Ethic Inc. Grows Stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Ethic Inc. lifted its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,846 shares of the transportation company’s stock after buying an additional 197 shares during the period. Ethic Inc.’s holdings in Grupo Aeroportuario del Pacífico were worth $323,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in Grupo Aeroportuario del Pacífico by 22.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company’s stock worth $184,870,000 after acquiring an additional 190,955 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Grupo Aeroportuario del Pacífico by 82.0% during the fourth quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company’s stock worth $132,732,000 after purchasing an additional 341,661 shares in the last quarter. Itau Unibanco Holding S.A. boosted its stake in shares of Grupo Aeroportuario del Pacífico by 31.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 174,266 shares of the transportation company’s stock valued at $30,495,000 after purchasing an additional 41,266 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Grupo Aeroportuario del Pacífico by 317.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company’s stock valued at $16,755,000 after purchasing an additional 72,798 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Grupo Aeroportuario del Pacífico by 7.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company’s stock worth $16,164,000 after buying an additional 6,139 shares during the period. Institutional investors and hedge funds own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Stock Performance

PAC opened at $222.17 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The business’s 50 day moving average is $195.74 and its 200-day moving average is $189.55. The stock has a market cap of $11.23 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a twelve month low of $146.62 and a twelve month high of $225.95.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last announced its earnings results on Tuesday, April 29th. The transportation company reported $2.72 earnings per share for the quarter, missing the consensus estimate of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. The business had revenue of $541.03 million for the quarter, compared to the consensus estimate of $554.93 million. On average, analysts predict that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on PAC shares. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and upped their price objective for the company from $140.00 to $210.00 in a research report on Wednesday, February 12th. Bank of America downgraded Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a report on Tuesday, March 4th. StockNews.com upgraded Grupo Aeroportuario del Pacífico from a “sell” rating to a “hold” rating in a report on Saturday, April 26th. Finally, Barclays reiterated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $200.00.

About Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.