Fagan Associates Inc. Acquires New Position in Chicago Bridge & Iron (CBI)

Fagan Associates Inc. acquired a new stake in Chicago Bridge & Iron (NYSE:CBI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,680 shares of the construction company’s stock, valued at approximately $737,000.

A number of other large investors have also added to or reduced their stakes in CBI. Global X Management Co. LLC grew its position in shares of Chicago Bridge & Iron by 75.4% in the fourth quarter. Global X Management Co. LLC now owns 6,971 shares of the construction company’s stock valued at $113,000 after purchasing an additional 2,996 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Chicago Bridge & Iron by 1,648.8% in the second quarter. Ameritas Investment Partners Inc. now owns 8,849 shares of the construction company’s stock valued at $175,000 after purchasing an additional 8,343 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new position in shares of Chicago Bridge & Iron in the third quarter valued at approximately $176,000. Cubist Systematic Strategies LLC acquired a new position in shares of Chicago Bridge & Iron in the second quarter valued at approximately $177,000. Finally, Wedbush Securities Inc. acquired a new position in shares of Chicago Bridge & Iron in the third quarter valued at approximately $196,000. Hedge funds and other institutional investors own 67.67% of the company’s stock.

Shares of Chicago Bridge & Iron (CBI) opened at $18.46 on Thursday. Chicago Bridge & Iron has a 12 month low of $9.55 and a 12 month high of $36.15. The firm has a market capitalization of $1,870.00, a price-to-earnings ratio of -5.34, a price-to-earnings-growth ratio of 1.01 and a beta of 2.40.

In other Chicago Bridge & Iron news, EVP Daniel M. Mccarthy sold 7,500 shares of the company’s 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 sale, the executive vice president now directly owns 89,964 shares in the company, valued at $1,445,721.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

CBI has been the topic of several research reports. ValuEngine raised Chicago Bridge & Iron from a “strong sell” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research raised Chicago Bridge & Iron from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Credit Suisse Group upped their target price on Chicago Bridge & Iron from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. UBS Group upped their target price on Chicago Bridge & Iron from $13.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $10.00 target price on shares of Chicago Bridge & Iron in a research report on Sunday, October 22nd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. Chicago Bridge & Iron has a consensus rating of “Hold” and an average target price of $19.07.

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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.

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

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