BNP Paribas Financial Markets Buys 2,028 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

BNP Paribas Financial Markets boosted its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,234 shares of the transportation company’s stock after acquiring an additional 2,028 shares during the period. BNP Paribas Financial Markets’ holdings in Grupo Aeroportuario del Pacífico were worth $4,066,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. increased its stake in shares of Grupo Aeroportuario del Pacífico by 31.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 174,266 shares of the transportation company’s stock worth $30,495,000 after purchasing an additional 41,266 shares in the last quarter. Northern Trust Corp increased its stake in shares of Grupo Aeroportuario del Pacífico by 1,688.3% in the fourth quarter. Northern Trust Corp now owns 75,536 shares of the transportation company’s stock worth $13,218,000 after purchasing an additional 71,312 shares in the last quarter. Aquatic Capital Management LLC increased its stake in shares of Grupo Aeroportuario del Pacífico by 207.4% in the fourth quarter. Aquatic Capital Management LLC now owns 3,381 shares of the transportation company’s stock worth $592,000 after purchasing an additional 2,281 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Grupo Aeroportuario del Pacífico by 22.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company’s stock worth $184,870,000 after purchasing an additional 190,955 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. purchased a new position in shares of Grupo Aeroportuario del Pacífico in the fourth quarter worth about $1,832,000. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Price Performance

Shares of NYSE:PAC opened at $219.51 on Thursday. The company has a 50 day moving average of $194.11 and a 200 day moving average of $188.94. The stock has a market cap of $11.09 billion, a P/E ratio of 21.82, 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 12 month low of $146.62 and a 12 month high of $224.41. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $2.72 EPS for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. The company had revenue of $541.03 million during the quarter, compared to analysts’ expectations of $554.93 million. As a group, sell-side analysts forecast that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 EPS for the current fiscal year.

Analyst Ratings Changes

PAC has been the subject of several recent research reports. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $140.00 to $210.00 in a research note on Wednesday, February 12th. Barclays reiterated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. StockNews.com raised shares of Grupo Aeroportuario del Pacífico from a “sell” rating to a “hold” rating in a research note on Saturday, April 26th. Finally, Bank of America cut shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Pacífico currently has an average rating of “Hold” and an average target price of $200.00.

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.