Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 532,200 shares of the transportation company’s stock after selling 9,700 shares during the period. Renaissance Technologies LLC owned about 1.05% of Grupo Aeroportuario del Pacífico worth $82,901,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC increased its stake in shares of Grupo Aeroportuario del Pacífico by 141.5% in the first quarter. Lazard Asset Management LLC now owns 481,256 shares of the transportation company’s stock worth $78,526,000 after buying an additional 281,966 shares during the last quarter. Northcape Capital Pty Ltd increased its stake in shares of Grupo Aeroportuario del Pacífico by 67.9% in the first quarter. Northcape Capital Pty Ltd now owns 162,439 shares of the transportation company’s stock worth $26,505,000 after buying an additional 65,681 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Grupo Aeroportuario del Pacífico in the first quarter worth $2,676,000. Quadrature Capital Ltd bought a new stake in shares of Grupo Aeroportuario del Pacífico in the first quarter worth $1,485,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Grupo Aeroportuario del Pacífico by 70.8% in the first quarter. BNP Paribas Financial Markets now owns 14,706 shares of the transportation company’s stock worth $2,400,000 after buying an additional 6,097 shares during the last quarter. 11.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Thursday, September 5th. Bank of America upgraded shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 28th. Finally, Citigroup upgraded shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $205.00.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of PAC opened at $177.43 on Tuesday. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1 year low of $107.25 and a 1 year high of $197.31. The company has a market cap of $8.97 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 1.58 and a beta of 1.47. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a fifty day moving average of $163.79 and a 200-day moving average of $165.78.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last announced its quarterly earnings results on Monday, July 22nd. The transportation company reported $2.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($0.46). Grupo Aeroportuario del Pacífico had a net margin of 29.26% and a return on equity of 47.50%. The firm had revenue of $421.54 million for the quarter. As a group, equities analysts anticipate that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 9.88 earnings per share for the current year.

Grupo Aeroportuario del Pacífico Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, August 2nd. Stockholders of record on Monday, July 22nd were issued a dividend of $3.8657 per share. This is an increase from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $2.09. The ex-dividend date was Monday, July 22nd. This represents a dividend yield of 4.7%. Grupo Aeroportuario del Pacífico’s payout ratio is 33.84%.

Grupo Aeroportuario del Pacífico Company Profile

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.