Chicago Bridge & Iron Company (CBI) Holder Towle & Co Has Upped Stake by $5.22 Million

January 15, 2018 - By Clifton Ray

Investors sentiment decreased to 0.72 in Q3 2017. Its down 0.18, from 0.9 in 2017Q2. It dropped, as 71 investors sold CBI shares while 83 reduced holdings. 49 funds opened positions while 62 raised stakes. 66.18 million shares or 0.62% less from 66.59 million shares in 2017Q2 were reported. Cibc World holds 0.01% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 88,554 shares. Retail Bank Of Ny Mellon Corporation invested in 449,630 shares. Swiss Financial Bank stated it has 169,019 shares or 0% of all its holdings. Ftb Advsrs owns 216 shares. Janney Montgomery Scott Lc reported 0.03% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Usca Ria Lc invested 0.25% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Point72 Asia (Hong Kong) Limited has invested 0% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Benjamin F Edwards & Com Incorporated invested 0.03% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Focused Wealth Incorporated reported 2,250 shares. Invesco Limited has invested 0% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Susquehanna Intll Group Llp reported 1.44M shares stake. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt Corporation holds 29,000 shares or 0% of its portfolio. Monroe Bancshares Mi reported 0.01% stake. Glenmede Na holds 0% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 10 shares. Legal General Gp Inc Public Limited Co holds 122,711 shares.

Since September 20, 2017, it had 0 buys, and 3 insider sales for $363,000 activity.

Towle & Co increased its stake in Chicago Bridge & Iron Company (CBI) by 20.84% based on its latest 2017Q3 regulatory filing with the SEC. Towle & Co bought 326,478 shares as the company’s stock declined 38.73% while stock markets rallied. The institutional investor held 1.89 million shares of the engineering & construction company at the end of 2017Q3, valued at $31.80 million, up from 1.57 million at the end of the previous reported quarter. Towle & Co who had been investing in Chicago Bridge & Iron Company for a number of months, seems to be bullish on the $1.93B market cap company. The stock increased 1.71% or $0.32 during the last trading session, reaching $19.01. About 2.55M shares traded. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 42.76% since January 15, 2017 and is downtrending. It has underperformed by 59.46% the S&P500.

More news for Chicago Bridge & Iron Company N.V. (NYSE:CBI) were recently published by: Nasdaq.com, which released: “McDermott Inks $6B Merger Deal With Chicago Bridge & Iron” on December 19, 2017. Streetinsider.com‘s article titled: “Form 425 CHICAGO BRIDGE & IRON Filed by: CHICAGO BRIDGE & IRON CO NV” and published on December 19, 2017 is yet another important article.

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

Among 17 analysts covering Chicago Bridge & Iron Company (NYSE:CBI), 6 have Buy rating, 1 Sell and 10 Hold. Therefore 35% are positive. Chicago Bridge & Iron Company had 49 analyst reports since August 14, 2015 according to SRatingsIntel. The company was maintained on Friday, September 15 by Robert W. Baird. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, August 22 report. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) earned “Buy” rating by Vetr on Tuesday, August 18. The rating was reinitiated by M Partners with “Buy” on Wednesday, June 29. Zacks upgraded Chicago Bridge & Iron Company N.V. (NYSE:CBI) rating on Monday, August 17. Zacks has “Hold” rating and $58 target. Credit Suisse maintained it with “Buy” rating and $2100 target in Monday, July 3 report. The stock has “Buy” rating by Argus Research on Wednesday, December 7. As per Wednesday, November 1, the company rating was maintained by UBS. As per Thursday, August 10, the company rating was maintained by Macquarie Research. The company was downgraded on Friday, August 21 by Zacks.

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