Rhumbline Advisers Trims Position in Chicago Bridge & Iron (CBI)

Rhumbline Advisers cut its position in shares of Chicago Bridge & Iron (NYSE:CBI) by 14.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 105,877 shares of the construction company’s stock after selling 17,233 shares during the quarter. Rhumbline Advisers’ holdings in Chicago Bridge & Iron were worth $1,709,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of CBI. First Trust Advisors LP acquired a new position in Chicago Bridge & Iron during the third quarter worth $300,000. Commonwealth Equity Services Inc raised its holdings in Chicago Bridge & Iron by 76.3% during the third quarter. Commonwealth Equity Services Inc now owns 87,692 shares of the construction company’s stock worth $1,473,000 after purchasing an additional 37,954 shares during the last quarter. SG Americas Securities LLC raised its holdings in Chicago Bridge & Iron by 98.6% during the third quarter. SG Americas Securities LLC now owns 119,343 shares of the construction company’s stock worth $2,005,000 after purchasing an additional 59,251 shares during the last quarter. D.A. Davidson & CO. raised its holdings in Chicago Bridge & Iron by 22.9% during the third quarter. D.A. Davidson & CO. now owns 62,956 shares of the construction company’s stock worth $1,057,000 after purchasing an additional 11,719 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in Chicago Bridge & Iron by 4.6% during the third quarter. Oppenheimer & Co. Inc. now owns 111,952 shares of the construction company’s stock worth $1,881,000 after purchasing an additional 4,917 shares during the last quarter. 63.69% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts recently issued reports on CBI shares. ValuEngine raised Chicago Bridge & Iron from a “strong sell” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research cut Chicago Bridge & Iron from a “hold” rating to a “sell” rating in a report on Thursday, February 1st. Macquarie raised Chicago Bridge & Iron from an “underperform” rating to a “neutral” rating in a report on Tuesday, December 19th. KeyCorp raised Chicago Bridge & Iron to an “overweight” rating and set a $14.00 price target for the company in a report on Wednesday, January 24th. Finally, DA Davidson cut Chicago Bridge & Iron from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Tuesday, December 19th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $17.36.

CBI stock opened at $16.17 on Friday. Chicago Bridge & Iron has a 1-year low of $9.55 and a 1-year high of $31.69. The firm has a market capitalization of $1,709.08, a price-to-earnings ratio of -1.12, a PEG ratio of 0.94 and a beta of 2.45.

Chicago Bridge & Iron (NYSE:CBI) last released its earnings results on Tuesday, February 20th. The construction company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.77 billion. Chicago Bridge & Iron had a negative return on equity of 17.65% and a negative net margin of 20.60%. research analysts anticipate that Chicago Bridge & Iron will post 1.97 EPS for the current fiscal year.

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Chicago Bridge & Iron 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.

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

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