Flinton Capital Management LLC Trims Stake in Chicago Bridge & Iron Company N.V. (CBI)

Flinton Capital Management LLC trimmed its stake in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 68.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,360 shares of the construction company’s stock after selling 83,272 shares during the period. Flinton Capital Management LLC’s holdings in Chicago Bridge & Iron Company N.V. were worth $757,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CBI. ELCO Management Co. LLC lifted its holdings in Chicago Bridge & Iron Company N.V. by 7.1% in the second quarter. ELCO Management Co. LLC now owns 46,900 shares of the construction company’s stock valued at $925,000 after buying an additional 3,125 shares during the period. Stifel Financial Corp lifted its holdings in Chicago Bridge & Iron Company N.V. by 55.6% in the second quarter. Stifel Financial Corp now owns 122,541 shares of the construction company’s stock valued at $2,423,000 after buying an additional 43,811 shares during the period. Brandywine Global Investment Management LLC lifted its holdings in Chicago Bridge & Iron Company N.V. by 20.1% in the second quarter. Brandywine Global Investment Management LLC now owns 1,581,068 shares of the construction company’s stock valued at $31,195,000 after buying an additional 264,419 shares during the period. Voya Investment Management LLC lifted its holdings in Chicago Bridge & Iron Company N.V. by 44.3% in the second quarter. Voya Investment Management LLC now owns 45,368 shares of the construction company’s stock valued at $895,000 after buying an additional 13,934 shares during the period. Finally, Lumina Fund Management LLC acquired a new position in Chicago Bridge & Iron Company N.V. in the second quarter valued at approximately $2,634,000. Institutional investors own 67.90% of the company’s stock.

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Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Chicago Bridge & Iron Company N.V. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Citigroup Inc. restated a “neutral” rating and issued a $20.00 price objective (down from $23.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Tuesday, July 18th. Robert W. Baird set a $10.00 price objective on shares of Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a report on Thursday, August 10th. KeyCorp restated a “hold” rating on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, September 22nd. Finally, Wells Fargo & Company upgraded shares of Chicago Bridge & Iron Company N.V. from a “market perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a report on Wednesday, June 28th. Four 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 company presently has an average rating of “Hold” and an average price target of $20.19.

In other news, insider Daniel M. Mccarthy sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $16.04, for a total value of $120,300.00. Following the transaction, the insider now owns 112,464 shares in the company, valued at approximately $1,803,922.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Shares of Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 16.4925 on Monday. The firm has a 50-day moving average of $14.32 and a 200 day moving average of $19.82. Chicago Bridge & Iron Company N.V. has a 12-month low of $9.55 and a 12-month high of $36.56. The firm’s market capitalization is $1.67 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) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($3.81). The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates 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%. The firm’s revenue for the quarter was dow

Several other hedge funds also recently made changes to their positions in CBI. ELCO Management Co. LLC lifted its holdings in Chicago Bridge & Iron Company N.V. by 7.1% in the second quarter. ELCO Management Co. LLC now owns 46,900 shares of the construction company’s stock valued at $925,000 after buying an additional 3,125 shares during the period. Stifel Financial Corp lifted its holdings in Chicago Bridge & Iron Company N.V. by 55.6% in the second quarter. Stifel Financial Corp now owns 122,541 shares of the construction company’s stock valued at $2,423,000 after buying an additional 43,811 shares during the period. Brandywine Global Investment Management LLC lifted its holdings in Chicago Bridge & Iron Company N.V. by 20.1% in the second quarter. Brandywine Global Investment Management LLC now owns 1,581,068 shares of the construction company’s stock valued at $31,195,000 after buying an additional 264,419 shares during the period. Voya Investment Management LLC lifted its holdings in Chicago Bridge & Iron Company N.V. by 44.3% in the second quarter. Voya Investment Management LLC now owns 45,368 shares of the construction company’s stock valued at $895,000 after buying an additional 13,934 shares during the period. Finally, Lumina Fund Management LLC acquired a new position in Chicago Bridge & Iron Company N.V. in the second quarter valued at approximately $2,634,000. Institutional investors own 67.90% of the company’s stock.

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Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Chicago Bridge & Iron Company N.V. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Citigroup Inc. restated a “neutral” rating and issued a $20.00 price objective (down from $23.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Tuesday, July 18th. Robert W. Baird set a $10.00 price objective on shares of Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a report on Thursday, August 10th. KeyCorp restated a “hold” rating on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, September 22nd. Finally, Wells Fargo & Company upgraded shares of Chicago Bridge & Iron Company N.V. from a “market perform” rating to an “outperform” rating and set a $28.00 price objective on the stock in a report on Wednesday, June 28th. Four 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 company presently has an average rating of “Hold” and an average price target of $20.19.

In other news, insider Daniel M. Mccarthy sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $16.04, for a total value of $120,300.00. Following the transaction, the insider now owns 112,464 shares in the company, valued at approximately $1,803,922.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Shares of Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 16.4925 on Monday. The firm has a 50-day moving average of $14.32 and a 200 day moving average of $19.82. Chicago Bridge & Iron Company N.V. has a 12-month low of $9.55 and a 12-month high of $36.56. The firm’s market capitalization is $1.67 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) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($3.81). The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates 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%. The firm’s revenue for the quarter was down 40.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS. On average, equities research analysts expect that Chicago Bridge & Iron Company N.V. will post ($1.83) earnings per share for the current 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.

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

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