Chicago Bridge & Iron Company N.V. (NYSE:CBI) Position Boosted by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 5.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 801,421 shares of the construction company’s stock after buying an additional 42,391 shares during the period. Geode Capital Management LLC’s holdings in Chicago Bridge & Iron Company N.V. were worth $24,643,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. increased its stake in Chicago Bridge & Iron Company N.V. by 4.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 23,275 shares of the construction company’s stock valued at $716,000 after buying an additional 1,070 shares during the last quarter. Vanguard Group Inc. increased its stake in Chicago Bridge & Iron Company N.V. by 3.8% in the first quarter. Vanguard Group Inc. now owns 8,368,949 shares of the construction company’s stock valued at $257,345,000 after buying an additional 308,397 shares during the last quarter. Mackenzie Financial Corp increased its stake in Chicago Bridge & Iron Company N.V. by 1,956.0% in the first quarter. Mackenzie Financial Corp now owns 183,868 shares of the construction company’s stock valued at $5,654,000 after buying an additional 174,925 shares during the last quarter. Fairpointe Capital LLC increased its stake in Chicago Bridge & Iron Company N.V. by 34.8% in the first quarter. Fairpointe Capital LLC now owns 2,852,261 shares of the construction company’s stock valued at $87,707,000 after buying an additional 736,649 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Chicago Bridge & Iron Company N.V. by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 23,291 shares of the construction company’s stock valued at $716,000 after buying an additional 277 shares during the last quarter. Institutional investors own 66.14% of the company’s stock.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) opened at 17.78 on Monday. Chicago Bridge & Iron Company N.V. has a 12-month low of $12.91 and a 12-month high of $39.71. The stock’s market capitalization is $1.79 billion. The firm’s 50-day moving average is $18.21 and its 200-day moving average is $28.45.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last issued its quarterly earnings results on Monday, May 8th. The construction company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.95 by $0.71. Chicago Bridge & Iron Company N.V. had a negative net margin of 3.81% and a positive return on equity of 17.98%. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the business earned $1.01 earnings per share. Chicago Bridge & Iron Company N.V.’s revenue was down 11.4% compared to the same quarter last year. Analysts predict that Chicago Bridge & Iron Company N.V. will post $3.09 EPS for the current fiscal year.

The business also recently declared a special dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 23rd were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, June 21st. Chicago Bridge & Iron Company N.V.’s payout ratio is presently -6.93%.

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Several research firms recently issued reports on CBI. Vertical Research reissued a “buy” rating and issued a $45.00 price target on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, June 30th. Macquarie lifted their price target on shares of Chicago Bridge & Iron Company N.V. from $10.00 to $14.00 and gave the company a “sell” rating in a research report on Wednesday, June 28th. Credit Suisse Group set a $40.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a research report on Saturday, April 22nd. Robert W. Baird lifted their price target on shares of Chicago Bridge & Iron Company N.V. from $15.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, June 28th. Finally, MKM Partners reissued a “buy” rating and issued a $34.00 price target on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Chicago Bridge & Iron Company N.V. presently has a consensus rating of “Hold” and an average price target of $29.79.

In related news, insider Edgar C. Ray sold 48,700 shares of the stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $31.03, for a total transaction of $1,511,161.00. Following the sale, the insider now directly owns 60,496 shares of the company’s stock, valued at $1,877,190.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Westley S. Stockton sold 2,657 shares of the stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $31.00, for a total value of $82,367.00. Following the sale, the vice president now directly owns 19,005 shares in the company, valued at $589,155. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

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.

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

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