Commerzbank Aktiengesellschaft FI decreased its stake in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 16.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 26,569 shares of the company’s stock after selling 5,125 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Chicago Bridge & Iron Company N.V. were worth $844,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Peregrine Capital Management LLC acquired a new position in shares of Chicago Bridge & Iron Company N.V. during the third quarter worth approximately $13,767,000. Morgan Stanley increased its position in shares of Chicago Bridge & Iron Company N.V. by 31.9% in the third quarter. Morgan Stanley now owns 1,553,102 shares of the company’s stock worth $43,535,000 after buying an additional 375,774 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Chicago Bridge & Iron Company N.V. by 12.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,708,163 shares of the company’s stock worth $75,910,000 after buying an additional 292,225 shares during the period. Formula Growth Ltd. acquired a new position in shares of Chicago Bridge & Iron Company N.V. during the third quarter worth approximately $6,727,000. Finally, Two Sigma Advisers LP increased its position in shares of Chicago Bridge & Iron Company N.V. by 229.9% in the third quarter. Two Sigma Advisers LP now owns 322,024 shares of the company’s stock worth $9,026,000 after buying an additional 224,419 shares during the period. 67.93% of the stock is owned by hedge funds and other institutional investors.

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

Chicago Bridge & Iron Company N.V. (NYSE:CBI) opened at 35.77 on Friday. The firm has a market capitalization of $3.58 billion, a P/E ratio of 13.05 and a beta of 2.08. The stock’s 50 day moving average price is $33.14 and its 200-day moving average price is $31.49. Chicago Bridge & Iron Company N.V. has a 12 month low of $26.12 and a 12 month high of $41.33.

The business also recently disclosed a special dividend, which will be paid on Friday, March 31st. Investors of record on Monday, March 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, March 16th. Chicago Bridge & Iron Company N.V.’s payout ratio is currently 10.18%.

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CBI has been the subject of a number of recent research reports. Vetr downgraded shares of Chicago Bridge & Iron Company N.V. from a “strong-buy” rating to a “buy” rating and set a $39.78 price objective for the company. in a research note on Monday, December 12th. Zacks Investment Research raised shares of Chicago Bridge & Iron Company N.V. from a “sell” rating to a “hold” rating in a research note on Monday, October 31st. Credit Suisse Group reissued a “buy” rating on shares of Chicago Bridge & Iron Company N.V. in a research note on Sunday, February 5th. MKM Partners set a $43.00 price objective on shares of Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research note on Tuesday, November 22nd. Finally, Argus initiated coverage on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, December 7th. They issued a “buy” rating and a $43.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $38.14.

In related news, insider Beth A. Bailey sold 5,000 shares of the stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $36.03, for a total transaction of $180,150.00. Following the completion of the transaction, the insider now owns 137,840 shares of the company’s stock, valued at approximately $4,966,375.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

Chicago Bridge & Iron Company N.V. Company Profile

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.

5 Day Chart for NYSE:CBI

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