First Trust Advisors LP Purchases Shares of 1,768 Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

First Trust Advisors LP acquired a new position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) in the fourth quarter, HoldingsChannel reports. The fund acquired 1,768 shares of the transportation company’s stock, valued at approximately $309,000.

Several other large investors have also made changes to their positions in the company. Blue Trust Inc. boosted its position in Grupo Aeroportuario del Pacífico by 13.6% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company’s stock worth $78,000 after purchasing an additional 53 shares during the period. Signaturefd LLC boosted its position in shares of Grupo Aeroportuario del Pacífico by 32.1% in the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company’s stock worth $58,000 after buying an additional 81 shares during the period. Financial Advocates Investment Management grew its stake in shares of Grupo Aeroportuario del Pacífico by 3.7% in the fourth quarter. Financial Advocates Investment Management now owns 2,487 shares of the transportation company’s stock valued at $435,000 after buying an additional 88 shares in the last quarter. US Bancorp DE raised its holdings in shares of Grupo Aeroportuario del Pacífico by 22.1% during the 4th quarter. US Bancorp DE now owns 547 shares of the transportation company’s stock valued at $96,000 after buying an additional 99 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Grupo Aeroportuario del Pacífico by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 2,615 shares of the transportation company’s stock valued at $458,000 after buying an additional 150 shares during the period. 11.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on PAC. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and increased their price objective for the company from $140.00 to $210.00 in a research report on Wednesday, February 12th. StockNews.com raised shares of Grupo Aeroportuario del Pacífico from a “sell” rating to a “hold” rating in a report on Saturday, April 26th. Bank of America lowered shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a report on Tuesday, March 4th. Finally, Barclays restated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico Price Performance

Shares of PAC stock opened at $217.17 on Friday. The firm has a fifty day moving average of $192.45 and a two-hundred day moving average of $188.13. The firm has a market cap of $10.97 billion, a P/E ratio of 21.59, a P/E/G ratio of 1.28 and a beta of 1.10. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1-year low of $146.62 and a 1-year high of $224.41. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 earnings per share for the quarter, missing the consensus estimate of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. The firm had revenue of $541.03 million during the quarter, compared to the consensus estimate of $554.93 million. As a group, research analysts anticipate that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 earnings per share for the current fiscal year.

Grupo Aeroportuario del Pacífico 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.