Is Chicago Bridge & Iron Company N.V. (CBI) A Good Stock To Buy?

As aggregate interest increased, some big names were breaking ground themselves. DC Capital Partners, managed by Douglas Dethy, initiated the largest position in Chicago Bridge & Iron Company N.V. (NYSE:CBI). DC Capital Partners had $6.3 million invested in the company at the end of the quarter. Neil Chriss’ Hutchin Hill Capital also initiated an $5.4 million position during the quarter. The other funds with brand new CBI positions are Daniel S. Och’s OZ Management, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, and George Hall’s Clinton Group.

Let’s check out hedge fund activity in other stocks similar to Chicago Bridge & Iron Company N.V. (NYSE:CBI). These stocks are Trimble Navigation Limited (NASDAQ:TRMB), Genesis Energy, L.P. (NYSE:GEL), Graphic Packaging Holding Company (NYSE:GPK), and Navient Corp (NASDAQ:NAVI). This group of stocks’ market caps are similar to CBI’s market cap.

As you can see these stocks had an average of 29 hedge funds with bullish positions and the average amount invested in these stocks was $504 million. That figure was $626 million in CBI’s case. Graphic Packaging Holding Company (NYSE:GPK) is the most popular stock in this table, while Genesis Energy, L.P. (NYSE:GEL) is the least popular one with only 7 bullish hedge fund positions. Chicago Bridge & Iron Company N.V. (NYSE:CBI) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard GPK might be a better candidate to consider a long position.