Chicago Bridge & Iron Company N.V. (NYSE:CBI) was the recipient of a large decline in short interest in September. As of September 29th, there was short interest totalling 25,380,905 shares, a decline of 13.0% from the September 15th total of 29,162,612 shares. Based on an average trading volume of 3,132,884 shares, the short-interest ratio is presently 8.1 days. Currently, 25.5% of the company’s stock are short sold.

Chicago Bridge & Iron Company N.V. (CBI) opened at 16.19 on Friday. The company’s 50-day moving average price is $15.55 and its 200 day moving average price is $18.95. The firm’s market capitalization is $1.64 billion. Chicago Bridge & Iron Company N.V. has a 12 month low of $9.55 and a 12 month high of $36.56.

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 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 business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. The firm’s quarterly revenue was down 40.6% on a year-over-year basis. Analysts predict that Chicago Bridge & Iron Company N.V. will post ($1.83) EPS for the current year.

Several research firms have recently commented on CBI. BidaskClub raised Chicago Bridge & Iron Company N.V. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Credit Suisse Group set a $21.00 price target on Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research report on Tuesday, July 4th. Robert W. Baird set a $10.00 price target on Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a research report on Thursday, August 10th. Macquarie boosted their price target on 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, Deutsche Bank AG set a $21.00 price target on Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research report on Thursday, August 10th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $20.19.

In other news, insider Daniel M. Mccarthy sold 7,500 shares of the business’s 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 completion of the transaction, 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 at this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. KBC Group NV acquired a new stake in Chicago Bridge & Iron Company N.V. in the second quarter valued at $1,453,000. Schwab Charles Investment Management Inc. increased its position in shares of Chicago Bridge & Iron Company N.V. by 8.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 442,309 shares of the construction company’s stock worth $13,602,000 after purchasing an additional 35,279 shares in the last quarter. Harbour Capital Advisors LLC increased its position in shares of Chicago Bridge & Iron Company N.V. by 1,873.0% during the second quarter. Harbour Capital Advisors LLC now owns 49,325 shares of the construction company’s stock worth $2,500,000 after purchasing an additional 46,825 shares in the last quarter. Century Capital Management LLC increased its position in shares of Chicago Bridge & Iron Company N.V. by 60.2% during the second quarter. Century Capital Management LLC now owns 113,077 shares of the construction company’s stock worth $2,231,000 after purchasing an additional 42,500 shares in the last quarter. Finally, Evanston Investments Inc. dba Evanston Advisors increased its position in shares of Chicago Bridge & Iron Company N.V. by 26.8% during the second quarter. Evanston Investments Inc. dba Evanston Advisors now owns 306,405 shares of the construction company’s stock worth $6,045,000 after purchasing an additional 64,672 shares in the last quarter. Institutional investors own 67.69% of the company’s stock.

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About Chicago Bridge & Iron Company N.V.

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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