Insider Buying at JB Hunt

Page 1 of 2

According to a filing with the SEC, a family trust managed by the spouse of Douglas Duncan purchased 2,600 shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) on December 5th at an average price of $58.97. Duncan is a member of J.B. Hunt’s Board of Directors and so this transaction had to be disclosed as insider trading. He had already owned 11,000 shares directly. J.B. Hunt is a trucking and logistics services company, and its stock price is up 29% year to date. Duncan’s most recent buy, according to our database of insider filings, came in November 2010 at an average price of $37.20 per share. We had also seen an insider buy at J.B. Hunt in late October at roughly the same price (see a history of insider purchases at JB Hunt). Studies show that stocks bought by insiders tend to outperform the market (read more about studies on insider trading).

Revenue was up 11% in the third quarter of the year from its levels in Q3 2011. Growth was led by intermodal operations, which is responsible for about 60% of J.B. Hunt’s revenue. Earnings increased 14% as the company was well able to control costs, including salaries and wages. A similar story holds for the first half of 2012, as the first nine months of the year have shown a 12% increase in sales while net income has been up 23%. At a market capitalization of $6.9 billion, J.B. Hunt Transport Services, Inc. trades at 23 times trailing earnings. The company would have to continue growing at a good rate in order for that pricing to make sense. Wall Street analysts predict $3 in earnings per share in 2013- up from an expected $2.58 this year- implying a forward P/E of 19.

LONE PINE CAPITAL

Hedge funds generally aren’t very excited about J.B. Hunt Transport Services, Inc., with one notable exception: during the third quarter of 2012, Lone Pine Capital initiated a position of 3.8 million shares. This made J.B. Hunt one of the five largest new positions in the fund’s portfolio; Lone Pine is managed by billionaire and Tiger Cub Stephen Mandel. See more stocks Lone Pine owned.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!