SFE Investment Counsel trimmed its position in shares of Chicago Bridge & Iron (NYSE:CBI) by 83.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,125 shares of the construction company’s stock after selling 125,055 shares during the quarter. SFE Investment Counsel’s holdings in Chicago Bridge & Iron were worth $406,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CBI. Ameritas Investment Partners Inc. raised its position in shares of Chicago Bridge & Iron by 1,648.8% during the second quarter. Ameritas Investment Partners Inc. now owns 8,849 shares of the construction company’s stock worth $175,000 after purchasing an additional 8,343 shares during the period. Stratos Wealth Partners LTD. acquired a new position in shares of Chicago Bridge & Iron during the third quarter worth approximately $176,000. Cubist Systematic Strategies LLC acquired a new position in shares of Chicago Bridge & Iron during the second quarter worth approximately $177,000. Wedbush Securities Inc. bought a new stake in Chicago Bridge & Iron during the third quarter worth $196,000. Finally, Traynor Capital Management Inc. bought a new stake in Chicago Bridge & Iron during the third quarter worth $222,000. 69.73% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Chicago Bridge & Iron from a “hold” rating to a “sell” rating in a report on Thursday, February 1st. Robert W. Baird upped their price target on Chicago Bridge & Iron from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Jefferies Group set a $15.00 price target on Chicago Bridge & Iron and gave the stock a “hold” rating in a report on Tuesday, October 31st. MKM Partners downgraded Chicago Bridge & Iron from a “buy” rating to a “neutral” rating in a report on Wednesday, January 3rd. Finally, Deutsche Bank downgraded Chicago Bridge & Iron from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $19.07.

Chicago Bridge & Iron (NYSE:CBI) opened at $18.07 on Friday. The firm has a market capitalization of $1,830.00, a PE ratio of -5.22, a P/E/G ratio of 1.09 and a beta of 2.40. Chicago Bridge & Iron has a 1-year low of $9.55 and a 1-year high of $36.15.

In related news, EVP Daniel M. Mccarthy sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $16.07, for a total transaction of $120,525.00. Following the transaction, the executive vice president now directly owns 89,964 shares of the company’s stock, valued at approximately $1,445,721.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

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About Chicago Bridge & Iron

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 (NYSE:CBI)

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