Insider Selling: Ronald Ballschmiede Sells 1,999 Shares of Chicago Bridge & Iron Company NV Stock (CBI)
Chicago Bridge & Iron Company NV (NYSE:CBI) CFO Ronald Ballschmiede sold 1,999 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $82.21, for a total transaction of $164,337.79. Following the completion of the transaction, the chief financial officer now directly owns 160,280 shares in the company, valued at approximately $13,176,619. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Chicago Bridge & Iron Company NV (NYSE:CBI) traded down 1.89% during mid-day trading on Thursday, hitting $81.57. The stock had a trading volume of 972,238 shares. Chicago Bridge & Iron Company NV has a 52 week low of $46.34 and a 52 week high of $83.17. The stock’s 50-day moving average is $78.31 and its 200-day moving average is $68.08. The company has a market cap of $8.769 billion and a price-to-earnings ratio of 25.10.
Chicago Bridge & Iron Company NV (NYSE:CBI) last announced its earnings results on Tuesday, October 29th. The company reported $1.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.10 by $0.02. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the company posted $0.82 earnings per share. Chicago Bridge & Iron Company NV’s revenue was up 106.8% compared to the same quarter last year. On average, analysts predict that Chicago Bridge & Iron Company NV will post $4.16 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on CBI shares. Analysts at Zacks reiterated a “neutral” rating on shares of Chicago Bridge & Iron Company NV in a research note to investors on Friday, December 27th. They now have a $86.00 price target on the stock. Separately, analysts at Stephens initiated coverage on shares of Chicago Bridge & Iron Company NV in a research note to investors on Thursday, December 19th. They set an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $82.00.
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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