Chicago Bridge & Iron Company N.V. (CBI) Shares Bought by Systematic Financial Management LP

Systematic Financial Management LP grew its position in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 59.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 82,945 shares of the construction company’s stock after purchasing an additional 30,810 shares during the quarter. Systematic Financial Management LP owned 0.08% of Chicago Bridge & Iron Company N.V. worth $1,637,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of CBI. Bank of Montreal Can increased its position in shares of Chicago Bridge & Iron Company N.V. by 72.4% during the 1st quarter. Bank of Montreal Can now owns 46,087 shares of the construction company’s stock valued at $1,418,000 after purchasing an additional 19,361 shares during the period. American Century Companies Inc. increased its position in shares of Chicago Bridge & Iron Company N.V. by 1.6% during the 1st quarter. American Century Companies Inc. now owns 178,056 shares of the construction company’s stock valued at $5,475,000 after purchasing an additional 2,865 shares during the period. Karp Capital Management Corp acquired a new position in shares of Chicago Bridge & Iron Company N.V. during the 1st quarter valued at $411,000. Parametric Portfolio Associates LLC increased its position in shares of Chicago Bridge & Iron Company N.V. by 3.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 269,372 shares of the construction company’s stock valued at $8,283,000 after purchasing an additional 10,228 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new position in shares of Chicago Bridge & Iron Company N.V. during the 1st quarter valued at $993,000. Institutional investors own 67.82% of the company’s stock.

Chicago Bridge & Iron Company N.V. (CBI) opened at 15.05 on Friday. Chicago Bridge & Iron Company N.V. has a 12-month low of $9.55 and a 12-month high of $36.56. The company’s market capitalization is $1.52 billion. The firm’s 50-day moving average price is $13.66 and its 200 day moving average price is $21.39.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last issued its earnings results on Wednesday, August 9th. The construction company reported ($2.96) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($3.81). The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $2.49 billion. Chicago Bridge & Iron Company N.V. had a negative net margin of 10.54% and a negative return on equity of 3.92%. The firm’s revenue for the quarter was down 40.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 earnings per share. On average, equities research analysts expect that Chicago Bridge & Iron Company N.V. will post ($1.83) EPS for the current fiscal year.

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CBI has been the subject of several research reports. BidaskClub raised Chicago Bridge & Iron Company N.V. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Credit Suisse Group set a $21.00 price objective on Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research note on Tuesday, July 4th. Deutsche Bank AG raised their price objective on 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. Robert W. Baird set a $10.00 price objective on Chicago Bridge & Iron Company N.V. and gave the stock a “hold” rating in a research note on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $15.00 price objective (down from $33.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Monday, June 12th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.63.

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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