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

Itau Unibanco Holding S.A. boosted its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 31.0% in the 4th quarter, Holdings Channel reports. The firm owned 174,266 shares of the transportation company’s stock after buying an additional 41,266 shares during the quarter. Grupo Aeroportuario del Pacífico accounts for approximately 1.0% of Itau Unibanco Holding S.A.’s portfolio, making the stock its 20th biggest position. Itau Unibanco Holding S.A.’s holdings in Grupo Aeroportuario del Pacífico were worth $30,495,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PAC. Northern Trust Corp boosted its holdings in shares of Grupo Aeroportuario del Pacífico by 1,688.3% in the fourth 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 period. Aquatic Capital Management LLC raised its position in Grupo Aeroportuario del Pacífico by 207.4% during the 4th quarter. Aquatic Capital Management LLC now owns 3,381 shares of the transportation company’s stock valued at $592,000 after purchasing an additional 2,281 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Grupo Aeroportuario del Pacífico by 22.1% during the 4th 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 purchasing an additional 190,955 shares in the last quarter. Uniplan Investment Counsel Inc. bought a new stake in Grupo Aeroportuario del Pacífico during the 4th quarter valued at $1,832,000. Finally, Tower Research Capital LLC TRC raised its position in 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 purchasing an additional 401 shares in the last quarter. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Stock Up 1.9 %

Shares of PAC stock opened at $203.63 on Thursday. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1-year low of $146.62 and a 1-year high of $206.79. The stock’s fifty day moving average price is $189.50 and its 200 day moving average price is $186.21. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.28 and a beta of 1.11.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last announced its 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). Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. The business had revenue of $541.03 million for the quarter, compared to analysts’ expectations of $554.93 million. On average, research analysts expect 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 weighed in on the company. Barclays reaffirmed an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Jefferies Financial Group raised Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and lifted their target price for the company from $140.00 to $210.00 in a research report on Wednesday, February 12th. Bank of America lowered Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 4th. Finally, StockNews.com raised Grupo Aeroportuario del Pacífico from a “sell” rating to a “hold” rating in a research report on Saturday, April 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Grupo Aeroportuario del Pacífico currently has a consensus rating of “Hold” and an average price target 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.