Russell Investments Group Ltd. Buys 4,590 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Russell Investments Group Ltd. increased its stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,910 shares of the transportation company’s stock after purchasing an additional 4,590 shares during the quarter. Russell Investments Group Ltd. owned about 0.20% of Grupo Aeroportuario del Pacífico worth $17,331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northcape Capital Pty Ltd grew its stake in shares of Grupo Aeroportuario del Pacífico by 86.4% during the fourth quarter. Northcape Capital Pty Ltd now owns 96,758 shares of the transportation company’s stock worth $16,954,000 after purchasing an additional 44,862 shares during the period. Mackenzie Financial Corp boosted its position in Grupo Aeroportuario del Pacífico by 10.6% during the fourth quarter. Mackenzie Financial Corp now owns 70,888 shares of the transportation company’s stock valued at $12,421,000 after purchasing an additional 6,776 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 5.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 1,953 shares of the transportation company’s stock valued at $321,000 after buying an additional 108 shares during the last quarter. Blue Trust Inc. increased its position in Grupo Aeroportuario del Pacífico by 19.3% during the fourth quarter. Blue Trust Inc. now owns 685 shares of the transportation company’s stock worth $113,000 after buying an additional 111 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Grupo Aeroportuario del Pacífico by 300.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 43,200 shares of the transportation company’s stock valued at $7,101,000 after acquiring an additional 32,400 shares during the period. 11.73% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Pacífico Stock Up 0.6 %

PAC stock opened at $183.99 on Friday. The business’s fifty day moving average price is $158.80 and its two-hundred day moving average price is $153.29. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 2.64 and a beta of 1.46. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a fifty-two week low of $107.25 and a fifty-two week high of $196.66. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.13 and a quick ratio of 1.22.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its quarterly earnings results on Monday, February 26th. The transportation company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.18. The business had revenue of $520.93 million for the quarter. Grupo Aeroportuario del Pacífico had a net margin of 29.12% and a return on equity of 52.18%. On average, equities analysts anticipate that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating and increased their price target for the company from $135.00 to $175.00 in a report on Friday, January 26th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $175.00.

Grupo Aeroportuario del Pacífico Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.