Cheviot Value Management Lowers stake in Chicago Bridge & Iron Company N.V. (CBI)

Chicago Bridge & Iron Company N.V. (CBI) : Cheviot Value Management reduced its stake in Chicago Bridge & Iron Company N.V. by 4.78% during the most recent quarter end. The investment management company now holds a total of 33,767 shares of Chicago Bridge & Iron Company N.V. which is valued at $1.2 Million after selling 1,695 shares in Chicago Bridge & Iron Company N.V. , the firm said in a disclosure report filed with the SEC on May 13, 2016.Chicago Bridge & Iron Company N.V. makes up approximately 0.76% of Cheviot Value Management’s portfolio.

Other Hedge Funds, Including , Riverhead Capital Management added CBI to its portfolio by purchasing 85,855 company shares during the most recent quarter which is valued at $3.2 Million. Chicago Bridge & Iron Company N.V. makes up approx 0.05% of Riverhead Capital Management’s portfolio.Twin Capital Management Inc reduced its stake in CBI by selling 130 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 38,450 shares of CBI which is valued at $1.4 Million. Chicago Bridge & Iron Company N.V. makes up approx 0.11% of Twin Capital Management Inc’s portfolio.Moors Cabot reduced its stake in CBI by selling 3,200 shares or 16.88% in the most recent quarter. The Hedge Fund company now holds 15,752 shares of CBI which is valued at $580,934. Chicago Bridge & Iron Company N.V. makes up approx 0.10% of Moors Cabot’s portfolio.Arcadia Investment Management Corpmi reduced its stake in CBI by selling 1,995 shares or 1.88% in the most recent quarter. The Hedge Fund company now holds 104,162 shares of CBI which is valued at $4.2 Million. Chicago Bridge & Iron Company N.V. makes up approx 1.38% of Arcadia Investment Management Corpmi’s portfolio.

Chicago Bridge & Iron Company N.V. opened for trading at $36.49 and hit $37.72 on the upside on Wednesday, eventually ending the session at $37.48, with a gain of 3.74% or 1.35 points. The heightened volatility saw the trading volume jump to 15,49,334 shares. Company has a market cap of $3,946 M.

On the company’s financial health, Chicago Bridge & Iron Company N.V. reported $1.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $1.12. The company had revenue of $2667.70 million for the quarter, compared to analysts expectations of $2813.15 million. The company’s revenue was down -14.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.21 EPS.

Many Wall Street Analysts have commented on Chicago Bridge & Iron Company N.V.. Chicago Bridge & Iron Company N.V. was Upgraded by Johnson Rice to ” Buy” on May 16, 2016.

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.

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