Price Action to Note: What’s Propelling Chicago Bridge & Iron Company N.V. to Increase So Much?

Price Action to Note: What's Propelling Chicago Bridge & Iron Company N.V. to Increase So Much?

The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) is a huge mover today! About 3.09M shares traded hands or 60.10% up from the average. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 12.04% since April 20, 2016 and is downtrending. It has underperformed by 16.60% the S&P500.
The move comes after 5 months positive chart setup for the $3.44 billion company. It was reported on Nov, 22 by Barchart.com. We have $34.89 PT which if reached, will make NYSE:CBI worth $103.20M more.

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

Out of 9 analysts covering Chicago Bridge & Iron Company (NYSE:CBI), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. Chicago Bridge & Iron Company has been the topic of 20 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Zacks upgraded it to “Hold” rating and $58 target price in Monday, August 17 report. The firm has “Outperform” rating given on Monday, September 26 by Credit Suisse. The firm earned “Buy” rating on Friday, August 21 by Zacks. The stock has “Buy” rating given by Tudor Pickering on Wednesday, October 28. The rating was downgraded by Johnson Rice to “Hold” on Wednesday, September 21. Vetr upgraded the stock to “Buy” rating in Tuesday, August 18 report. Zacks upgraded Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Wednesday, August 26 to “Hold” rating. Robert W. Baird downgraded Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Friday, July 22 to “Neutral” rating. On Wednesday, October 28 the stock rating was upgraded by Credit Suisse to “Outperform”. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) has “Buy” rating given on Wednesday, September 2 by Zacks.

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.”

Insitutional Activity: The institutional sentiment increased to 0.77 in 2016 Q2. Its up 0.18, from 0.59 in 2016Q1. The ratio is positive, as 80 funds sold all Chicago Bridge & Iron Company N.V. shares owned while 156 reduced positions. 35 funds bought stakes while 105 increased positions. They now own 67.35 million shares or 2.11% less from 68.80 million shares in 2016Q1.
Patten And Patten Tn accumulated 0.05% or 11,085 shares. Natixis last reported 0.01% of its portfolio in the stock. Barnett & owns 50,715 shares or 0.98% of their US portfolio. Edgemoor Invest Advisors Incorporated owns 201,196 shares or 1.1% of their US portfolio. Blackrock Advsrs Ltd, a Delaware-based fund reported 56,294 shares. Highbridge Management Ltd Liability Corp reported 7,496 shares or 0% of all its holdings. Goldman Sachs Gp reported 1.44 million shares or 0.02% of all its holdings. Moreover, Minneapolis Port Mgmt Ltd Co has 4.66% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 748,084 shares. Moreover, Brandywine Glob Investment Management Ltd Liability Company has 0.39% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 1.68 million shares. Lpl Finance Limited Liability Com, a California-based fund reported 93,210 shares. Comm Comml Bank holds 6,300 shares or 0% of its portfolio. The Pennsylvania-based First Trust Co has invested 0.05% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Chou Assoc Mngmt last reported 67,446 shares in the company. Retail Bank Of America Corporation De has 0.01% invested in the company for 1.11 million shares. Finemark Natl Bank & Tru accumulated 207 shares or 0% of the stock.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 6 insider sales for $16.28 million net activity. Another trade for 53,400 shares valued at $1.82 million was sold by ASHERMAN PHILIP K. 18,567 Chicago Bridge & Iron Company N.V. (NYSE:CBI) shares with value of $538,257 were sold by MULLEN PATRICK K. Stockton Westley S. also sold $60,411 worth of Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Tuesday, May 31. Shares for $102,638 were sold by BAILEY BETH A.

More recent Chicago Bridge & Iron Company N.V. (NYSE:CBI) news were published by: Fool.com which released: “Why Chicago Bridge & Iron Company NV Just Jumped the Fence” on October 28, 2016. Also Businesswire.com published the news titled: “Significant Chicago Bridge & Iron Company N.V. Shareholder, Cohen Capital …” on August 24, 2016. Nasdaq.com‘s news article titled: “Chicago Bridge & Iron Co Nv (CBI) President and CEO Philip K Asherman Sold $8. …” with publication date: August 23, 2016 was also an interesting one.

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.

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