Chicago Bridge & Iron (CBI) Stake Lifted by Global X Management Co. LLC

Global X Management Co. LLC lifted its stake in shares of Chicago Bridge & Iron (NYSE:CBI) by 121.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 15,435 shares of the construction company’s stock after acquiring an additional 8,464 shares during the period. Global X Management Co. LLC’s holdings in Chicago Bridge & Iron were worth $222,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Chicago Bridge & Iron by 2.1% during the 4th quarter. BlackRock Inc. now owns 6,578,196 shares of the construction company’s stock worth $106,172,000 after acquiring an additional 135,848 shares during the period. Fairpointe Capital LLC lifted its holdings in shares of Chicago Bridge & Iron by 19.6% during the 4th quarter. Fairpointe Capital LLC now owns 6,031,931 shares of the construction company’s stock worth $97,356,000 after acquiring an additional 987,820 shares during the period. Towle & Co. lifted its holdings in shares of Chicago Bridge & Iron by 1.3% during the 4th quarter. Towle & Co. now owns 1,916,900 shares of the construction company’s stock worth $30,939,000 after acquiring an additional 24,003 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Chicago Bridge & Iron by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 842,552 shares of the construction company’s stock worth $13,598,000 after acquiring an additional 34,041 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Chicago Bridge & Iron by 354.5% during the 4th quarter. Deutsche Bank AG now owns 806,598 shares of the construction company’s stock worth $13,016,000 after acquiring an additional 629,139 shares during the period. Institutional investors and hedge funds own 63.00% of the company’s stock.

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Shares of NYSE:CBI opened at $16.39 on Wednesday. Chicago Bridge & Iron has a 52-week low of $9.55 and a 52-week high of $25.49. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -8.81, a PEG ratio of 1.06 and a beta of 2.46.

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

CBI has been the subject of a number of research analyst reports. Citigroup dropped their target price on shares of Chicago Bridge & Iron from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Tuesday, April 24th. ValuEngine downgraded shares of Chicago Bridge & Iron from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 7th. Robert W. Baird reissued a “hold” rating and set a $14.00 target price on shares of Chicago Bridge & Iron in a research report on Monday, April 23rd. KeyCorp raised 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. Finally, 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. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.00.

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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Institutional Ownership by Quarter for Chicago Bridge & Iron (NYSE:CBI)