Today’s Ownership Action: Chicago Bridge & Iron Co N V Institutional Investor Sentiment Worsened in Q2 2016

November 28, 2016 - By Clifton Ray   ·   0 Comments

Today's Ownership Action: Chicago Bridge & Iron Co N V Institutional Investor Sentiment  Worsened in  Q2 2016

Sentiment for Chicago Bridge & Iron Co N V (NYSE:CBI)

Chicago Bridge & Iron Co N V (NYSE:CBI) institutional sentiment increased to 0.77 in 2016 Q2. Its up 0.18, from 0.59 in 2016Q1. The ratio is positive, as 140 active investment managers increased or started new equity positions, while 236 reduced and sold holdings in Chicago Bridge & Iron Co N V. The active investment managers in our partner’s database reported: 67.35 million shares, down from 68.80 million shares in 2016Q1. Also, the number of active investment managers holding Chicago Bridge & Iron Co N V in their top 10 equity positions decreased from 7 to 6 for a decrease of 1. Sold All: 80 Reduced: 156 Increased: 105 New Position: 35.

Chicago Bridge & Iron Company N.V. provides a range of services to clients in the energy infrastructure market across the world. The company has a market cap of $3.32 billion. The Firm provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services. It has a 12.09 P/E ratio. It operates through four divisions.

About 277,421 shares traded hands. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 14.19% since April 25, 2016 and is downtrending. It has underperformed by 20.21% the S&P500.

Analysts await Chicago Bridge & Iron Company N.V. (NYSE:CBI) to report earnings on February, 23. They expect $1.45 EPS, down 7.05% or $0.11 from last year’s $1.56 per share. CBI’s profit will be $144.96 million for 5.73 P/E if the $1.45 EPS becomes a reality. After $1.20 actual EPS reported by Chicago Bridge & Iron Company N.V. for the previous quarter, Wall Street now forecasts 20.83% EPS growth.

According to Zacks Investment Research, “Chicago Bridge & Iron Company N.V. designs, builds, repairs and modifies steel tanks and other steel plate structures and associated systems. The Company designs and builds petroleum terminals, refinery pressure vessels, low temperature and cryogenic storage facilities and elevated water storage tanks for clients internationally.”

Southernsun Asset Management Llc holds 5.4% of its portfolio in Chicago Bridge & Iron Company N.V. for 5.94 million shares. Minneapolis Portfolio Management Group Llc owns 748,084 shares or 4.66% of their US portfolio. Moreover, Sandhill Capital Partners Llc has 3.5% invested in the company for 322,648 shares. The Nebraska-based Lawson Kroeker Investment Management Inc Ne has invested 3.27% in the stock. Towle & Co, a Missouri-based fund reported 472,604 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 5 selling transactions for $16.22 million net activity.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) Ratings Coverage

Ratings analysis reveals 78% of Chicago Bridge & Iron Company’s analysts are positive. Out of 9 Wall Street analysts rating Chicago Bridge & Iron Company, 7 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $37 while the high is $60. The stock’s average target of $50.13 is 50.99% above today’s ($33.2) share price. CBI was included in 20 notes of analysts from August 14, 2015. The firm earned “Hold” rating on Monday, August 17 by Zacks. On Friday, November 13 the stock rating was initiated by Citigroup with “Buy”. Robert W. Baird downgraded the stock to “Neutral” rating in Friday, July 22 report. Zacks upgraded Chicago Bridge & Iron Company N.V. (NYSE:CBI) rating on Wednesday, August 26. Zacks has “Hold” rating and $44 price target. Tudor Pickering upgraded the stock to “Buy” rating in Wednesday, October 28 report. As per Friday, November 6, the company rating was maintained by Cowen & Co. Johnson Rice downgraded the stock to “Hold” rating in Wednesday, September 21 report. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) earned “Buy” rating by Vetr on Tuesday, August 18. As per Wednesday, June 29, the company rating was reinitiated by M Partners. Credit Suisse maintained the stock with “Outperform” rating in Monday, September 26 report.

CBI Company Profile

Chicago Bridge & Iron Company N.V. (CB&I), incorporated in 1889, provides a range of services to clients in the energy infrastructure market across the world. The Firm provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services, and also provides various Government services. The Firm operates through four divisions: Engineering and Construction, Fabrication Services, Technology and Capital Services.

More recent Chicago Bridge & Iron Company N.V. (NYSE:CBI) news were published by: Investorplace.com which released: “Hottest Construction Stocks Now – DY” on March 27, 2014. Also Businesswire.com published the news titled: “Significant Chicago Bridge & Iron Company N.V. Shareholder, Cohen Capital …” on August 24, 2016. Seekingalpha.com‘s news article titled: “Chicago Bridge & Iron NV (CBI) Q3 2016 Results – Earnings Call Transcript” with publication date: October 28, 2016 was also an interesting one.

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By Clifton Ray


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