Capital Research Global Investors Buys 2,891 Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Capital Research Global Investors boosted its stake in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,755 shares of the transportation company’s stock after purchasing an additional 2,891 shares during the period. Capital Research Global Investors’ holdings in Grupo Aeroportuario Del Pacifico were worth $5,472,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Grupo Aeroportuario Del Pacifico by 65.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 65 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in Grupo Aeroportuario Del Pacifico in the 3rd quarter valued at approximately $43,000. Van ECK Associates Corp lifted its stake in Grupo Aeroportuario Del Pacifico by 20.6% in the 3rd quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock valued at $79,000 after purchasing an additional 57 shares during the last quarter. Allworth Financial LP lifted its stake in Grupo Aeroportuario Del Pacifico by 92.0% in the 4th quarter. Allworth Financial LP now owns 311 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 149 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Grupo Aeroportuario Del Pacifico by 145.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 478 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 283 shares during the last quarter. Institutional investors own 11.73% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Grupo Aeroportuario Del Pacifico presently has an average rating of “Hold”.

Grupo Aeroportuario Del Pacifico Price Performance

PAC stock opened at $226.52 on Wednesday. The company has a fifty day moving average price of $245.52 and a 200-day moving average price of $254.20. The company has a market capitalization of $11.45 billion, a P/E ratio of 20.30, a PEG ratio of 0.81 and a beta of 0.94. 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. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.50 and a current ratio of 1.50.

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