California State Teachers Retirement System cut its stake in Chicago Bridge & Iron (NYSE:CBI) by 5.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,408 shares of the construction company’s stock after selling 9,203 shares during the period. California State Teachers Retirement System’s holdings in Chicago Bridge & Iron were worth $2,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of CBI. Schwab Charles Investment Management Inc. grew its position in shares of Chicago Bridge & Iron by 29.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 570,839 shares of the construction company’s stock valued at $11,263,000 after purchasing an additional 128,530 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Chicago Bridge & Iron by 39.7% in the second quarter. Bank of New York Mellon Corp now owns 481,964 shares of the construction company’s stock valued at $9,509,000 after purchasing an additional 137,077 shares in the last quarter. Federated Investors Inc. PA grew its position in shares of Chicago Bridge & Iron by 18.0% in the second quarter. Federated Investors Inc. PA now owns 43,218 shares of the construction company’s stock valued at $853,000 after purchasing an additional 6,583 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Chicago Bridge & Iron by 10.9% in the second quarter. Prudential Financial Inc. now owns 297,868 shares of the construction company’s stock valued at $5,877,000 after purchasing an additional 29,322 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Chicago Bridge & Iron by 2.5% in the second quarter. Swiss National Bank now owns 169,019 shares of the construction company’s stock valued at $3,335,000 after purchasing an additional 4,200 shares in the last quarter. Institutional investors and hedge funds own 70.68% of the company’s stock.

Chicago Bridge & Iron (CBI) opened at $18.69 on Friday. Chicago Bridge & Iron has a 52 week low of $9.55 and a 52 week high of $36.15. The company has a market capitalization of $1,900.00, a price-to-earnings ratio of -1.94, a price-to-earnings-growth ratio of 1.05 and a beta of 2.22.

Chicago Bridge & Iron (NYSE:CBI) last released its quarterly earnings results on Monday, October 30th. The construction company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). Chicago Bridge & Iron had a negative return on equity of 10.86% and a negative net margin of 13.33%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company earned $1.20 earnings per share. The firm’s revenue for the quarter was down 18.7% on a year-over-year basis. research analysts forecast that Chicago Bridge & Iron will post -1.98 EPS for the current fiscal year.

In other Chicago Bridge & Iron news, EVP Daniel M. Mccarthy sold 7,500 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $16.07, for a total transaction of $120,525.00. Following the transaction, the executive vice president now directly owns 89,964 shares in the company, valued at $1,445,721.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 22,500 shares of company stock worth $357,750 over the last 90 days. 1.10% of the stock is owned by insiders.

A number of research firms have recently issued reports on CBI. Robert W. Baird upped their price target on Chicago Bridge & Iron from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Jefferies Group set a $15.00 price target on Chicago Bridge & Iron and gave the company a “hold” rating in a research report on Tuesday, October 31st. MKM Partners lowered Chicago Bridge & Iron from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 3rd. Zacks Investment Research lowered Chicago Bridge & Iron from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 4th. Finally, Deutsche Bank lowered Chicago Bridge & Iron from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $19.43.

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Chicago Bridge & Iron 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 (NYSE:CBI)

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