AQR Capital Management LLC Has $9.41 Million Stake in Chicago Bridge & Iron Company N.V. (NYSE:CBI)

AQR Capital Management LLC decreased its stake in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 12.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 305,913 shares of the construction company’s stock after selling 41,973 shares during the period. AQR Capital Management LLC’s holdings in Chicago Bridge & Iron Company N.V. were worth $9,407,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Brick & Kyle Associates increased its position in Chicago Bridge & Iron Company N.V. by 14.5% in the first quarter. Brick & Kyle Associates now owns 3,950 shares of the construction company’s stock valued at $121,000 after buying an additional 500 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Chicago Bridge & Iron Company N.V. by 136.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,231 shares of the construction company’s stock worth $160,000 after buying an additional 3,021 shares in the last quarter. Sawtooth Solutions LLC purchased a new position in shares of Chicago Bridge & Iron Company N.V. during the first quarter worth $203,000. M Holdings Securities Inc. purchased a new position in shares of Chicago Bridge & Iron Company N.V. during the fourth quarter worth $204,000. Finally, HighPoint Advisor Group LLC purchased a new position in shares of Chicago Bridge & Iron Company N.V. during the fourth quarter worth $210,000. 66.14% of the stock is owned by hedge funds and other institutional investors.

Shares of 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 firm has a 50-day moving average of $18.21 and a 200-day moving average of $28.45. The firm’s market capitalization is $1.79 billion.

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

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

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A number of equities analysts recently weighed in on CBI shares. Deutsche Bank AG lifted their target price on shares of Chicago Bridge & Iron Company N.V. from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. MKM Partners reissued a “buy” rating and set a $34.00 target price (down previously from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Friday, May 19th. Robert W. Baird reissued a “neutral” rating and set a $23.00 target price (down previously from $31.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, May 17th. Credit Suisse Group lowered their target price on shares of Chicago Bridge & Iron Company N.V. from $34.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, June 19th. They noted that the move was a valuation call. Finally, Macquarie reissued an “underperform” rating and set a $10.00 target price (down previously from $11.50) on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, June 21st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Chicago Bridge & Iron Company N.V. presently has a consensus rating of “Hold” and a consensus target price of $29.79.

In other Chicago Bridge & Iron Company N.V. news, insider Edgar C. Ray sold 48,700 shares of the company’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $31.03, for a total value of $1,511,161.00. Following the completion of the transaction, the insider now directly owns 60,496 shares in the company, valued at approximately $1,877,190.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Westley S. Stockton sold 2,657 shares of the company’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $31.00, for a total transaction of $82,367.00. Following the completion of the transaction, the vice president now owns 19,005 shares of the company’s stock, valued at $589,155. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate 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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