Chicago Bridge & Iron Company N.V. (NYSE:CBI) was the target of some unusual options trading on Wednesday. Stock traders purchased 896 call options on the company. This represents an increase of approximately 197% compared to the average daily volume of 302 call options.

Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) opened at 14.14 on Friday. The company’s market cap is $1.43 billion. The stock has a 50 day moving average price of $14.11 and a 200-day moving average price of $22.09. Chicago Bridge & Iron Company N.V. has a 1-year low of $9.55 and a 1-year high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last posted its quarterly earnings results on Wednesday, August 9th. The construction company reported ($2.96) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by $3.81. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $2.49 billion. Chicago Bridge & Iron Company N.V. had a negative net margin of 10.54% and a negative return on equity of 3.92%. The business’s revenue for the quarter was down 40.6% compared to the same quarter last year. During the same period last year, the company earned $1.17 EPS. Analysts predict that Chicago Bridge & Iron Company N.V. will post ($1.83) earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers acquired a new position in shares of Chicago Bridge & Iron Company N.V. in the 2nd quarter valued at $761,000. Sterneck Capital Management LLC acquired a new position in shares of Chicago Bridge & Iron Company N.V. in the 2nd quarter valued at $1,657,000. Koch Industries Inc. acquired a new position in shares of Chicago Bridge & Iron Company N.V. in the 2nd quarter valued at $314,000. Verition Fund Management LLC acquired a new position in shares of Chicago Bridge & Iron Company N.V. in the 2nd quarter valued at $467,000. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of Chicago Bridge & Iron Company N.V. by 1,648.8% in the 2nd 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 period. 63.81% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on CBI shares. Deutsche Bank AG restated a “buy” rating on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, June 28th. UBS AG restated a “buy” rating and set a $21.00 price objective (down previously from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, May 24th. MKM Partners restated a “buy” rating and set a $34.00 price objective (down previously from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, May 19th. Vertical Research restated a “buy” rating and set a $45.00 price objective on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, June 30th. Finally, Credit Suisse Group set a $21.00 price objective on Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a research report on Tuesday, July 4th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $24.10.

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Chicago Bridge & Iron Company N.V. Company 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.

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