Shares of Chicago Bridge & Iron Co. (NYSE:CBI) saw unusually-strong trading volume on Monday . Approximately 1,464,743 shares changed hands during trading, a decline of 1% from the previous session’s volume of 1,476,555 shares.The stock last traded at $35.35 and had previously closed at $35.96.

A number of equities analysts have recently issued reports on CBI shares. Robert W. Baird downgraded Chicago Bridge & Iron Co. from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $45.00 to $40.00 in a research report on Friday. Johnson Rice raised Chicago Bridge & Iron Co. from an “accumulate” rating to a “buy” rating and increased their price target for the stock from $55.00 to $60.00 in a research report on Monday, May 16th. Goldman Sachs Group Inc. increased their price target on Chicago Bridge & Iron Co. from $35.00 to $40.00 in a research report on Monday, March 28th. Deutsche Bank AG reissued a “buy” rating and set a $45.00 price target (up previously from $41.00) on shares of Chicago Bridge & Iron Co. in a research report on Wednesday, April 6th. Finally, JPMorgan Chase & Co. dropped their price target on Chicago Bridge & Iron Co. from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, April 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $46.18.

The stock’s market capitalization is $3.72 billion. The stock has a 50-day moving average of $36.51 and a 200 day moving average of $36.36.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Monday, June 20th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Thursday, June 16th.

In other Chicago Bridge & Iron Co. news, EVP Patrick K. Mullen sold 11,985 shares of the stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $36.65, for a total transaction of $439,250.25. Following the sale, the executive vice president now owns 105,222 shares in the company, valued at approximately $3,856,386.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Westley S. Stockton sold 1,561 shares of the stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $38.70, for a total value of $60,410.70. Following the sale, the chief accounting officer now owns 18,167 shares in the company, valued at approximately $703,062.90. The disclosure for this sale can be found here.

Other large investors recently made changes to their positions in the company. Gulf International Bank UK Ltd boosted its stake in shares of Chicago Bridge & Iron Co. by 8.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 30,920 shares of the company’s stock worth $1,206,000 after buying an additional 2,300 shares during the period. Twin Capital Management Inc. boosted its stake in shares of Chicago Bridge & Iron Co. by 102.4% in the fourth quarter. Twin Capital Management Inc. now owns 38,580 shares of the company’s stock worth $1,504,000 after buying an additional 19,520 shares during the period. Andra AP fonden boosted its stake in shares of Chicago Bridge & Iron Co. by 155.5% in the fourth quarter. Andra AP fonden now owns 60,300 shares of the company’s stock worth $2,351,000 after buying an additional 36,700 shares during the period. Rhumbline Advisers boosted its stake in shares of Chicago Bridge & Iron Co. by 1.1% in the fourth quarter. Rhumbline Advisers now owns 62,934 shares of the company’s stock worth $2,454,000 after buying an additional 682 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Chicago Bridge & Iron Co. by 47.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 64,617 shares of the company’s stock worth $2,519,000 after buying an additional 20,708 shares during the period.

Chicago Bridge & Iron Company N.V. (CB&I) provides a range of services to customers in the energy infrastructure market across the world. The Company provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

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