Factory Mutual Insurance Co. reduced its stake in Chicago Bridge & Iron (NYSE:CBI) by 38.2% during the 4th quarter, Holdings Channel reports. The firm owned 61,800 shares of the construction company’s stock after selling 38,200 shares during the period. Factory Mutual Insurance Co.’s holdings in Chicago Bridge & Iron were worth $997,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Energy Opportunities Capital Management LLC purchased a new position in Chicago Bridge & Iron in the third quarter valued at approximately $1,137,000. Barnett & Company Inc. increased its stake in Chicago Bridge & Iron by 33.9% in the third quarter. Barnett & Company Inc. now owns 133,215 shares of the construction company’s stock valued at $2,238,000 after purchasing an additional 33,695 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in Chicago Bridge & Iron in the third quarter valued at approximately $395,000. First Heartland Consultants Inc. increased its stake in Chicago Bridge & Iron by 54.4% in the third quarter. First Heartland Consultants Inc. now owns 111,861 shares of the construction company’s stock valued at $1,879,000 after purchasing an additional 39,400 shares during the last quarter. Finally, Griffin Asset Management Inc. purchased a new position in Chicago Bridge & Iron in the third quarter valued at approximately $246,000. Institutional investors own 70.97% of the company’s stock.

In other news, insider Daniel M. Mccarthy sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $15.34, for a total transaction of $115,050.00. Following the transaction, the insider now directly owns 97,464 shares in the company, valued at $1,495,097.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 22,500 shares of company stock worth $357,750. Insiders own 1.10% of the company’s stock.

Chicago Bridge & Iron (NYSE:CBI) opened at $18.92 on Wednesday. The stock has a market cap of $1,924.55, a P/E ratio of -1.80, a PEG ratio of 1.11 and a beta of 2.22. Chicago Bridge & Iron has a 1 year low of $9.55 and a 1 year high of $36.15.

Chicago Bridge & Iron (NYSE:CBI) last announced its earnings results on Monday, October 30th. The construction company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.19). The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Chicago Bridge & Iron had a negative return on equity of 10.86% and a negative net margin of 13.33%. The business’s revenue was down 18.7% on a year-over-year basis. During the same quarter last year, the business posted $1.20 earnings per share. analysts forecast that Chicago Bridge & Iron will post -1.98 EPS for the current fiscal year.

Several equities analysts have commented on CBI shares. Robert W. Baird reiterated a “hold” rating and issued a $10.00 price target on shares of Chicago Bridge & Iron in a research note on Sunday, October 22nd. Credit Suisse Group increased their price target on shares of Chicago Bridge & Iron from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. ValuEngine upgraded shares of Chicago Bridge & Iron from a “strong sell” rating to a “sell” rating in a research note on Friday, December 1st. Macquarie upgraded shares of Chicago Bridge & Iron from an “underperform” rating to a “neutral” rating in a research note on Tuesday, December 19th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $20.00 price target (up from $16.00) on shares of Chicago Bridge & Iron in a research note on Tuesday, October 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $19.43.

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About Chicago Bridge & Iron

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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