Economy

Chicago Bridge & Iron (NYSE:CBI) Cut to Hold at Deutsche Bank

Chicago Bridge & Iron (NYSE:CBI) Cut to Hold at Deutsche Bank

2,549,699 shares of the company's stock traded hands, compared to its average volume of 4,743,336. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) has "Hold" rating given on Wednesday, September 21 by Johnson Rice. It has underperformed by 59.46% the S&P500.

Hikari Power Ltd decreased its stake in Chicago Bridge &Iron Company (CBI) by 58.11% based on its latest 2017Q3 regulatory filing with the SEC. State Street Corp now owns 4,059,198 shares of the construction company's stock worth $80,086,000 after acquiring an additional 2,616,783 shares in the last quarter. The institutional investor held 341,148 shares of the industrial machinery and components company at the end of 2017Q3, valued at $5.97 million, up from 288,676 at the end of the previous reported quarter. The firm has a market cap of $1,930.00, a PE ratio of -1.98, a P/E/G ratio of 1.09 and a beta of 2.22. The stock increased 2.23% or $28.52 during the last trading session, reaching $1305.2. About 1.44M shares traded. SkyWest, Inc. (NASDAQ:SKYW) has risen 48.17% since January 13, 2017 and is uptrending. It has outperformed by 20.71% the S&P500. Following the completion of the sale, the insider now directly owns 97,464 shares in the company, valued at approximately $1,495,097.76.

Investors sentiment decreased to 0.72 in 2017 Q3. Its up 0.31, from 0.74 in 2017Q2. It turned negative, as 21 investors sold MRC shares while 56 reduced holdings. 49 funds opened positions while 62 raised stakes.

Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management, and environmental services worldwide.

Chicago Bridge & Iron Company N.V. provides services to customers in energy infrastructure market. Parametric Associates Ltd Liability Corporation invested in 0.03% or 649,601 shares.

Chicago Bridge & Iron (NYSE:CBI) last posted its quarterly earnings results on Monday, October 30th. Rhumbline Advisers holds 0% or 123,110 shares. Sir Cap Mgmt Lp holds 452,443 shares. Blackrock Incorporated has 6.44 million shares. Hawkins Limited Partnership reported 1.46% in Apache Corporation (NYSE:APA).

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Cooper Creek Partners Management Llc holds 7.81% of its portfolio in Chicago Bridge & Iron Company N.V. for 784,195 shares. (NYSE:DVA). Sumitomo Mitsui Asset Management Limited has invested 0.01% in DaVita Inc. (NASDAQ:SKYW). M&T Commercial Bank reported 6,238 shares stake.

Since January 1, 0001, it had 0 insider purchases, and 3 selling transactions for $363,000 activity. The firm's revenue was down 18.7% compared to the same quarter last year. analysts predict that Chicago Bridge & Iron will post -1.98 earnings per share for the current fiscal year. Therefore 19% are positive.

In other Chicago Bridge & Iron news, EVP Daniel M. Mccarthy sold 7,500 shares of the business's stock in a transaction that occurred on Friday, October 20th. KeyCorp restated a "hold" rating on shares of Chicago Bridge & Iron in a report on Friday, September 22nd. Geode Cap Mngmt Limited Liability Corp reported 0.01% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Bank of America set a $10.00 price target on Chicago Bridge & Iron and gave the stock a sell rating in a research note on Wednesday, August 30th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. Maxim Group maintained the stock with "Buy" rating in Thursday, August 6 report. As per Wednesday, September 16, the company rating was initiated by JP Morgan. On Monday, October 9 the stock rating was maintained by Robert W. Baird with "Hold". The company was downgraded on Wednesday, August 16 by Jefferies.

Investors sentiment increased to 1.05 in Q3 2017. Its down 0.10, from 1.36 in 2017Q2. It increased, as 60 investors sold APA shares while 202 reduced holdings. 127 funds opened positions while 657 raised stakes. Phocas Financial reported 291,746 shares. 336,400 were accumulated by State Common Retirement Fund. Liberty Mutual Asset Management Inc has 0.02% invested in DaVita Inc. (NASDAQ:MCHP) by 4,967 shares to 88,753 shares, valued at $7.97M in 2017Q3, according to the filing. Paradigm Advsr Ltd Company has 357 shares. Sigma Planning, a Michigan-based fund reported 25,356 shares. Ameriprise Financial invested in 0% or 92,482 shares. Westpac Bk holds 0.01% or 8,943 shares. Stock Yards Bancorp & Tru, a Kentucky-based fund reported 11,881 shares. Howe & Rusling, New York-based fund reported 40 shares. Pnc Services has invested 0% of its portfolio in MRC Global Inc. Brandywine Inv Management Lc has invested 0.06% of its portfolio in SkyWest, Inc. California-based California Public Employees Retirement Sys has invested 0.01% in SkyWest, Inc. Cambridge Invest Advisors owns 23,281 shares.

Towle & Co, which manages about $544.94 million and $940.06M US Long portfolio, upped its stake in Fiat Chrysler Automobiles by 128,043 shares to 3.10 million shares, valued at $55.46M in 2017Q3, according to the filing. Therefore 54% are positive. Chicago Bridge & Iron Company had 49 analyst reports since August 14, 2015 according to SRatingsIntel. Credit Suisse has "Outperform" rating and $37 target. The stock has "Hold" rating by BMO Capital Markets on Tuesday, October 10. (NYSE:MRC) earned "Sector Perform" rating by KeyBanc Capital Markets on Monday, November 9. As per Friday, October 20, the company rating was maintained by Robert W. Baird. As per Tuesday, December 19, the company rating was downgraded by DA Davidson.


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