First Trust Direct Indexing L.P. Sells 501 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

First Trust Direct Indexing L.P. lessened its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,502 shares of the transportation company’s stock after selling 501 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Grupo Aeroportuario del Pacífico were worth $438,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in shares of Grupo Aeroportuario del Pacífico in the third quarter valued at $74,000. Mondrian Investment Partners LTD lifted its holdings in Grupo Aeroportuario del Pacífico by 22.0% during the third quarter. Mondrian Investment Partners LTD now owns 665 shares of the transportation company’s stock valued at $109,000 after purchasing an additional 120 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Grupo Aeroportuario del Pacífico by 19.3% in the fourth quarter. Blue Trust Inc. now owns 685 shares of the transportation company’s stock worth $113,000 after purchasing an additional 111 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Grupo Aeroportuario del Pacífico by 8.1% in the third quarter. New York State Common Retirement Fund now owns 1,222 shares of the transportation company’s stock valued at $201,000 after purchasing an additional 92 shares during the period. Finally, QRG Capital Management Inc. bought a new stake in shares of Grupo Aeroportuario del Pacífico in the third quarter valued at approximately $220,000. Institutional investors own 11.73% of the company’s stock.

Analyst Ratings Changes

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

Grupo Aeroportuario del Pacífico Stock Performance

NYSE PAC opened at $183.99 on Monday. The company’s 50 day simple moving average is $159.42 and its two-hundred day simple moving average is $153.92. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.13 and a quick ratio of 1.13. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1 year low of $107.25 and a 1 year high of $196.66. The stock has a market capitalization of $9.30 billion, a PE ratio of 16.43, a P/E/G ratio of 2.66 and a beta of 1.46.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last issued its quarterly earnings data on Monday, February 26th. The transportation company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.18. Grupo Aeroportuario del Pacífico had a return on equity of 52.18% and a net margin of 29.12%. The company had revenue of $520.93 million for the quarter. Analysts predict that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10.76 earnings per share for the current fiscal year.

Grupo Aeroportuario del Pacífico Company 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.