Ashoka WhiteOak Capital Pte Ltd Boosts Stock Position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Ashoka WhiteOak Capital Pte Ltd grew its holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 91.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,700 shares of the transportation company’s stock after buying an additional 3,200 shares during the quarter. Grupo Aeroportuario Del Pacifico accounts for 0.7% of Ashoka WhiteOak Capital Pte Ltd’s investment portfolio, making the stock its 15th largest position. Ashoka WhiteOak Capital Pte Ltd’s holdings in Grupo Aeroportuario Del Pacifico were worth $1,763,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Crossmark Global Holdings Inc. purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter valued at approximately $524,000. State of New Jersey Common Pension Fund D increased its position in shares of Grupo Aeroportuario Del Pacifico by 18.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 27,648 shares of the transportation company’s stock valued at $7,289,000 after buying an additional 4,249 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter valued at approximately $216,000. Kestra Private Wealth Services LLC purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter valued at approximately $730,000. Finally, Novem Group purchased a new stake in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter valued at approximately $1,239,000. 11.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PAC has been the subject of a number of recent analyst reports. Zacks Research upgraded Grupo Aeroportuario Del Pacifico from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Citigroup restated a “neutral” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Grupo Aeroportuario Del Pacifico Stock Performance

Shares of NYSE:PAC opened at $246.63 on Tuesday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.50 and a quick ratio of 1.50. The business’s 50 day moving average price is $245.52 and its 200-day moving average price is $250.69. The firm has a market capitalization of $12.46 billion, a PE ratio of 22.10, a P/E/G ratio of 1.45 and a beta of 0.98. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1 year low of $206.91 and a 1 year high of $300.41.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its quarterly earnings data 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%. As a group, equities research analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 12.62 earnings per share for the current fiscal year.

Grupo Aeroportuario Del Pacifico Company Profile

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.