Janney Montgomery Scott LLC Raises Position in Chicago Bridge & Iron Company N.V. (CBI)

Janney Montgomery Scott LLC boosted its stake in Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 31.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 251,087 shares of the construction company’s stock after buying an additional 60,791 shares during the period. Janney Montgomery Scott LLC owned about 0.25% of Chicago Bridge & Iron Company N.V. worth $4,954,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC boosted its stake in Chicago Bridge & Iron Company N.V. by 8.5% in the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock valued at $117,000 after buying an additional 300 shares during the last quarter. Brick & Kyle Associates boosted its stake 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. Hanson & Doremus Investment Management boosted its stake in Chicago Bridge & Iron Company N.V. by 14.8% in the second quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock valued at $100,000 after buying an additional 650 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in 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 valued at $160,000 after buying an additional 3,021 shares during the last quarter. Finally, Sawtooth Solutions LLC bought a new stake in shares of Chicago Bridge & Iron Company N.V. during the first quarter valued at about $203,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Shares of Chicago Bridge & Iron Company N.V. (NYSE CBI) traded down 1.42% during trading on Friday, reaching $11.80. 11,285,216 shares of the company’s stock were exchanged. The company has a 50 day moving average of $17.53 and a 200 day moving average of $25.08. Chicago Bridge & Iron Company N.V. has a 52-week low of $10.54 and a 52-week high of $36.56. The firm’s market capitalization is $1.19 billion.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its quarterly earnings data on Wednesday, August 9th. The construction company reported ($2.96) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $3.81. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $2.49 billion. Chicago Bridge & Iron Company N.V. had a negative return on equity of 3.92% and a negative net margin of 10.54%. Chicago Bridge & Iron Company N.V.’s quarterly revenue was down 40.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 earnings per share. Equities analysts anticipate that Chicago Bridge & Iron Company N.V. will post $0.79 earnings per share for the current fiscal year.

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Several brokerages have recently issued reports on CBI. Credit Suisse Group set a $40.00 price objective on shares of Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a research note on Saturday, April 22nd. Citigroup Inc. lowered their price objective on shares of Chicago Bridge & Iron Company N.V. from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, May 9th. Jefferies Group LLC reissued a “buy” rating and set a $35.00 price objective on shares of Chicago Bridge & Iron Company N.V. in a research note on Tuesday, May 9th. Vertical Research reissued a “buy” rating and set a $45.00 price objective on shares of Chicago Bridge & Iron Company N.V. in a research note on Friday, June 30th. Finally, Deutsche Bank AG boosted their price objective on shares of Chicago Bridge & Iron Company N.V. from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.16.

Chicago Bridge & Iron Company N.V. 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 Company N.V. (NYSE:CBI)

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