Empirical Finance LLC Acquires 44,531 Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Empirical Finance LLC increased its stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 148.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,607 shares of the transportation company’s stock after acquiring an additional 44,531 shares during the quarter. Grupo Aeroportuario Del Pacifico accounts for approximately 0.9% of Empirical Finance LLC’s portfolio, making the stock its 18th largest position. Empirical Finance LLC’s holdings in Grupo Aeroportuario Del Pacifico were worth $18,418,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Novem Group acquired a new stake in shares of Grupo Aeroportuario Del Pacifico in the 4th quarter valued at about $1,239,000. Fisher Funds Management LTD bought a new position in Grupo Aeroportuario Del Pacifico in the fourth quarter worth approximately $25,933,000. State of New Jersey Common Pension Fund D boosted its holdings in Grupo Aeroportuario Del Pacifico by 18.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 27,648 shares of the transportation company’s stock worth $7,289,000 after acquiring an additional 4,249 shares in the last quarter. Northcape Capital Pty Ltd grew its stake in Grupo Aeroportuario Del Pacifico by 1.7% in the fourth quarter. Northcape Capital Pty Ltd now owns 191,049 shares of the transportation company’s stock valued at $51,589,000 after acquiring an additional 3,214 shares during the period. Finally, Ashoka WhiteOak Capital Pte Ltd raised its position in shares of Grupo Aeroportuario Del Pacifico by 91.4% during the fourth quarter. Ashoka WhiteOak Capital Pte Ltd now owns 6,700 shares of the transportation company’s stock worth $1,763,000 after purchasing an additional 3,200 shares during the period. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PAC has been the topic of a number of recent research reports. Citigroup upgraded Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Grupo Aeroportuario Del Pacifico Price Performance

Shares of NYSE:PAC opened at $215.59 on Friday. The firm has a market capitalization of $10.89 billion, a PE ratio of 19.15, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average price of $238.59 and a two-hundred day moving average price of $251.52. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a twelve month low of $206.91 and a twelve month high of $300.41.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its quarterly earnings results on Tuesday, July 14th. The transportation company reported $2.80 EPS for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.30). The business had revenue of $645.23 million for the quarter, compared to analysts’ expectations of $732.26 million. Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. Equities analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11.71 EPS for the current year.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.