20. The company’s market capitalization is $1.65 billion.

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

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Several equities analysts have recently commented on the company. Vertical Research reaffirmed a “buy” rating and issued a $45.00 price target on shares of Chicago Bridge & Iron Company N.V. in a research note on Friday, June 30th. Macquarie upped their price target on Chicago Bridge & Iron Company N.V. from $10.00 to $14.00 and gave the company a “sell” rating in a research note on Wednesday, June 28th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, June 28th. Robert W. Baird upped their price target on Chicago Bridge & Iron Company N.V. from $15.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, June 28th. Finally, Wells Fargo & Company raised 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 research note on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Chicago Bridge & Iron Company N.V. presently has an average rating of “Hold” and an average target price of $20.19.

In related news, insider Daniel M. Mccarthy sold 7,500 shares of Chicago Bridge & Iron Company N.V. stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $16.04, for a total value of $120,300.00. Following the transaction, the insider now owns 112,464 shares in the company, valued at $1,803,922.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Chicago Bridge & Iron Company N.V. 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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