State of New Jersey Common Pension Fund D Grows Stock Holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

State of New Jersey Common Pension Fund D boosted its holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 141.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,730 shares of the transportation company’s stock after acquiring an additional 3,945 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Grupo Aeroportuario del Pacífico were worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP purchased a new position in Grupo Aeroportuario del Pacífico in the 3rd quarter valued at approximately $74,000. Mondrian Investment Partners LTD grew its stake in Grupo Aeroportuario del Pacífico by 22.0% in the 3rd quarter. Mondrian Investment Partners LTD now owns 665 shares of the transportation company’s stock valued at $109,000 after buying an additional 120 shares in the last quarter. Blue Trust Inc. grew its stake in Grupo Aeroportuario del Pacífico by 19.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the transportation company’s stock valued at $113,000 after buying an additional 111 shares in the last quarter. New York State Common Retirement Fund grew its stake in Grupo Aeroportuario del Pacífico by 8.1% in the 3rd quarter. New York State Common Retirement Fund now owns 1,222 shares of the transportation company’s stock valued at $201,000 after buying an additional 92 shares in the last quarter. Finally, QRG Capital Management Inc. bought a new position in Grupo Aeroportuario del Pacífico in the 3rd quarter valued at $220,000. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Pacífico Stock Up 1.0 %

Shares of NYSE:PAC opened at $182.95 on Friday. The firm has a fifty day moving average price of $158.24 and a two-hundred day moving average price of $153.09. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.13 and a quick ratio of 1.22. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a one year low of $107.25 and a one year high of $196.66. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 2.62 and a beta of 1.46.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last announced its quarterly earnings results on Monday, February 26th. The transportation company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.37 by $0.18. Grupo Aeroportuario del Pacífico had a net margin of 29.12% and a return on equity of 52.18%. The firm had revenue of $520.93 million during the quarter. Analysts anticipate that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Grupo Aeroportuario del Pacífico Profile

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.