Insider Selling: Chicago Bridge & Iron Company N.V. (CBI) Insider Sells 7,500 Shares of Stock

Chicago Bridge & Iron Company N.V. (NYSE:CBI) insider Daniel M. Mccarthy sold 7,500 shares of Chicago Bridge & Iron Company N.V. stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $16.04, for a total transaction of $120,300.00. Following the transaction, the insider now directly owns 112,464 shares of the company’s stock, valued at $1,803,922.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Chicago Bridge & Iron Company N.V. (CBI) traded down 1.72% during trading on Wednesday, reaching $16.00. The company’s stock had a trading volume of 3,649,598 shares. The firm’s market cap is $1.62 billion. The stock’s 50 day moving average is $13.50 and its 200 day moving average is $20.97. Chicago Bridge & Iron Company N.V. has a one year low of $9.55 and a one year high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last released its quarterly earnings data on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the consensus estimate of $0.85 by ($3.81). Chicago Bridge & Iron Company N.V. had a negative net margin of 10.54% and a negative return on equity of 3.92%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $2.49 billion. During the same period last year, the business earned $1.17 earnings per share. The company’s quarterly revenue was down 40.6% on a year-over-year basis. On average, equities analysts forecast that Chicago Bridge & Iron Company N.V. will post ($1.83) EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of CBI. Hanson & Doremus Investment Management lifted its holdings in Chicago Bridge & Iron Company N.V. by 14.8% in the second quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock valued at $100,000 after acquiring an additional 650 shares during the period. Clearbridge Investments LLC lifted its holdings in Chicago Bridge & Iron Company N.V. by 8.5% in the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock valued at $117,000 after acquiring an additional 300 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in Chicago Bridge & Iron Company N.V. by 907.6% in the second quarter. Chicago Partners Investment Group LLC now owns 6,600 shares of the construction company’s stock valued at $130,000 after acquiring an additional 5,945 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Chicago Bridge & Iron Company N.V. by 47.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,697 shares of the construction company’s stock valued at $152,000 after acquiring an additional 2,466 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its holdings in Chicago Bridge & Iron Company N.V. by 1,648.8% in the second quarter. Ameritas Investment Partners Inc. now owns 8,849 shares of the construction company’s stock valued at $175,000 after acquiring an additional 8,343 shares during the period. 67.90% of the stock is currently owned by institutional investors.

A number of equities analysts have weighed in on the stock. Vertical Research reaffirmed a “buy” rating and issued a $20.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research note on Thursday, September 14th. Credit Suisse Group restated a “hold” rating and set a $13.00 price objective on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday, September 13th. ValuEngine cut shares of Chicago Bridge & Iron Company N.V. from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Bank of America Corporation set a $10.00 price objective on shares of Chicago Bridge & Iron Company N.V. and gave the company a “sell” rating in a report on Wednesday, August 30th. Finally, BidaskClub upgraded shares of Chicago Bridge & Iron Company N.V. from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.63.

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.

Insider Buying and Selling by Quarter for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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