CBI Makes Notable Cross Below Critical Moving Average

Josh Kim
December 31, 2016

Investors may also monitor a company's PEG or price to earnings growth ratio. Northern Trust Corp now owns 487,338 shares of the company's stock worth $13,660,000 after buying an additional 30,236 shares in the last quarter. Lawson Kroeker Investment Management Inc. SG Americas Securities LLC raised its stake in Chicago Bridge & Iron Company N.V.by 38.6% in the second quarter. The fund owned 114,188 shares of the company's stock after buying an additional 88,380 shares during the period. Gluskin Sheff & Assoc Inc. bought a new position in Chicago Bridge & Iron Co. during the second quarter valued at about $1,804,000. Finally, SG Americas Securities LLC raised its stake in Chicago Bridge & Iron Co.by 17.4% in the third quarter. The stock recent traded volume was 1.7 million as compared with its average volume of 1.8 million shares. Snow Capital Management LP owned approximately 0.09% of Chicago Bridge & Iron Co. worth $2,385,000 as of its most recent SEC filing.

Shares of Chicago Bridge & Iron Company N.V. The corporation has earnings per share (EPS) ratio of 2.74. The Stock has its 52-week High of $41.33 and 52-Week Low of $26.12 and it touched its 52-week high on April 28, 2016 and 52-Week Low on Sep 21, 2016.

Chicago Bridge & Iron Company N.V.'s (CBI) has traded at distance of 0.36% from its 50-day simple moving average and moved at distance of -4.80% from its 200-day simple moving average while exchanged at distance of -7.03% from its 20-day simple moving average.

A look at performance overview of Chicago Bridge & Iron Company N.V. depicts that Performance (Week) is -6.78 percent while Performance Month is -0.11%. (NYSE:CBI) last released its earnings results on Thursday, October 27th.

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While looking at the Earnings Estimates of the company, The Average Earnings Estimate for the Current Fiscal quarter is measured as $1.45 by 15 analysts. The business earned $2.78 billion during the quarter, compared to analysts' expectations of $2.75 billion. Chicago Bridge & Iron Co. The company sold its nuclear construction business to a division of the Japanese electronics company called Westinghouse previous year for $229 million. During the same quarter a year ago, the business posted $1.54 earnings per share. On average, equities analysts predict that Chicago Bridge & Iron Co. will post $4.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Monday, December 19th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, December 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.86%. Chicago Bridge & Iron Co.'s dividend payout ratio (DPR) is now 10.18%. "(CBI)" was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was stolen and republished in violation of U.S. & global copyright laws. The correct version of this news story can be read at https://sportsperspectives.com/2016/12/29/chicago-bridge-iron-co-cbi-stake-cut-by-swiss-national-bank/.

A number of equities analysts recently commented on CBI shares. Zacks Investment Research upgraded shares of Chicago Bridge & Iron Co. from a "sell" rating to a "hold" rating in a research note on Monday, October 31st. Street analysts that track the company are anticipating the stock to go to $36.87 within the next year. Argus started coverage on Chicago Bridge & Iron Co.in a report on Wednesday, December 7th. Using this rating scale, a 1 would represent a Strong Buy, and a 5 rating would represent a Strong Sell rating. Finally, Credit Suisse Group AG decreased their target price on Chicago Bridge & Iron Co. from $46.00 to $37.00 and set an "outperform" rating on the stock in a report on Monday, September 26th. Breaking those down we see that the ratings are as follows: 3 Strong Buy, 0 Rated Buy, 5 Rated Hold and 1 Rated Sell. Cedar Wealth Management LLC raised its stake in shares of Chicago Bridge & Iron Company N.V.by 66.0% in the second quarter.

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