Trent Capital Management Inc. NC purchased a new position in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) during the second quarter, Holdings Channel reports. The fund purchased 223,682 shares of the construction company’s stock, valued at approximately $4,413,000. Chicago Bridge & Iron Company N.V. comprises 6.6% of Trent Capital Management Inc. NC’s holdings, making the stock its 8th largest position.

Several other large investors have also recently bought and sold shares of the stock. FMR LLC boosted its stake in 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 worth $161,550,000 after buying an additional 4,690,447 shares during the last quarter. BlackRock Inc. boosted its stake in 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 worth $128,389,000 after buying an additional 4,051,706 shares during the last quarter. Beck Mack & Oliver LLC boosted its stake in 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 worth $51,636,000 after buying an additional 2,053,099 shares during the last quarter. First Trust Advisors LP boosted its stake in Chicago Bridge & Iron Company N.V. by 9,464.8% in the first quarter. First Trust Advisors LP now owns 942,798 shares of the construction company’s stock worth $28,991,000 after buying an additional 932,941 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Chicago Bridge & Iron Company N.V. by 80.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,767,093 shares of the construction company’s stock worth $54,337,000 after buying an additional 787,219 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Chicago Bridge & Iron Company N.V. (CBI) opened at 16.33 on Thursday. The firm has a 50-day moving average of $17.61 and a 200 day moving average of $25.31. Chicago Bridge & Iron Company N.V. has a 52-week low of $12.91 and a 52-week high of $36.56. The company’s market capitalization is $1.65 billion. Chicago Bridge & Iron Company N.V. also saw unusually large options trading activity on Wednesday. Stock traders acquired 896 call options on the stock. This is an increase of approximately 197% compared to the average volume of 302 call options.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its quarterly earnings data on Monday, May 8th. The construction company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.95 by $0.71. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Chicago Bridge & Iron Company N.V. had a negative net margin of 3.81% and a positive return on equity of 17.98%. The firm’s revenue was down 11.4% on a year-over-year basis. During the same period last year, the company earned $1.01 earnings per share. Equities analysts predict that Chicago Bridge & Iron Company N.V. will post $2.85 earnings per share for the current fiscal year.

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CBI has been the topic of a number of recent analyst reports. Deutsche Bank AG increased their price target on shares of 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. MKM Partners reiterated a “buy” rating and set a $34.00 price target (down previously from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, May 19th. Credit Suisse Group cut their price target on shares of Chicago Bridge & Iron Company N.V. from $34.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, June 19th. They noted that the move was a valuation call. Macquarie reiterated an “underperform” rating and set a $10.00 price target (down previously from $11.50) on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday, June 21st. Finally, Citigroup Inc. restated a “neutral” rating and issued a $20.00 target price (down previously from $23.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $28.74.

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.

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

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