Highland Capital Management LLC increased its position in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,686 shares of the construction company’s stock after buying an additional 1,570 shares during the period. Highland Capital Management LLC’s holdings in Chicago Bridge & Iron Company N.V. were worth $862,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Comerica Bank increased its stake in shares of Chicago Bridge & Iron Company N.V. by 17.5% in the fourth quarter. Comerica Bank now owns 14,473 shares of the construction company’s stock worth $474,000 after buying an additional 2,154 shares in the last quarter. Federated Investors Inc. PA increased its stake in shares of Chicago Bridge & Iron Company N.V. by 99.6% in the fourth quarter. Federated Investors Inc. PA now owns 6,751 shares of the construction company’s stock worth $214,000 after buying an additional 3,369 shares in the last quarter. FMR LLC increased its stake in shares of Chicago Bridge & Iron Company N.V. by 245.9% in the fourth quarter. FMR LLC now owns 563,191 shares of the construction company’s stock worth $17,881,000 after buying an additional 400,375 shares in the last quarter. Norges Bank bought a new stake in shares of Chicago Bridge & Iron Company N.V. during the fourth quarter worth about $24,642,000. Finally, HighPoint Advisor Group LLC bought a new stake in shares of Chicago Bridge & Iron Company N.V. during the fourth quarter worth about $210,000. Institutional investors own 65.63% of the company’s stock.
Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) traded down 3.116% during midday trading on Friday, hitting $17.565. 1,101,065 shares of the stock traded hands. The company’s market cap is $1.77 billion. The stock has a 50-day moving average of $17.19 and a 200-day moving average of $26.78. Chicago Bridge & Iron Company N.V. has a 52-week low of $12.91 and a 52-week high of $38.41.
Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its quarterly earnings data on Monday, May 8th. The construction company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by $0.71. Chicago Bridge & Iron Company N.V. had a negative net margin of 3.81% and a positive return on equity of 17.98%. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the previous year, the business posted $1.01 EPS. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. On average, equities analysts predict that Chicago Bridge & Iron Company N.V. will post $2.95 earnings per share for the current fiscal year.
The firm also recently disclosed a special dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 23rd were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, June 21st. Chicago Bridge & Iron Company N.V.’s payout ratio is -6.93%.
ILLEGAL ACTIVITY WARNING: “Highland Capital Management LLC Raises Position in Chicago Bridge & Iron Company N.V. (CBI)” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/07/21/highland-capital-management-llc-raises-position-in-chicago-bridge-iron-company-n-v-cbi.html.
CBI has been the topic of a number of research reports. MKM Partners reiterated a “buy” rating and issued a $41.00 price target on shares of Chicago Bridge & Iron Company N.V. in a report on Tuesday, March 28th. Credit Suisse Group set a $40.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a report on Saturday, April 22nd. Citigroup Inc. reduced their price target on shares of Chicago Bridge & Iron Company N.V. from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, May 9th. Jefferies Group LLC reiterated a “buy” rating and issued a $35.00 price target on shares of Chicago Bridge & Iron Company N.V. in a report on Tuesday, May 9th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $23.00 price target (down from $31.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday, May 17th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $29.05.
In related news, VP Westley S. Stockton sold 2,657 shares of Chicago Bridge & Iron Company N.V. stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $31.00, for a total value of $82,367.00. Following the completion of the transaction, the vice president now owns 19,005 shares in the company, valued at $589,155. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edgar C. Ray sold 48,700 shares of Chicago Bridge & Iron Company N.V. stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $31.03, for a total transaction of $1,511,161.00. Following the completion of the transaction, the insider now owns 60,496 shares of the company’s stock, valued at approximately $1,877,190.88. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding CBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chicago Bridge & Iron Company N.V. (NYSE:CBI).
Receive News & Ratings for Chicago Bridge & Iron Company N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chicago Bridge & Iron Company N.V. and related companies with MarketBeat.com's FREE daily email newsletter.
