Deutsche Bank AG Buys 341,661 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Deutsche Bank AG boosted its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 82.0% during the fourth quarter, Holdings Channel reports. The fund owned 758,512 shares of the transportation company’s stock after acquiring an additional 341,661 shares during the period. Deutsche Bank AG’s holdings in Grupo Aeroportuario del Pacífico were worth $132,732,000 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 company. Price T Rowe Associates Inc. MD grew its position in Grupo Aeroportuario del Pacífico by 22.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,056,454 shares of the transportation company’s stock valued at $184,870,000 after acquiring an additional 190,955 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Grupo Aeroportuario del Pacífico by 317.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company’s stock valued at $16,755,000 after purchasing an additional 72,798 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Grupo Aeroportuario del Pacífico by 1,688.3% during the 4th quarter. Northern Trust Corp now owns 75,536 shares of the transportation company’s stock valued at $13,218,000 after purchasing an additional 71,312 shares during the last quarter. Itau Unibanco Holding S.A. grew its holdings in shares of Grupo Aeroportuario del Pacífico by 31.0% during the 4th quarter. Itau Unibanco Holding S.A. now owns 174,266 shares of the transportation company’s stock valued at $30,495,000 after purchasing an additional 41,266 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. purchased a new position in Grupo Aeroportuario del Pacífico in the 4th quarter worth $1,832,000. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Trading Down 0.4 %

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

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 company had revenue of $541.03 million during the quarter, compared to the consensus estimate of $554.93 million. Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. On average, analysts forecast that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 earnings per share for the current year.

Analyst Upgrades and Downgrades

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