Formidable Asset Management buys $2,123,782 stake in Chicago Bridge & Iron Company N.V. (CBI)

Chicago Bridge & Iron Company N.V. (CBI) : Formidable Asset Management scooped up 59,302 additional shares in Chicago Bridge & Iron Company N.V. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 63,302 shares of Chicago Bridge & Iron Company N.V. which is valued at $2,123,782.Chicago Bridge & Iron Company N.V. makes up approximately 1.17% of Formidable Asset Management’s portfolio.

Other Hedge Funds, Including , Motley Fool Wealth Management boosted its stake in CBI in the latest quarter, The investment management firm added 5,540 additional shares and now holds a total of 81,860 shares of Chicago Bridge & Iron Company N.V. which is valued at $2,746,403. Chicago Bridge & Iron Company N.V. makes up approx 0.29% of Motley Fool Wealth Management’s portfolio.Dynamic Technology Lab Private Ltd boosted its stake in CBI in the latest quarter, The investment management firm added 24,935 additional shares and now holds a total of 32,547 shares of Chicago Bridge & Iron Company N.V. which is valued at $1,091,952. Chicago Bridge & Iron Company N.V. makes up approx 0.28% of Dynamic Technology Lab Private Ltd’s portfolio. I.g. Investment Management Ltd. sold out all of its stake in CBI during the most recent quarter. The investment firm sold 28,900 shares of CBI which is valued $997,628.Cwm reduced its stake in CBI by selling 3,020 shares or 3.26% in the most recent quarter. The Hedge Fund company now holds 89,648 shares of CBI which is valued at $3,223,742. Chicago Bridge & Iron Company N.V. makes up approx 0.23% of Cwm’s portfolio.

Chicago Bridge & Iron Company N.V. closed down -0.19 points or -0.61% at $30.98 with 15,29,900 shares getting traded on Monday. Post opening the session at $31.16, the shares hit an intraday low of $30.81 and an intraday high of $31.31 and the price fluctuated in this range throughout the day.Shares ended Monday 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.. 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 .Shares were Downgraded by Robert W. Baird on Jul 22, 2016 to ” Neutral” and Lowered the Price Target to $ 40 from a previous price target of $45 .

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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