Chicago Bridge & Iron Company N.V. (CBI) : Trust Co Of Oklahoma has sold out all of its stake in Chicago Bridge & Iron Company N.V. during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 6,500 shares of Chicago Bridge & Iron Company N.V. which is valued at $186,810.
Other Hedge Funds, Including , First Mercantile Trust Co sold out all of its stake in CBI during the most recent quarter. The investment firm sold 2,250 shares of CBI which is valued $64,665.Independent Portfolio Consultants boosted its stake in CBI in the latest quarter, The investment management firm added 5,900 additional shares and now holds a total of 43,260 shares of Chicago Bridge & Iron Company N.V. which is valued at $1,229,449. Chicago Bridge & Iron Company N.V. makes up approx 0.39% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CBI by selling 9,335 shares or 8.79% in the most recent quarter. The Hedge Fund company now holds 96,806 shares of CBI which is valued at $2,751,227. Chicago Bridge & Iron Company N.V. makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.
Chicago Bridge & Iron Company N.V. closed down -0.1 points or -0.35% at $28.74 with 22,51,598 shares getting traded on Friday. Post opening the session at $28.81, the shares hit an intraday low of $28.5 and an intraday high of $29.06 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Chicago Bridge & Iron Company N.V. reported $1.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $1.21. The company had revenue of $2695.62 million for the quarter, compared to analysts expectations of $2821.97 million. The company’s revenue was down -15.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.55 EPS.
Many Wall Street Analysts have commented on Chicago Bridge & Iron Company N.V.. Chicago Bridge & Iron Company N.V. was Downgraded by Johnson Rice to ” Hold” on Sep 21, 2016. Shares were Reiterated by MKM Partners on Jul 28, 2016 to “Buy” and Lowered the Price Target to $ 42 from a previous price target of $46 .Shares were Downgraded by Citigroup on Jul 25, 2016 to ” Neutral” and Lowered the Price Target to $ 38 from a previous price target of $48 .
Chicago Bridge and Iron Company N.V. (CBandI) provides a range of services to customers in the energy infrastructure market across the world. The Company also provides various Government services. CBandI operates through four segments: Engineering Construction and Maintenance which provides engineering procurement and construction (EPC) services for energy infrastructure facilities as well as integrated maintenance services; Fabrication Services which provides fabrication of piping systems process and nuclear modules; fabrication and erection of steel plate structures and manufacturing and distribution of pipe and fittings for various industries such as oil and gas mining mineral processing and power generation; Technology which provides licensed process technologies catalysts and engineered products and offers process planning and project development services and Environmental Solutions which provides environmental services for Government and private sector customers.