American Century Companies Inc. Sells 24,672 Shares of Chicago Bridge & Iron Company N.V. (CBI)

American Century Companies Inc. cut its position in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 13.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,384 shares of the construction company’s stock after selling 24,672 shares during the quarter. American Century Companies Inc. owned approximately 0.15% of Chicago Bridge & Iron Company N.V. worth $3,026,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Point View Wealth Management Inc. grew its holdings in shares of Chicago Bridge & Iron Company N.V. by 35.4% during the second quarter. Point View Wealth Management Inc. now owns 38,271 shares of the construction company’s stock worth $755,000 after buying an additional 10,005 shares in the last quarter. Twin Capital Management Inc. grew its holdings in shares of Chicago Bridge & Iron Company N.V. by 10.6% during the second quarter. Twin Capital Management Inc. now owns 87,650 shares of the construction company’s stock worth $1,729,000 after buying an additional 8,400 shares in the last quarter. Symons Capital Management Inc. purchased a new stake in shares of Chicago Bridge & Iron Company N.V. during the second quarter worth about $647,000. Federated Investors Inc. PA grew its holdings in shares of Chicago Bridge & Iron Company N.V. by 18.0% during the second quarter. Federated Investors Inc. PA now owns 43,218 shares of the construction company’s stock worth $853,000 after buying an additional 6,583 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Chicago Bridge & Iron Company N.V. during the second quarter worth about $9,203,000. Institutional investors and hedge funds own 67.82% of the company’s stock.

Shares of Chicago Bridge & Iron Company N.V. (CBI) opened at 14.57 on Wednesday. The firm’s 50-day moving average is $14.01 and its 200 day moving average is $21.76. 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 $1.47 billion.

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

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A number of brokerages have recently commented on CBI. Credit Suisse Group reiterated a “hold” rating and set a $13.00 price target on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday. ValuEngine cut shares of Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Bank of America Corporation set a $10.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “sell” rating in a research report on Wednesday, August 30th. BidaskClub raised shares of Chicago Bridge & Iron Company N.V. from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Deutsche Bank AG set a $13.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Chicago Bridge & Iron Company N.V. has an average rating of “Hold” and an average target price of $24.10.

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.

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

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