Daiwa Securities Group Inc. Sells 33,820 Shares of Chicago Bridge & Iron Company N.V. (CBI)

Daiwa Securities Group Inc. lowered its stake in Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 48.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,290 shares of the construction company’s stock after selling 33,820 shares during the period. Daiwa Securities Group Inc.’s holdings in Chicago Bridge & Iron Company N.V. were worth $609,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CBI. Teachers Advisors LLC boosted its stake in shares of Chicago Bridge & Iron Company N.V. by 9.2% in the first quarter. Teachers Advisors LLC now owns 144,719 shares of the construction company’s stock valued at $4,450,000 after buying an additional 12,219 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Chicago Bridge & Iron Company N.V. by 3,280.3% in the first quarter. BlackRock Inc. now owns 4,175,222 shares of the construction company’s stock valued at $128,389,000 after buying an additional 4,051,706 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Chicago Bridge & Iron Company N.V. by 8.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 442,309 shares of the construction company’s stock valued at $13,602,000 after buying an additional 35,279 shares in the last quarter. State Street Corp boosted its stake in shares of Chicago Bridge & Iron Company N.V. by 3.0% in the first quarter. State Street Corp now owns 1,442,415 shares of the construction company’s stock valued at $44,357,000 after buying an additional 42,486 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Chicago Bridge & Iron Company N.V. by 6.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 6,867 shares of the construction company’s stock valued at $211,000 after buying an additional 410 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

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Chicago Bridge & Iron Company N.V. (CBI) opened at $15.86 on Tuesday. Chicago Bridge & Iron Company N.V. has a 1-year low of $9.55 and a 1-year high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its quarterly earnings results on Monday, October 30th. The construction company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.19). Chicago Bridge & Iron Company N.V. had a negative return on equity of 10.86% and a negative net margin of 13.33%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the firm earned $1.20 earnings per share. The business’s revenue was down 18.7% compared to the same quarter last year. equities analysts anticipate that Chicago Bridge & Iron Company N.V. will post -1.91 EPS for the current fiscal year.

A number of analysts recently weighed in on CBI shares. KeyCorp restated a “hold” rating on shares of Chicago Bridge & Iron Company N.V. in a research note on Friday, September 22nd. Credit Suisse Group downgraded Chicago Bridge & Iron Company N.V. from an “outperform” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research note on Monday, July 24th. Deutsche Bank AG restated a “buy” rating and issued a $20.00 price target (up from $16.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Tuesday, October 24th. BidaskClub downgraded Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Finally, MKM Partners restated a “buy” rating and issued a $21.00 price target (up from $17.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, October 4th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.79.

In related news, EVP Daniel M. Mccarthy sold 7,500 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $16.29, for a total value of $122,175.00. Following the completion of the transaction, the executive vice president now directly owns 104,964 shares in the company, valued at $1,709,863.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

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

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