Seizert Capital Partners Lowers stake in Chicago Bridge & Iron Company N.V. (CBI)

Chicago Bridge & Iron Company N.V. (CBI) : Seizert Capital Partners reduced its stake in Chicago Bridge & Iron Company N.V. by 10.07% during the most recent quarter end. The investment management company now holds a total of 1,629,342 shares of Chicago Bridge & Iron Company N.V. which is valued at $60.1 Million after selling 182,502 shares in Chicago Bridge & Iron Company N.V. , the firm said in a disclosure report filed with the SEC on May 11, 2016.Chicago Bridge & Iron Company N.V. makes up approximately 2.09% of Seizert Capital Partners’s portfolio.

Other Hedge Funds, Including , Mufg Americas Holdings Corp reduced its stake in CBI by selling 295 shares or 30.1% in the most recent quarter. The Hedge Fund company now holds 685 shares of CBI which is valued at $25,263.Fishman Jay A Ltdmi boosted its stake in CBI in the latest quarter, The investment management firm added 850 additional shares and now holds a total of 6,500 shares of Chicago Bridge & Iron Company N.V. which is valued at $239,720. Chicago Bridge & Iron Company N.V. makes up approx 0.06% of Fishman Jay A Ltdmi’s portfolio. Roble Belko Company Inc added CBI to its portfolio by purchasing 70 company shares during the most recent quarter which is valued at $2,582.Sandy Spring Bank boosted its stake in CBI in the latest quarter, The investment management firm added 850 additional shares and now holds a total of 28,401 shares of Chicago Bridge & Iron Company N.V. which is valued at $1.1 Million. Chicago Bridge & Iron Company N.V. makes up approx 0.12% of Sandy Spring Bank’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in CBI by selling 25,000 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 50,000 shares of CBI which is valued at $2 Million. Chicago Bridge & Iron Company N.V. makes up approx 0.01% of State Of New Jersey Common Pension Fund D’s portfolio.

Chicago Bridge & Iron Company N.V. opened for trading at $37.3 and hit $38.57 on the upside on Monday, eventually ending the session at $37.76, with a gain of 2.39% or 0.88 points. The heightened volatility saw the trading volume jump to 16,66,277 shares. Company has a market cap of $3,975 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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