ARP Americas LP purchased a new stake in shares of Chicago Bridge & Iron (NYSE:CBI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 84,181 shares of the construction company’s stock, valued at approximately $1,359,000. ARP Americas LP owned 0.08% of Chicago Bridge & Iron as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Global X Management Co. LLC boosted its holdings in shares of Chicago Bridge & Iron by 75.4% in the 4th quarter. Global X Management Co. LLC now owns 6,971 shares of the construction company’s stock worth $113,000 after acquiring an additional 2,996 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Chicago Bridge & Iron by 1,648.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,849 shares of the construction company’s stock worth $175,000 after purchasing an additional 8,343 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Chicago Bridge & Iron in the 3rd quarter worth approximately $176,000. Cubist Systematic Strategies LLC bought a new stake in shares of Chicago Bridge & Iron during the 2nd quarter valued at $177,000. Finally, Wedbush Securities Inc. bought a new stake in shares of Chicago Bridge & Iron during the 3rd quarter valued at $196,000. Hedge funds and other institutional investors own 63.55% of the company’s stock.
Several brokerages have commented on CBI. KeyCorp upgraded shares of Chicago Bridge & Iron to an “overweight” rating and set a $14.00 target price for the company in a research report on Wednesday, January 24th. DA Davidson lowered shares of Chicago Bridge & Iron from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Tuesday, December 19th. Robert W. Baird set a $17.00 target price on shares of Chicago Bridge & Iron and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. ValuEngine upgraded shares of Chicago Bridge & Iron from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 1st. Finally, MKM Partners downgraded shares of Chicago Bridge & Iron from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 3rd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. Chicago Bridge & Iron currently has a consensus rating of “Hold” and an average price target of $19.07.
Chicago Bridge & Iron (NYSE:CBI) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The business had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Chicago Bridge & Iron had a negative net margin of 20.60% and a negative return on equity of 17.65%. analysts anticipate that Chicago Bridge & Iron will post 2.03 EPS for the current year.
In related news, EVP Daniel M. Mccarthy sold 7,500 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $16.07, for a total value of $120,525.00. Following the completion of the transaction, the executive vice president now directly owns 89,964 shares in the company, valued at approximately $1,445,721.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.
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Chicago Bridge & Iron 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.
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