Alpine Associates Management Inc. Acquires Shares of 236,830 Chicago Bridge & Iron (CBI)

Alpine Associates Management Inc. acquired a new position in shares of Chicago Bridge & Iron (NYSE:CBI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 236,830 shares of the construction company’s stock, valued at approximately $3,825,000. Alpine Associates Management Inc. owned about 0.23% of Chicago Bridge & Iron as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Chicago Bridge & Iron by 51.9% in the second quarter. BlackRock Inc. now owns 6,340,731 shares of the construction company’s stock valued at $125,104,000 after buying an additional 2,165,509 shares in the last quarter. State Street Corp raised its position in shares of Chicago Bridge & Iron by 181.4% in the second quarter. State Street Corp now owns 4,059,198 shares of the construction company’s stock valued at $80,086,000 after buying an additional 2,616,783 shares in the last quarter. Towle & Co. raised its position in shares of Chicago Bridge & Iron by 20.8% in the third quarter. Towle & Co. now owns 1,892,897 shares of the construction company’s stock valued at $31,801,000 after buying an additional 326,478 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of Chicago Bridge & Iron by 16.0% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 1,443,563 shares of the construction company’s stock valued at $24,252,000 after buying an additional 199,399 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Chicago Bridge & Iron by 110.9% in the second quarter. Northern Trust Corp now owns 1,165,751 shares of the construction company’s stock valued at $23,000,000 after buying an additional 612,936 shares in the last quarter. Hedge funds and other institutional investors own 67.67% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Chicago Bridge & Iron from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded shares of Chicago Bridge & Iron from a “hold” rating to a “sell” rating in a research report on Thursday, February 1st. KeyCorp raised shares of Chicago Bridge & Iron to an “overweight” rating and set a $14.00 price objective on the stock in a research note on Wednesday, January 24th. Robert W. Baird set a $17.00 price objective on shares of Chicago Bridge & Iron and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Finally, MKM Partners cut shares of Chicago Bridge & Iron from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 3rd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.07.

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

Shares of Chicago Bridge & Iron (NYSE CBI) opened at $17.89 on Wednesday. The firm has a market cap of $1,810.00, a price-to-earnings ratio of -5.17, a price-to-earnings-growth ratio of 0.99 and a beta of 2.40. Chicago Bridge & Iron has a one year low of $9.55 and a one year high of $36.15.

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Chicago Bridge & Iron 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.

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

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