Northcape Capital Pty Ltd Increases Stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Northcape Capital Pty Ltd boosted its holdings in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 86.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,758 shares of the transportation company’s stock after purchasing an additional 44,862 shares during the period. Grupo Aeroportuario del Pacífico comprises approximately 2.0% of Northcape Capital Pty Ltd’s holdings, making the stock its 7th largest holding. Northcape Capital Pty Ltd’s holdings in Grupo Aeroportuario del Pacífico were worth $16,954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. increased its stake in shares of Grupo Aeroportuario del Pacífico by 8.3% during the third quarter. BlackRock Inc. now owns 1,429,111 shares of the transportation company’s stock valued at $181,182,000 after buying an additional 109,898 shares during the period. Deutsche Bank AG raised its holdings in Grupo Aeroportuario del Pacífico by 63.9% in the 3rd quarter. Deutsche Bank AG now owns 998,367 shares of the transportation company’s stock worth $164,102,000 after purchasing an additional 389,214 shares in the last quarter. State Street Corp lifted its position in shares of Grupo Aeroportuario del Pacífico by 5.3% in the 2nd quarter. State Street Corp now owns 392,448 shares of the transportation company’s stock worth $54,778,000 after purchasing an additional 19,635 shares during the period. Nuveen Asset Management LLC lifted its position in shares of Grupo Aeroportuario del Pacífico by 11.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 144,903 shares of the transportation company’s stock worth $25,897,000 after purchasing an additional 14,993 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Grupo Aeroportuario del Pacífico by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 120,622 shares of the transportation company’s stock valued at $21,553,000 after purchasing an additional 8,473 shares in the last quarter. Institutional investors own 11.73% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating and increased their price target for the stock from $135.00 to $175.00 in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $175.00.

Grupo Aeroportuario del Pacífico Stock Up 0.1 %

Shares of PAC stock traded up $0.15 during trading hours on Thursday, hitting $161.90. 9,115 shares of the company’s stock traded hands, compared to its average volume of 58,718. The company has a quick ratio of 1.22, a current ratio of 1.13 and a debt-to-equity ratio of 1.83. The stock’s fifty day simple moving average is $153.00 and its two-hundred day simple moving average is $152.31. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12-month low of $107.25 and a 12-month high of $198.28. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 1.77 and a beta of 1.52.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last announced its quarterly earnings data on Monday, February 26th. The transportation company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.37 by $0.18. The company had revenue of $520.93 million for the quarter. Grupo Aeroportuario del Pacífico had a net margin of 29.52% and a return on equity of 50.27%. On average, analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 12.36 EPS for the current year.

About Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.