Aberdeen Group plc Buys 28,315 Shares of Copa Holdings, S.A. $CPA

Aberdeen Group plc raised its stake in Copa Holdings, S.A. (NYSE:CPA) by 101.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,300 shares of the transportation company’s stock after acquiring an additional 28,315 shares during the quarter. Aberdeen Group plc’s holdings in Copa were worth $6,632,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of CPA. Legend Financial Advisors Inc. lifted its stake in Copa by 2.3% in the third quarter. Legend Financial Advisors Inc. now owns 7,920 shares of the transportation company’s stock valued at $941,000 after purchasing an additional 179 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Copa by 2.1% in the third quarter. TD Waterhouse Canada Inc. now owns 8,915 shares of the transportation company’s stock valued at $1,048,000 after buying an additional 182 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Copa by 100.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 364 shares of the transportation company’s stock valued at $43,000 after buying an additional 182 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Copa by 271.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 260 shares of the transportation company’s stock valued at $31,000 after buying an additional 190 shares during the last quarter. Finally, Focus Financial Network Inc. grew its stake in shares of Copa by 10.6% during the 3rd quarter. Focus Financial Network Inc. now owns 2,091 shares of the transportation company’s stock worth $248,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Copa Stock Performance

Copa stock opened at $142.01 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.95 and a current ratio of 1.23. The firm’s fifty day moving average price is $133.26 and its 200-day moving average price is $124.76. Copa Holdings, S.A. has a fifty-two week low of $82.54 and a fifty-two week high of $156.41. The stock has a market cap of $5.85 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 0.92 and a beta of 0.92.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, February 11th. The transportation company reported $4.18 earnings per share for the quarter, missing analysts’ consensus estimates of $4.44 by ($0.26). The firm had revenue of $962.89 million for the quarter, compared to analysts’ expectations of $959.22 million. Copa had a net margin of 18.57% and a return on equity of 25.62%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.99 earnings per share. On average, equities research analysts expect that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, February 27th. This is a positive change from Copa’s previous quarterly dividend of $1.61. Copa’s dividend payout ratio (DPR) is presently 39.58%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CPA shares. Weiss Ratings restated a “buy (b)” rating on shares of Copa in a research note on Wednesday, January 21st. JPMorgan Chase & Co. reduced their target price on shares of Copa from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, December 8th. Itau BBA Securities began coverage on shares of Copa in a research report on Sunday, November 30th. They issued a “market perform” rating on the stock. Wall Street Zen upgraded shares of Copa from a “hold” rating to a “buy” rating in a research note on Sunday, February 8th. Finally, The Goldman Sachs Group downgraded shares of Copa from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $150.00 to $151.00 in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Copa has a consensus rating of “Moderate Buy” and an average target price of $167.75.

Copa Profile

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.