Villere & Co recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Villere St. Denis J. & Co. LLC is an investment management firm based out of New Orleans, Louisiana. The company was originally established in 1911 and has been operated by the Villere family for over a century. Villere St. Denis J. & Co. LLC conducts its research internally, utilizing a fundamental methodology to make its investment decisions. The company focuses on the public equity and fixed income markets within the United States, allocating its assets in a variety of sectors and benchmarking its performance against the Russell 3000 Index. Villere St. Denis J. & Co. invests most heavily in the information technology sector, which alone makes up over a fifth of the firm’s total asset allocations, and also invests in the industrials, consumer discretionary, finance, health care, energy, consumer staples, and real estate sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations for just under 21 quarters on average although the firm only holds its top 10 allocations for less than 5 quarters on average. In the most recent quarter, Villere St. Denis J. & Co. has had a turnover rate of approximately 6%. Villere St. Denis J. & Co. manages over $2.3 billion in total assets under management spread across 689 total accounts, all of which are discretionary accounts except for 10 that make up $24 million of its managed assets. Both of Villere St. Denis J. & Co.’s total number of accounts and total assets under management have been increasing in recent years with its managed assets growing significantly from $1 billion back in 2010 to well over twice that amount today. The company mainly caters to high net worth individuals, which alone makes up over half of its client base. Villere St. Denis J. & Co. currently offers its Balanced Fund and Equity Fund.
As of the latest 13F report, the guru’s equity portfolio contained 60 stocks valued at a total of $1.34Bil. The top holdings were STE(5.30%), ROP(5.26%), and PLMR(5.11%).
According to GuruFocus data, these were Villere & Co’s top five trades of the quarter.
Progressive Corp
Villere & Co reduced their investment in NYSE:PGR by 551,562 shares. The trade had a 3.74% impact on the equity portfolio. During the quarter, the stock traded for an average price of $113.39.
On 07/18/2022, Progressive Corp traded for a price of $112.05 per share and a market cap of $65.39Bil. The stock has returned 24.25% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Progressive Corp has a price-earnings ratio of 30.37, a price-book ratio of 3.97, a price-earnings-to-growth (PEG) ratio of 1.09, a EV-to-Ebitda ratio of 21.84 and a price-sales ratio of 1.36.
The price-to-GF Value ratio is 1.04, earning the stock a GF Value rank of 3.
IDEXX Laboratories Inc
The guru established a new position worth 120,256 shares in NAS:IDXX, giving the stock a 3.15% weight in the equity portfolio. Shares traded for an average price of $409.99 during the quarter.
On 07/18/2022, IDEXX Laboratories Inc traded for a price of $366.82 per share and a market cap of $31.04Bil. The stock has returned -43.70% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, IDEXX Laboratories Inc has a price-earnings ratio of 43.32, a price-book ratio of 48.60, a price-earnings-to-growth (PEG) ratio of 2.23, a EV-to-Ebitda ratio of 30.92 and a price-sales ratio of 9.73.
The price-to-GF Value ratio is 0.70, earning the stock a GF Value rank of 10.
JB Hunt Transport Services Inc
During the quarter, Villere & Co bought 98,298 shares of NAS:JBHT for a total holding of 303,744. The trade had a 1.16% impact on the equity portfolio. During the quarter, the stock traded for an average price of $169.76.
On 07/18/2022, JB Hunt Transport Services Inc traded for a price of $170.39 per share and a market cap of $17.91Bil. The stock has returned 0.73% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, JB Hunt Transport Services Inc has a price-earnings ratio of 21.20, a price-book ratio of 5.51, a price-earnings-to-growth (PEG) ratio of 2.26, a EV-to-Ebitda ratio of 10.95 and a price-sales ratio of 1.39.
The price-to-GF Value ratio is 0.86, earning the stock a GF Value rank of 7.
Porch Group Inc
During the quarter, Villere & Co bought 3,740,525 shares of NAS:PRCH for a total holding of 6,051,134. The trade had a 0.72% impact on the equity portfolio. During the quarter, the stock traded for an average price of $4.18.
On 07/18/2022, Porch Group Inc traded for a price of $2.5 per share and a market cap of $251.81Mil. The stock has returned -86.59% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10. There is insufficient data to calculate the stock’s profitability rating.
In terms of valuation, Porch Group Inc has a price-book ratio of 1.17, a EV-to-Ebitda ratio of -13.13 and a price-sales ratio of 1.08.
First Hawaiian Inc
Villere & Co reduced their investment in NAS:FHB by 114,417 shares. The trade had a 0.19% impact on the equity portfolio. During the quarter, the stock traded for an average price of $25.13.
On 07/18/2022, First Hawaiian Inc traded for a price of $22.38 per share and a market cap of $2.86Bil. The stock has returned -19.69% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, First Hawaiian Inc has a price-earnings ratio of 10.83, a price-book ratio of 1.24, a price-earnings-to-growth (PEG) ratio of 2.78 and a price-sales ratio of 4.18.
The price-to-GF Value ratio is 0.80, earning the stock a GF Value rank of 9.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
Want to provide feedback on this article? Have questions or concerns? Get in touch with us here, or email us at [email protected]!
This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way.
