Chicago Bridge & Iron Co. (NYSE:CBI) was down 2% during trading on Friday . The stock traded as low as $33.35 and last traded at $33.73, with a volume of 1,678,618 shares. The stock had previously closed at $34.41.

Several equities research analysts recently commented on CBI shares. Deutsche Bank AG reaffirmed a “buy” rating and set a $45.00 target price (up previously from $41.00) on shares of Chicago Bridge & Iron Co. in a research note on Wednesday, April 6th. Zacks Investment Research cut Chicago Bridge & Iron Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 12th. Robert W. Baird reaffirmed a “buy” rating on shares of Chicago Bridge & Iron Co. in a research note on Monday, April 18th. JPMorgan Chase & Co. decreased their target price on Chicago Bridge & Iron Co. from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, April 21st. Finally, Johnson Rice raised Chicago Bridge & Iron Co. from an “accumulate” rating to a “buy” rating and raised their target price for the stock from $55.00 to $60.00 in a research note on Monday, May 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chicago Bridge & Iron Co. has an average rating of “Buy” and an average target price of $45.89.

The company has a 50 day moving average price of $36.09 and a 200 day moving average price of $36.32. The firm’s market cap is $3.49 billion.

Chicago Bridge & Iron Co. (NYSE:CBI) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by $0.04. During the same quarter in the previous year, the company posted $1.55 EPS. The company earned $2.70 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chicago Bridge & Iron Co.’s revenue for the quarter was down 15.9% compared to the same quarter last year. Equities research analysts anticipate that Chicago Bridge & Iron Co. will post $4.77 EPS for the current fiscal year.

In other Chicago Bridge & Iron Co. news, EVP Patrick K. Mullen sold 11,985 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 105,222 shares in the company, valued at approximately $3,856,386.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Westley S. Stockton sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $39.31, for a total value of $117,930.00. Following the transaction, the chief accounting officer now owns 19,728 shares in the company, valued at approximately $775,507.68. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Chicago Bridge & Iron Co. by 17.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,366,674 shares of the company’s stock worth $92,283,000 after buying an additional 352,557 shares during the period. BNP Paribas Arbitrage SA increased its position in Chicago Bridge & Iron Co. by 61.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 86,758 shares of the company’s stock worth $3,383,000 after buying an additional 32,954 shares during the period. Sandhill Capital Partners LLC increased its position in Chicago Bridge & Iron Co. by 1.5% in the fourth quarter. Sandhill Capital Partners LLC now owns 335,987 shares of the company’s stock worth $13,100,000 after buying an additional 4,957 shares during the period. Andra AP fonden increased its position in 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. Finally, Wells Fargo & Company MN increased its position in Chicago Bridge & Iron Co. by 22.4% in the fourth quarter. Wells Fargo & Company MN now owns 884,209 shares of the company’s stock worth $34,476,000 after buying an additional 161,685 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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