Institutional Investor Sentiment About Chicago Bridge & Iron Co NV (NYSE:CBI) Up

Marco Green
June 27, 2017

At the end of 3/31/2017 reporting period, 183 institutional holders increased their position in Chicago Bridge & Iron Company N.V. (NYSE:CBI) by some 13,500,942 shares, 213 decreased positions by 11,042,556 and 57 held positions by 42,999,583. Its weekly and monthly volatility is 6.31%, 6.31% respectively. The firm has "Buy" rating by Argus Research given on Wednesday, December 7. Chicago Bridge & Iron Company N.V. pays an annual dividend of $0.28 per share and has a dividend yield of 2.1%. The "percentage off the 52-week high or low" refers to when a stock current price is relative to where it has traded over the last 52 weeks.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) shows a Forward Annual Dividend Rate of $0.28 and Trailing Annual Dividend Yield of 2.07% according to MorningStar Inc. Moreover, Beck Mack Oliver Lc has 0.65% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI). A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range. They now have a United States dollars 10 price target on the stock.

05/17/2017 - Chicago Bridge & Iron Company N.V. had its "neutral" rating reiterated by analysts at Robert W. Baird. CBI was included in 23 notes of analysts from August 14, 2015. For the current year the company's revenue estimates are $10 Billion compared to low analyst estimates of $9.81 Billion and high estimates of $10.15 Billion according to the prediction of 11 analysts.

05/24/2017 - Chicago Bridge & Iron Company N.V. had its "buy" rating reiterated by analysts at UBS. Comparatively, CBI posted earnings of $1.2 per share in the same quarter, a year earlier.

Several analysts have released their opinion on Chicago Bridge & Iron Company N.V. (NYSE:CBI), with 4 analysts believing it is a strong buy. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.42 billion. Clearbridge Investments LLC boosted its position in Chicago Bridge & Iron Company N.V.by 8.5% in the first quarter. The business's quarterly revenue was down 11.4% compared to the same quarter previous year. During the same quarter in the previous year, the business earned $1.01 EPS.

Analysts on average have given a price target of $28 to Chicago Bridge & Iron Company N.V. (CBI) stock. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of USA & global copyright law. The correct version of this story can be read at https://www.thecerbatgem.com/2017/06/26/chicago-bridge-iron-company-n-v-cbi-earns-underperform-rating-from-macquarie.html.

The firm also recently declared a special dividend, which will be paid on Friday, June 30th. Nuveen Asset Management Llc invested in 0.13% or 410,730 shares. The ex-dividend date is Wednesday, June 21st. Dimensional Fund Advisors LP increased its stake in Chicago Bridge & Iron Company N.V.by 80.3% in the first quarter. The price index is calculated by dividing the current share price by the share price ten months ago. The stock was sold at an average price of $31.00, for a total transaction of $82,367.00. The SEC filing shows that RAY EDGAR C. performed a sale of 48,700 shares. The stock's market capitalization is 1.45B, it has a 52-week low of 13.89 and a 52-week high of 39.71. Chicago Bridge & Iron Company N.V. has an average rating of "Hold" and a consensus price target of $29.32. Following the completion of the sale, the insider now owns 109,196 shares in the company, valued at approximately $3,385,076. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,857 shares of company stock valued at $1,671,028. Thompson Davis & owns 0% invested in Acacia Research Corp (NASDAQ:ACTG) for 500 shares.

09/21/2016 - Chicago Bridge & Iron Company N.V. was downgraded to "hold" by analysts at Johnson Rice. The stock exchanged hands 4.35 Million shares versus average trading capacity of 3.37 Million shares. Comerica Bank boosted its stake in shares of Chicago Bridge & Iron Company N.V.by 17.5% in the fourth quarter. Convergence Invest Partners Limited Liability Company holds 40,232 shares or 0.18% of its portfolio.

Chicago Bridge & Iron Company N.V. has a 50 day moving average of 20.59 and a 200 day moving average of 29.26. First Trust Advisors LP now owns 942,798 shares of the construction company's stock valued at $28,991,000 after buying an additional 932,941 shares during the period.

02/26/2016 - Chicago Bridge & Iron Company N.V. was upgraded to "buy" by analysts at Vertical Research. Comerica Bank now owns 14,473 shares of the construction company's stock valued at $474,000 after buying an additional 2,154 shares in the last quarter.

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