Chicago Bridge & Iron (CBI) Stake Raised by Global X Management Co. LLC

Global X Management Co. LLC raised its holdings in Chicago Bridge & Iron (NYSE:CBI) by 75.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,971 shares of the construction company’s stock after buying an additional 2,996 shares during the quarter. Global X Management Co. LLC’s holdings in Chicago Bridge & Iron were worth $113,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. First Trust Advisors LP grew its position in shares of Chicago Bridge & Iron by 23.3% in the 4th quarter. First Trust Advisors LP now owns 21,994 shares of the construction company’s stock worth $355,000 after buying an additional 4,159 shares during the last quarter. Alpine Associates Management Inc. bought a new stake in shares of Chicago Bridge & Iron in the 4th quarter worth approximately $3,825,000. Candriam Luxembourg S.C.A. bought a new stake in shares of Chicago Bridge & Iron in the 4th quarter worth approximately $211,000. Sterneck Capital Management LLC grew its position in shares of Chicago Bridge & Iron by 54.4% in the 4th quarter. Sterneck Capital Management LLC now owns 95,892 shares of the construction company’s stock worth $1,548,000 after buying an additional 33,790 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Chicago Bridge & Iron by 14.8% in the 4th quarter. Swiss National Bank now owns 194,019 shares of the construction company’s stock worth $3,131,000 after buying an additional 25,000 shares during the last quarter. Hedge funds and other institutional investors own 64.48% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. KeyCorp upgraded Chicago Bridge & Iron to an “overweight” rating and set a $14.00 price objective on the stock in a research report on Wednesday, January 24th. Zacks Investment Research lowered Chicago Bridge & Iron from a “hold” rating to a “sell” rating in a research report on Thursday, February 1st. ValuEngine lowered Chicago Bridge & Iron from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Macquarie upgraded Chicago Bridge & Iron from an “underperform” rating to a “neutral” rating in a research report on Tuesday, December 19th. Finally, DA Davidson lowered Chicago Bridge & Iron from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Tuesday, December 19th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. Chicago Bridge & Iron presently has a consensus rating of “Hold” and a consensus price target of $19.07.




In other Chicago Bridge & Iron news, EVP Daniel M. Mccarthy sold 7,500 shares of Chicago Bridge & Iron stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $16.07, for a total transaction of $120,525.00. Following the completion of the transaction, the executive vice president now owns 89,964 shares in the company, valued at $1,445,721.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

Shares of Chicago Bridge & Iron (NYSE:CBI) opened at $18.11 on Friday. Chicago Bridge & Iron has a 1 year low of $9.55 and a 1 year high of $34.61. The firm has a market capitalization of $1,833.44, a P/E ratio of -1.26, a P/E/G ratio of 0.97 and a beta of 2.41.

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Chicago Bridge & Iron Profile

Chicago Bridge & Iron Company N.V. provides services to customers in energy infrastructure market. The Company provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

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Institutional Ownership by Quarter for Chicago Bridge & Iron (NYSE:CBI)

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