Cheviot Value Management Lowers stake in Chicago Bridge & Iron Company N.V. (CBI)

Chicago Bridge & Iron Company N.V. (CBI) : Cheviot Value Management reduced its stake in Chicago Bridge & Iron Company N.V. by 6.84% during the most recent quarter end. The investment management company now holds a total of 31,457 shares of Chicago Bridge & Iron Company N.V. which is valued at $1,055,382 after selling 2,310 shares in Chicago Bridge & Iron Company N.V. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Chicago Bridge & Iron Company N.V. makes up approximately 0.60% of Cheviot Value Management’s portfolio.

Other Hedge Funds, Including , Columbia Partners L L C Investment Management reduced its stake in CBI by selling 231 shares or 1.0% in the most recent quarter. The Hedge Fund company now holds 22,947 shares of CBI which is valued at $769,872. Chicago Bridge & Iron Company N.V. makes up approx 0.05% of Columbia Partners L L C Investment Management’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in CBI in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 10,325 shares of Chicago Bridge & Iron Company N.V. which is valued at $345,475. Chicago Bridge & Iron Company N.V. makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio.Whittier Trust Co Of Nevada Inc reduced its stake in CBI by selling 1,426 shares or 79.84% in the most recent quarter. The Hedge Fund company now holds 360 shares of CBI which is valued at $12,172.

Chicago Bridge & Iron Company N.V. closed down -0.17 points or -0.57% at $29.61 with 14,49,743 shares getting traded on Thursday. Post opening the session at $29.76, the shares hit an intraday low of $29.23 and an intraday high of $30.005 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Chicago Bridge & Iron Company N.V. reported $1.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $1.21. The company had revenue of $2695.62 million for the quarter, compared to analysts expectations of $2821.97 million. The company’s revenue was down -15.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.55 EPS.

Many Wall Street Analysts have commented on Chicago Bridge & Iron Company N.V.. Shares were Reiterated by MKM Partners on Jul 28, 2016 to “Buy” and Lowered the Price Target to $ 42 from a previous price target of $46 .Shares were Downgraded by Citigroup on Jul 25, 2016 to ” Neutral” and Lowered the Price Target to $ 38 from a previous price target of $48 .Shares were Downgraded by Robert W. Baird on Jul 22, 2016 to ” Neutral” and Lowered the Price Target to $ 40 from a previous price target of $45 .

Chicago Bridge and Iron Company N.V. (CBandI) provides a range of services to customers in the energy infrastructure market across the world. The Company also provides various Government services. CBandI operates through four segments: Engineering Construction and Maintenance which provides engineering procurement and construction (EPC) services for energy infrastructure facilities as well as integrated maintenance services; Fabrication Services which provides fabrication of piping systems process and nuclear modules; fabrication and erection of steel plate structures and manufacturing and distribution of pipe and fittings for various industries such as oil and gas mining mineral processing and power generation; Technology which provides licensed process technologies catalysts and engineered products and offers process planning and project development services and Environmental Solutions which provides environmental services for Government and private sector customers.

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