Deutsche Bank AG Boosts Stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Deutsche Bank AG lifted its holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 82.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 758,512 shares of the transportation company’s stock after buying an additional 341,661 shares during the period. Deutsche Bank AG owned approximately 1.50% of Grupo Aeroportuario del Pacífico worth $132,732,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its position in Grupo Aeroportuario del Pacífico by 13.6% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the transportation company’s stock worth $78,000 after acquiring an additional 53 shares during the period. Signaturefd LLC raised its holdings in shares of Grupo Aeroportuario del Pacífico by 32.1% in the 4th quarter. Signaturefd LLC now owns 333 shares of the transportation company’s stock worth $58,000 after purchasing an additional 81 shares during the period. Financial Advocates Investment Management lifted its stake in Grupo Aeroportuario del Pacífico by 3.7% in the fourth quarter. Financial Advocates Investment Management now owns 2,487 shares of the transportation company’s stock valued at $435,000 after purchasing an additional 88 shares during the last quarter. US Bancorp DE grew its holdings in Grupo Aeroportuario del Pacífico by 22.1% during the fourth quarter. US Bancorp DE now owns 547 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 99 shares during the period. Finally, Geode Capital Management LLC increased its position in Grupo Aeroportuario del Pacífico by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 2,615 shares of the transportation company’s stock worth $458,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Analyst Upgrades and Downgrades

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

Grupo Aeroportuario del Pacífico Price Performance

Shares of NYSE:PAC opened at $217.17 on Friday. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12 month low of $146.62 and a 12 month high of $224.41. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The stock has a market cap of $10.97 billion, a P/E ratio of 21.59, a P/E/G ratio of 1.28 and a beta of 1.10. The company has a 50 day moving average of $192.45 and a 200 day moving average of $188.13.

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

About Grupo Aeroportuario del Pacífico

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.