Towle & Co. Increases Position in Chicago Bridge & Iron Company N.V. (CBI)

Towle & Co. raised its holdings in Chicago Bridge & Iron Company N.V. (NYSE:CBI) by 20.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,892,897 shares of the construction company’s stock after buying an additional 326,478 shares during the quarter. Chicago Bridge & Iron Company N.V. accounts for approximately 3.4% of Towle & Co.’s holdings, making the stock its 13th biggest holding. Towle & Co. owned approximately 1.87% of Chicago Bridge & Iron Company N.V. worth $31,801,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV bought a new stake in Chicago Bridge & Iron Company N.V. during the 2nd quarter worth approximately $1,453,000. Schwab Charles Investment Management Inc. increased its stake in Chicago Bridge & Iron Company N.V. by 8.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 442,309 shares of the construction company’s stock worth $13,602,000 after purchasing an additional 35,279 shares in the last quarter. Harbour Capital Advisors LLC increased its stake in Chicago Bridge & Iron Company N.V. by 1,873.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 49,325 shares of the construction company’s stock worth $2,500,000 after purchasing an additional 46,825 shares in the last quarter. BlackRock Inc. grew its stake in shares of Chicago Bridge & Iron Company N.V. by 51.9% during the 2nd quarter. BlackRock Inc. now owns 6,340,731 shares of the construction company’s stock worth $125,104,000 after acquiring an additional 2,165,509 shares in the last quarter. Finally, Century Capital Management LLC grew its stake in shares of Chicago Bridge & Iron Company N.V. by 60.2% during the 2nd quarter. Century Capital Management LLC now owns 113,077 shares of the construction company’s stock worth $2,231,000 after acquiring an additional 42,500 shares in the last quarter. 66.74% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on the company. Citigroup Inc. restated a “neutral” rating and issued a $20.00 price target (down previously from $23.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Tuesday, July 18th. Credit Suisse Group cut Chicago Bridge & Iron Company N.V. from an “outperform” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Monday, July 24th. ValuEngine upgraded Chicago Bridge & Iron Company N.V. from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Bank of America Corporation assumed coverage on Chicago Bridge & Iron Company N.V. in a research note on Monday, August 7th. They issued an “underperform” rating and a $14.00 price objective on the stock. Finally, Zacks Investment Research raised Chicago Bridge & Iron Company N.V. from a “sell” rating to a “hold” rating in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.79.

In other Chicago Bridge & Iron Company N.V. news, EVP Daniel M. Mccarthy sold 7,500 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $16.29, for a total transaction of $122,175.00. Following the sale, the executive vice president now directly owns 104,964 shares of the company’s stock, valued at approximately $1,709,863.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) traded down $0.03 on Friday, hitting $16.57. The stock had a trading volume of 1,145,300 shares, compared to its average volume of 3,193,353. Chicago Bridge & Iron Company N.V. has a 1 year low of $9.55 and a 1 year high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its quarterly earnings data on Monday, October 30th. The construction company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.19). Chicago Bridge & Iron Company N.V. had a negative return on equity of 10.86% and a negative net margin of 13.33%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the company earned $1.20 EPS. The firm’s revenue for the quarter was down 18.7% compared to the same quarter last year. sell-side analysts forecast that Chicago Bridge & Iron Company N.V. will post -1.91 EPS for the current year.

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About Chicago Bridge & Iron Company N.V.

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 Company N.V. (NYSE:CBI)

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