BNP Paribas Financial Markets Acquires 8,944 Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

BNP Paribas Financial Markets raised its position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 33.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,900 shares of the transportation company’s stock after purchasing an additional 8,944 shares during the period. BNP Paribas Financial Markets’ holdings in Grupo Aeroportuario Del Pacifico were worth $9,464,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PAC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Grupo Aeroportuario Del Pacifico during the third quarter valued at about $30,453,000. Lazard Asset Management LLC increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 13.4% in the third quarter. Lazard Asset Management LLC now owns 947,581 shares of the transportation company’s stock worth $224,757,000 after buying an additional 112,212 shares during the period. Fisher Funds Management LTD purchased a new position in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter worth about $25,933,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 39.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 118,236 shares of the transportation company’s stock worth $28,044,000 after buying an additional 33,405 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Grupo Aeroportuario Del Pacifico by 232.0% in the second quarter. Qube Research & Technologies Ltd now owns 37,348 shares of the transportation company’s stock worth $8,576,000 after buying an additional 26,099 shares during the period. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Analysts Set New Price Targets

PAC has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a report on Wednesday, June 3rd. Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of PAC opened at $224.56 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.90. The stock has a market cap of $11.35 billion, a P/E ratio of 20.12, a P/E/G ratio of 0.83 and a beta of 0.94. The business’s 50 day moving average price is $245.85 and its 200-day moving average price is $254.16. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52 week low of $206.91 and a 52 week high of $300.41.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last posted its quarterly earnings results on Tuesday, March 31st. The transportation company reported $3.72 earnings per share for the quarter. The company had revenue of $635.54 million for the quarter. Grupo Aeroportuario Del Pacifico had a return on equity of 43.12% and a net margin of 25.04%. Equities research analysts anticipate that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 12.51 earnings per share for the current fiscal year.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.