699,980 Shares in Chicago Bridge & Iron (CBI) Acquired by Chicago Capital Management LLC

Chicago Capital Management LLC bought a new stake in Chicago Bridge & Iron (NYSE:CBI) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 699,980 shares of the construction company’s stock, valued at approximately $10,080,000. Chicago Bridge & Iron accounts for 3.9% of Chicago Capital Management LLC’s investment portfolio, making the stock its 13th biggest holding. Chicago Capital Management LLC owned approximately 0.68% of Chicago Bridge & Iron as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairpointe Capital LLC lifted its stake in shares of Chicago Bridge & Iron by 19.6% in the fourth quarter. Fairpointe Capital LLC now owns 6,031,931 shares of the construction company’s stock worth $97,356,000 after buying an additional 987,820 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in shares of Chicago Bridge & Iron by 4,362.7% in the first quarter. State of Wisconsin Investment Board now owns 829,295 shares of the construction company’s stock worth $11,942,000 after buying an additional 810,712 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Chicago Bridge & Iron by 354.5% in the fourth quarter. Deutsche Bank AG now owns 806,598 shares of the construction company’s stock worth $13,016,000 after buying an additional 629,139 shares in the last quarter. Bandera Partners LLC purchased a new position in shares of Chicago Bridge & Iron in the fourth quarter worth about $6,361,000. Finally, Stevens Capital Management LP lifted its stake in shares of Chicago Bridge & Iron by 436.5% in the first quarter. Stevens Capital Management LP now owns 383,721 shares of the construction company’s stock worth $5,526,000 after buying an additional 312,197 shares in the last quarter. Institutional investors and hedge funds own 63.00% of the company’s stock.

Shares of Chicago Bridge & Iron opened at $16.39 on Friday, Marketbeat reports. Chicago Bridge & Iron has a 12 month low of $9.55 and a 12 month high of $25.49. The stock has a market cap 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 earnings results on Monday, April 23rd. The construction company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. Chicago Bridge & Iron’s quarterly revenue was down 4.5% compared to the same quarter last year. equities analysts predict that Chicago Bridge & Iron will post 1.69 EPS for the current fiscal year.

Several equities analysts have recently weighed in on the stock. KeyCorp raised shares of Chicago Bridge & Iron to an “overweight” rating and set a $14.00 price target on the stock in a research note on Wednesday, January 24th. ValuEngine raised shares of Chicago Bridge & Iron from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 1st. Citigroup decreased their price target on shares of Chicago Bridge & Iron from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 24th. Robert W. Baird reissued a “hold” rating and issued a $14.00 price target on shares of Chicago Bridge & Iron in a research note on Monday, April 23rd. Finally, Zacks Investment Research downgraded shares of Chicago Bridge & Iron from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. Chicago Bridge & Iron currently has a consensus rating of “Hold” and an average target price of $17.00.

About Chicago Bridge & Iron

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 (NYSE:CBI)

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