TIAA CREF Investment Management LLC Buys 37,408 Shares of Chicago Bridge & Iron (CBI)

TIAA CREF Investment Management LLC raised its stake in shares of Chicago Bridge & Iron (NYSE:CBI) by 11.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 365,831 shares of the construction company’s stock after buying an additional 37,408 shares during the period. TIAA CREF Investment Management LLC owned about 0.36% of Chicago Bridge & Iron worth $5,905,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CBI. American International Group Inc. raised its stake in shares of Chicago Bridge & Iron by 8.1% during the 3rd quarter. American International Group Inc. now owns 67,588 shares of the construction company’s stock valued at $1,135,000 after buying an additional 5,054 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Chicago Bridge & Iron by 23.4% during the 3rd quarter. Legal & General Group Plc now owns 122,711 shares of the construction company’s stock valued at $2,060,000 after buying an additional 23,238 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Chicago Bridge & Iron by 6.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 608,761 shares of the construction company’s stock valued at $10,228,000 after buying an additional 37,922 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Chicago Bridge & Iron during the 3rd quarter valued at about $4,840,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Chicago Bridge & Iron by 313.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 37,104 shares of the construction company’s stock valued at $623,000 after buying an additional 28,126 shares during the last quarter. Institutional investors and hedge funds own 63.74% of the company’s stock.

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Shares of Chicago Bridge & Iron stock opened at $14.13 on Tuesday. Chicago Bridge & Iron has a twelve month low of $9.55 and a twelve month high of $31.69.

Chicago Bridge & Iron (NYSE:CBI) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Chicago Bridge & Iron had a negative return on equity of 17.65% and a negative net margin of 20.60%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.77 billion. analysts anticipate that Chicago Bridge & Iron will post 1.94 EPS for the current fiscal year.

CBI has been the subject of a number of recent research reports. Robert W. Baird reiterated a “hold” rating and set a $16.00 price objective on shares of Chicago Bridge & Iron in a research note on Monday, April 9th. Deutsche Bank lowered Chicago Bridge & Iron from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Macquarie upgraded Chicago Bridge & Iron from an “underperform” rating to a “neutral” rating in a research note on Tuesday, December 19th. DA Davidson lowered Chicago Bridge & Iron from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Tuesday, December 19th. Finally, MKM Partners lowered Chicago Bridge & Iron from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 3rd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. Chicago Bridge & Iron currently has a consensus rating of “Hold” and an average price target of $17.29.

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Chicago Bridge & Iron 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.

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

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