Itau Unibanco Holding S.A. Buys 41,266 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Itau Unibanco Holding S.A. boosted its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 31.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 174,266 shares of the transportation company’s stock after purchasing an additional 41,266 shares during the period. Grupo Aeroportuario del Pacífico makes up approximately 1.0% of Itau Unibanco Holding S.A.’s holdings, making the stock its 20th largest position. Itau Unibanco Holding S.A. owned about 0.34% of Grupo Aeroportuario del Pacífico worth $30,495,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Northern Trust Corp grew its position in Grupo Aeroportuario del Pacífico by 1,688.3% in the 4th quarter. Northern Trust Corp now owns 75,536 shares of the transportation company’s stock worth $13,218,000 after purchasing an additional 71,312 shares during the period. Aquatic Capital Management LLC grew its position in Grupo Aeroportuario del Pacífico by 207.4% in the 4th quarter. Aquatic Capital Management LLC now owns 3,381 shares of the transportation company’s stock worth $592,000 after purchasing an additional 2,281 shares during the period. Price T Rowe Associates Inc. MD grew its position in Grupo Aeroportuario del Pacífico by 22.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company’s stock worth $184,870,000 after purchasing an additional 190,955 shares during the period. Uniplan Investment Counsel Inc. bought a new stake in Grupo Aeroportuario del Pacífico in the 4th quarter worth approximately $1,832,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Grupo Aeroportuario del Pacífico by 8,020.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 401 shares during the period. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Stock Up 1.9 %

PAC opened at $203.63 on Thursday. The firm has a 50-day simple moving average of $189.50 and a two-hundred day simple moving average of $186.21. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52 week low of $146.62 and a 52 week high of $206.79. The company has a market capitalization of $10.29 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.28 and a beta of 1.11. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 2.08.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 EPS for the quarter, missing the consensus estimate of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. The company had revenue of $541.03 million for the quarter, compared to the consensus estimate of $554.93 million. Analysts forecast that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PAC shares. Barclays reissued an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Bank of America downgraded shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 4th. StockNews.com raised shares of Grupo Aeroportuario del Pacífico from a “sell” rating to a “hold” rating in a research report on Saturday, April 26th. Finally, Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and increased their price target for the stock from $140.00 to $210.00 in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $200.00.

Grupo Aeroportuario del Pacífico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.