Chicago Bridge & Iron Company N.V. (NYSE:CBI) Holdings Lifted by IFP Advisors Inc

IFP Advisors Inc increased its stake in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 46.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,366 shares of the construction company’s stock after buying an additional 7,994 shares during the period. IFP Advisors Inc’s holdings in Chicago Bridge & Iron Company N.V. were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Traynor Capital Management Inc. purchased a new stake in Chicago Bridge & Iron Company N.V. during the third quarter worth about $222,000. First Manhattan Co. lifted its holdings in shares of Chicago Bridge & Iron Company N.V. by 4,859.0% in the third quarter. First Manhattan Co. now owns 24,200 shares of the construction company’s stock valued at $406,000 after purchasing an additional 23,712 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in shares of Chicago Bridge & Iron Company N.V. by 181.5% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 38,000 shares of the construction company’s stock valued at $638,000 after purchasing an additional 24,500 shares in the last quarter. A. D. Beadell Investment Counsel Inc. lifted its holdings in shares of Chicago Bridge & Iron Company N.V. by 62.4% in the third quarter. A. D. Beadell Investment Counsel Inc. now owns 19,000 shares of the construction company’s stock valued at $319,000 after purchasing an additional 7,300 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of Chicago Bridge & Iron Company N.V. in the third quarter valued at about $300,000. 68.45% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, EVP Daniel M. Mccarthy sold 7,500 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $16.29, for a total value of $122,175.00. Following the sale, the executive vice president now owns 104,964 shares of the company’s stock, valued at approximately $1,709,863.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 22,500 shares of company stock worth $357,525. Corporate insiders own 1.10% of the company’s stock.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) traded up $0.22 during trading on Wednesday, hitting $15.62. 1,776,603 shares of the stock were exchanged, compared to its average volume of 3,720,600. Chicago Bridge & Iron Company N.V. has a one year low of $9.55 and a one year high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its quarterly earnings results on Monday, October 30th. The construction company reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.19). Chicago Bridge & Iron Company N.V. had a negative return on equity of 10.86% and a negative net margin of 13.33%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. The company’s quarterly revenue was down 18.7% compared to the same quarter last year. research analysts anticipate that Chicago Bridge & Iron Company N.V. will post -1.98 earnings per share for the current year.

Several brokerages recently issued reports on CBI. Deutsche Bank AG set a $21.00 price objective on shares of Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a research note on Thursday, August 10th. BidaskClub downgraded shares of Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Credit Suisse Group reissued a “neutral” rating and set a $13.00 price objective on shares of Chicago Bridge & Iron Company N.V. in a research note on Friday, August 11th. Citigroup Inc. set a $18.00 price objective on shares of Chicago Bridge & Iron Company N.V. and gave the company a “hold” rating in a research note on Thursday, August 10th. Finally, DA Davidson reaffirmed a “buy” rating and set a $25.00 price target (down previously from $40.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Thursday, August 10th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Chicago Bridge & Iron Company N.V. currently has an average rating of “Hold” and a consensus target price of $20.79.

About Chicago Bridge & Iron Company N.V.

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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