Chicago Bridge & Iron (CBI) Holdings Trimmed by United Capital Financial Advisers LLC

United Capital Financial Advisers LLC decreased its position in Chicago Bridge & Iron (NYSE:CBI) by 22.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 130,176 shares of the construction company’s stock after selling 38,400 shares during the period. United Capital Financial Advisers LLC’s holdings in Chicago Bridge & Iron were worth $1,875,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Farallon Capital Management LLC purchased a new position in Chicago Bridge & Iron in the first quarter valued at $9,504,000. Dumac Inc. purchased a new position in Chicago Bridge & Iron in the first quarter valued at $936,000. Yakira Capital Management Inc. purchased a new position in Chicago Bridge & Iron in the first quarter valued at $2,662,000. Mutual Advisors LLC purchased a new position in Chicago Bridge & Iron in the first quarter valued at $1,364,000. Finally, Alpine Associates Management Inc. increased its holdings in Chicago Bridge & Iron by 259.8% in the first quarter. Alpine Associates Management Inc. now owns 852,000 shares of the construction company’s stock valued at $12,269,000 after buying an additional 615,170 shares in the last quarter. 63.00% of the stock is owned by institutional investors.

A number of research analysts have weighed in on CBI shares. Robert W. Baird reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Chicago Bridge & Iron in a report on Monday, April 23rd. ValuEngine raised shares of Chicago Bridge & Iron from a “sell” rating to a “hold” rating in a report on Friday, April 27th. Finally, Citigroup cut their price objective on shares of Chicago Bridge & Iron from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, April 24th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. Chicago Bridge & Iron presently has a consensus rating of “Hold” and a consensus price target of $17.15.

Shares of Chicago Bridge & Iron opened at $16.39 on Friday, according to MarketBeat Ratings. Chicago Bridge & Iron has a 52-week low of $9.55 and a 52-week high of $25.49. The stock has a market capitalization of $1.65 billion, a PE ratio of -8.81, a P/E/G ratio of 1.06 and a beta of 2.46.

Chicago Bridge & Iron (NYSE:CBI) last announced its earnings results on Monday, April 23rd. The construction company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.23. Chicago Bridge & Iron had a negative net margin of 22.27% and a negative return on equity of 22.97%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.75 billion. During the same quarter last year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. sell-side analysts forecast that Chicago Bridge & Iron will post 1.69 EPS for the current year.

Chicago Bridge & Iron 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.

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Institutional Ownership by Quarter for Chicago Bridge & Iron (NYSE:CBI)

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