CIBC World Markets Inc. Purchases 125,271 Shares of Chicago Bridge & Iron Company N.V. (CBI)

CIBC World Markets Inc. lifted its position in Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 122.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,593 shares of the construction company’s stock after acquiring an additional 125,271 shares during the quarter. CIBC World Markets Inc. owned 0.23% of Chicago Bridge & Iron Company N.V. worth $4,490,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Chicago Bridge & Iron Company N.V. by 3.8% in the first quarter. Vanguard Group Inc. now owns 8,368,949 shares of the construction company’s stock valued at $257,345,000 after acquiring an additional 308,397 shares in the last quarter. FMR LLC raised its holdings in shares of Chicago Bridge & Iron Company N.V. by 832.8% in the first quarter. FMR LLC now owns 5,253,638 shares of the construction company’s stock valued at $161,550,000 after acquiring an additional 4,690,447 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Chicago Bridge & Iron Company N.V. by 3,280.3% in the first quarter. BlackRock Inc. now owns 4,175,222 shares of the construction company’s stock valued at $128,389,000 after acquiring an additional 4,051,706 shares in the last quarter. Fairpointe Capital LLC raised its holdings in shares of Chicago Bridge & Iron Company N.V. by 34.8% in the first quarter. Fairpointe Capital LLC now owns 2,852,261 shares of the construction company’s stock valued at $87,707,000 after acquiring an additional 736,649 shares in the last quarter. Finally, Beck Mack & Oliver LLC raised its holdings in shares of Chicago Bridge & Iron Company N.V. by 364.0% in the second quarter. Beck Mack & Oliver LLC now owns 2,617,131 shares of the construction company’s stock valued at $51,636,000 after acquiring an additional 2,053,099 shares in the last quarter. Hedge funds and other institutional investors own 63.81% of the company’s stock.

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Several analysts recently weighed in on the company. BidaskClub upgraded Chicago Bridge & Iron Company N.V. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Credit Suisse Group set a $21.00 price objective on Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a report on Tuesday, July 4th. Deutsche Bank AG lifted their price objective on Chicago Bridge & Iron Company N.V. from $35.00 to $38.00 and gave the company a “buy” rating in a report on Monday, May 22nd. Robert W. Baird set a $10.00 price objective on Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $15.00 price objective (down from $33.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Monday, June 12th. Five 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 assigned a strong buy rating to the company’s stock. Chicago Bridge & Iron Company N.V. currently has an average rating of “Hold” and an average price target of $24.10.

Shares of Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 14.14 on Friday. The stock’s market cap is $1.43 billion. Chicago Bridge & Iron Company N.V. has a 12 month low of $9.55 and a 12 month high of $36.56. The company has a 50-day moving average price of $14.11 and a 200-day moving average price of $22.09.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the consensus estimate of $0.85 by $3.81. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates 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%. The company’s quarterly revenue was down 40.6% on a year-over-year basis. During the same period last year, the firm earned $1.17 EPS. On average, analysts expect that Chicago Bridge & Iron Company N.V. will post ($1.83) EPS for the current fiscal year.

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.

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

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