Nationwide Fund Advisors Has $1.58 Million Position in Chicago Bridge & Iron Company N.V. (NYSE:CBI)

Nationwide Fund Advisors decreased its position in Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 67.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,985 shares of the construction company’s stock after selling 163,889 shares during the quarter. Nationwide Fund Advisors owned about 0.08% of Chicago Bridge & Iron Company N.V. worth $1,578,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted its stake in Chicago Bridge & Iron Company N.V. by 1.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 23,291 shares of the construction company’s stock worth $716,000 after purchasing an additional 277 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Chicago Bridge & Iron Company N.V. by 8.5% during the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock worth $117,000 after purchasing an additional 300 shares during the last quarter. Birmingham Capital Management Co. Inc. AL lifted its stake in Chicago Bridge & Iron Company N.V. by 0.7% during the second quarter. Birmingham Capital Management Co. Inc. AL now owns 40,775 shares of the construction company’s stock worth $804,000 after purchasing an additional 300 shares during the last quarter. M Holdings Securities Inc. lifted its stake in Chicago Bridge & Iron Company N.V. by 5.5% during the first quarter. M Holdings Securities Inc. now owns 6,765 shares of the construction company’s stock worth $208,000 after purchasing an additional 350 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Chicago Bridge & Iron Company N.V. by 6.3% during the first quarter. Nomura Asset Management Co. Ltd. now owns 6,867 shares of the construction company’s stock worth $211,000 after purchasing an additional 410 shares during the last quarter. Institutional investors and hedge funds own 68.38% of the company’s stock.

Several research analysts have recently issued reports on the stock. MKM Partners restated a “buy” rating and issued a $34.00 price objective on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, June 30th. Vertical Research restated a “buy” rating and issued a $45.00 price objective on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, June 30th. Credit Suisse Group set a $21.00 price target on Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a report on Tuesday, July 4th. DA Davidson reiterated a “buy” rating and set a $25.00 price target (down from $40.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Thursday, August 10th. Finally, Deutsche Bank AG set a $21.00 price target on Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a report on Thursday, August 10th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Chicago Bridge & Iron Company N.V. presently has a consensus rating of “Hold” and a consensus price target of $20.65.

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Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 16.08 on Friday. The company has a 50-day moving average of $15.85 and a 200 day moving average of $18.46. Chicago Bridge & Iron Company N.V. has a 12 month low of $9.55 and a 12 month high of $36.56. The company’s market cap is $1.63 billion.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last issued its quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the consensus estimate of $0.85 by ($3.81). The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $2.49 billion. Chicago Bridge & Iron Company N.V. had a negative return on equity of 3.92% and a negative net margin of 10.54%. Chicago Bridge & Iron Company N.V.’s revenue was down 40.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. On average, equities analysts forecast that Chicago Bridge & Iron Company N.V. will post ($1.83) earnings per share for the current fiscal year.

In related news, EVP Daniel M. Mccarthy sold 7,500 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $16.29, for a total value of $122,175.00. Following the completion of the sale, the executive vice president now owns 104,964 shares of the company’s stock, valued at approximately $1,709,863.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

Chicago Bridge & Iron Company N.V. 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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