Diversified Trust Co Buys New Stake in Copa Holdings, S.A. $CPA

Diversified Trust Co purchased a new position in shares of Copa Holdings, S.A. (NYSE:CPA) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 11,527 shares of the transportation company’s stock, valued at approximately $1,310,000.

Other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Copa by 1,361,326.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 258,671 shares of the transportation company’s stock valued at $31,198,000 after purchasing an additional 258,652 shares during the period. Balyasny Asset Management L.P. lifted its stake in Copa by 428.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 258,251 shares of the transportation company’s stock valued at $31,148,000 after buying an additional 209,381 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Copa in the fourth quarter valued at approximately $18,813,000. Clark Capital Management Group Inc. grew its position in shares of Copa by 35.2% during the third quarter. Clark Capital Management Group Inc. now owns 550,805 shares of the transportation company’s stock worth $65,447,000 after acquiring an additional 143,497 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Copa by 153.5% during the third quarter. Two Sigma Investments LP now owns 229,076 shares of the transportation company’s stock worth $27,219,000 after acquiring an additional 138,700 shares during the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Performance

NYSE:CPA opened at $152.38 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.16 and a quick ratio of 1.06. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 1.16 and a beta of 1.00. The firm’s fifty day moving average price is $130.64 and its 200 day moving average price is $128.63. Copa Holdings, S.A. has a 1-year low of $103.91 and a 1-year high of $156.41.

Copa (NYSE:CPA) last announced its quarterly earnings data on Wednesday, May 13th. The transportation company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.73. Copa had a net margin of 18.76% and a return on equity of 26.01%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $4.28 EPS. Copa’s quarterly revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts expect that Copa Holdings, S.A. will post 15.96 EPS for the current year.

Copa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, May 29th. Copa’s payout ratio is 39.88%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CPA. Jefferies Financial Group began coverage on shares of Copa in a report on Thursday, June 18th. They issued a “buy” rating and a $185.00 target price on the stock. Barclays lowered their price objective on shares of Copa from $185.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Citigroup dropped their price objective on shares of Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. Bank of America reduced their target price on shares of Copa from $212.00 to $171.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. increased their target price on shares of Copa from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Copa presently has an average rating of “Buy” and a consensus target price of $168.91.

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.