Hedge Funds Are Buying C.H. Robinson Worldwide, Inc. (CHRW)

As aggregate interest increased, specific money managers have jumped into C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) headfirst. Luminus Management, managed by Jonathan Barrett and Paul Segal, established the largest position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW). Luminus Management had $38 million invested in the company at the end of the quarter. Ken Griffin’s Citadel Investment Group also initiated a $7.8 million position during the quarter. The following funds were also among the new CHRW investors: Charles Davidson’s Wexford Capital, Solomon Kumin’s Folger Hill Asset Management, and Roger Ibbotson’s Zebra Capital Management.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) but similarly valued. These stocks are Pearson PLC (ADR) (NYSE:PSO), Citizens Financial Group Inc (NYSE:CFG), Pentair, Ltd. Registered Share (NYSE:PNR), and Cintas Corporation (NASDAQ:CTAS). All of these stocks’ market caps match CHRW’s market cap.

As you can see these stocks had an average of 25.75 hedge funds with bullish positions and the average amount invested in these stocks was $692 million. That figure was $443 million in CHRW’s case. Citizens Financial Group Inc (NYSE:CFG) is the most popular stock in this table. On the other hand Pearson PLC (ADR) (NYSE:PSO) is the least popular one with only 6 bullish hedge fund positions. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) 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 CFG might be a better candidate to consider a long position.

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Disclosure: None