California Public Employees Retirement System raised its holdings in shares of Chicago Bridge & Iron (NYSE:CBI) by 18.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 324,828 shares of the construction company’s stock after buying an additional 50,828 shares during the quarter. California Public Employees Retirement System owned about 0.32% of Chicago Bridge & Iron worth $5,457,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Chicago Bridge & Iron by 44.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 58,806 shares of the construction company’s stock valued at $988,000 after acquiring an additional 18,093 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Chicago Bridge & Iron by 313.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 37,104 shares of the construction company’s stock valued at $623,000 after acquiring an additional 28,126 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Chicago Bridge & Iron during the 3rd quarter valued at about $4,840,000. Caxton Associates LP acquired a new position in shares of Chicago Bridge & Iron during the 3rd quarter valued at about $420,000. Finally, Signia Capital Management LLC acquired a new position in shares of Chicago Bridge & Iron during the 3rd quarter valued at about $4,360,000. 70.70% of the stock is owned by institutional investors and hedge funds.

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Several research analysts have recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Chicago Bridge & Iron from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday, October 31st. Jefferies Group set a $15.00 target price on shares of Chicago Bridge & Iron and gave the company a “hold” rating in a research report on Tuesday, October 31st. MKM Partners cut shares of Chicago Bridge & Iron from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 3rd. Zacks Investment Research cut shares of Chicago Bridge & Iron from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 4th. Finally, Deutsche Bank cut shares of Chicago Bridge & Iron from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $19.07.

In other news, EVP Daniel M. Mccarthy sold 7,500 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $16.07, for a total transaction of $120,525.00. Following the sale, the executive vice president now owns 89,964 shares of the company’s stock, valued at $1,445,721.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Shares of Chicago Bridge & Iron (CBI) traded up $0.05 on Monday, hitting $21.05. 7,978,313 shares of the stock traded hands, compared to its average volume of 4,600,000. The firm has a market capitalization of $2,130.00, a PE ratio of -2.19, a PEG ratio of 1.15 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.

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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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