Here is What Hedge Funds Think About C.H. Robinson Worldwide, Inc. (CHRW)

With a general bullishness amongst the heavyweights, some big names have jumped into C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) headfirst. Scopus Asset Management, managed by Alexander Mitchell, established the most valuable position in C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW). Scopus Asset Management had $24.6 million invested in the company at the end of the quarter. James Dondero’s Highland Capital Management also made a $4 million investment in the stock during the quarter. The other funds with new positions in the stock are John Fichthorn’s Dialectic Capital Management, Israel Englander’s Catapult Capital Management, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital.

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. We will take a look at Autoliv Inc. (NYSE:ALV), IMS Health Holdings Inc (NYSE:IMS), Maxim Integrated Products Inc. (NASDAQ:MXIM), and Extra Space Storage, Inc. (NYSE:EXR). All of these stocks’ market caps match CHRW’s market cap.

As you can see these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $394 million. That figure was $785 million in CHRW’s case. IMS Health Holdings Inc (NYSE:IMS) is the most popular stock in this table. On the other hand Autoliv Inc. (NYSE:ALV) is the least popular one with only 12 bullish hedge fund positions. C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard IMS might be a better candidate to consider a long position.