SFE Investment Counsel Trims Position in Chicago Bridge & Iron (CBI)

SFE Investment Counsel lowered its holdings in Chicago Bridge & Iron (NYSE:CBI) by 43.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,200 shares of the construction company’s stock after selling 10,925 shares during the quarter. SFE Investment Counsel’s holdings in Chicago Bridge & Iron were worth $204,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new stake in Chicago Bridge & Iron during the fourth quarter worth about $102,000. Global X Management Co. LLC lifted its holdings in Chicago Bridge & Iron by 75.4% in the fourth quarter. Global X Management Co. LLC now owns 6,971 shares of the construction company’s stock valued at $113,000 after buying an additional 2,996 shares during the period. Investors Research Corp acquired a new stake in Chicago Bridge & Iron in the fourth quarter worth $177,000. X Square Capital LLC acquired a new stake in Chicago Bridge & Iron in the fourth quarter worth $182,000. Finally, Candriam Luxembourg S.C.A. acquired a new stake in Chicago Bridge & Iron in the fourth quarter worth $211,000. 63.00% of the stock is currently owned by institutional investors and hedge funds.

CBI opened at $16.39 on Friday. Chicago Bridge & Iron has a fifty-two week low of $9.55 and a fifty-two week high of $25.49. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -8.81, a price-to-earnings-growth ratio of 1.06 and a beta of 2.46.

Chicago Bridge & Iron (NYSE:CBI) last issued its quarterly earnings results on Monday, April 23rd. The construction company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. equities analysts predict that Chicago Bridge & Iron will post 1.69 earnings per share for the current fiscal year.

Several research firms have weighed in on CBI. KeyCorp upgraded shares of Chicago Bridge & Iron to an “overweight” rating and set a $14.00 target price on the stock in a report on Wednesday, January 24th. 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. ValuEngine cut shares of Chicago Bridge & Iron from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Citigroup cut their price target on shares of Chicago Bridge & Iron from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, April 24th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $14.00 price target on shares of Chicago Bridge & Iron in a research note on Monday, April 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. Chicago Bridge & Iron presently has an average rating of “Hold” and an average target price of $17.00.

About Chicago Bridge & Iron

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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