Courier Capital LLC lessened its stake in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 35.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,872 shares of the construction company’s stock after selling 5,935 shares during the period. Courier Capital LLC’s holdings in Chicago Bridge & Iron Company N.V. were worth $215,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CBI. Bank of Montreal Can raised its holdings in Chicago Bridge & Iron Company N.V. by 72.4% during the 1st quarter. Bank of Montreal Can now owns 46,087 shares of the construction company’s stock valued at $1,418,000 after buying an additional 19,361 shares during the period. Wells Fargo & Company MN raised its holdings in Chicago Bridge & Iron Company N.V. by 22.8% during the 1st quarter. Wells Fargo & Company MN now owns 896,695 shares of the construction company’s stock valued at $27,573,000 after buying an additional 166,628 shares during the period. American Century Companies Inc. raised its holdings in Chicago Bridge & Iron Company N.V. by 1.6% during the 1st quarter. American Century Companies Inc. now owns 178,056 shares of the construction company’s stock valued at $5,475,000 after buying an additional 2,865 shares during the period. Karp Capital Management Corp purchased a new stake in Chicago Bridge & Iron Company N.V. during the 1st quarter valued at $411,000. Finally, Parametric Portfolio Associates LLC raised its holdings in Chicago Bridge & Iron Company N.V. by 3.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 269,372 shares of the construction company’s stock valued at $8,283,000 after buying an additional 10,228 shares during the period. Institutional investors own 67.82% of the company’s stock.

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Several research firms recently weighed in on CBI. UBS AG restated a “buy” rating and set a $21.00 price target (down previously from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday, May 24th. Deutsche Bank AG set a $21.00 price target on Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a report on Thursday, August 10th. Credit Suisse Group restated a “neutral” rating and set a $13.00 price target on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, August 11th. BidaskClub lowered Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, Citigroup Inc. set a $18.00 price target on Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a report on Thursday, August 10th. Five analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.63.

Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) traded up 1.28% during trading on Friday, hitting $15.05. The stock had a trading volume of 2,718,272 shares. The company’s 50 day moving average price is $13.66 and its 200 day moving average price is $21.39. Chicago Bridge & Iron Company N.V. has a 12 month low of $9.55 and a 12 month high of $36.56. The stock’s market cap is $1.52 billion.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($3.81). 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 had revenue of $1.28 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the company earned $1.17 EPS. The business’s revenue for the quarter was down 40.6% on a year-over-year basis. Equities research analysts expect that Chicago Bridge & Iron Company N.V. will post ($1.83) earnings per share for the current fiscal year.

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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