Chicago Bridge & Iron Company NV COO Sells $1,612,500 in Stock (CBI)
Chicago Bridge & Iron Company NV (NYSE:CBI) COO Lasse Petterson unloaded 25,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $64.50, for a total transaction of $1,612,500.00. Following the completion of the sale, the chief operating officer now directly owns 69,503 shares in the company. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on CBI. Analysts at Goldman Sachs Group Inc. downgraded shares of Chicago Bridge & Iron Company NV (NYSE:CBI) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 4th. They now have a $68.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Chicago Bridge & Iron Company NV (NYSE:CBI) from $65.00 to $69.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse cut their price target on shares of Chicago Bridge & Iron Company NV (NYSE:CBI) from $60.00 to $59.00 in a research note to investors on Thursday, August 1st.
One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Chicago Bridge & Iron Company NV presently has an average rating of “Buy” and an average target price of $69.00.
Chicago Bridge & Iron Company NV (NYSE:CBI) traded down 1.31% during mid-day trading on Friday, hitting $63.50. 576,907 shares of the company’s stock traded hands. Chicago Bridge & Iron Company NV has a one year low of $36.60 and a one year high of $64.91. The stock’s 50-day moving average is $60.53 and its 200-day moving average is $58.86. The company has a market cap of $6.814 billion and a P/E ratio of 21.20.
Chicago Bridge & Iron Company NV (NYSE:CBI) last released its earnings data on Tuesday, July 30th. The company reported $1.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.03 by $0.01. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the company posted $0.74 earnings per share. Chicago Bridge & Iron Company NV’s revenue was up 119.3% compared to the same quarter last year.
The company also recently announced a special dividend, which is scheduled for Monday, September 30th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, September 18th.
Chicago Bridge & Iron Company N.V. (NYSE:CBI) is one of the integrated engineering, procurement and construction (EPC) services providers and process technology licensors, delivering solutions to customers primarily in the energy, petrochemical and natural resource industries.
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