Sei Investments Co. Grows Holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Sei Investments Co. increased its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 7.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,373 shares of the transportation company’s stock after acquiring an additional 927 shares during the quarter. Sei Investments Co.’s holdings in Grupo Aeroportuario del Pacífico were worth $2,083,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in Grupo Aeroportuario del Pacífico by 70.8% in the 1st quarter. BNP Paribas Financial Markets now owns 14,706 shares of the transportation company’s stock worth $2,400,000 after acquiring an additional 6,097 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Grupo Aeroportuario del Pacífico by 141.5% in the 1st quarter. Lazard Asset Management LLC now owns 481,256 shares of the transportation company’s stock worth $78,526,000 after acquiring an additional 281,966 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Grupo Aeroportuario del Pacífico in the 1st quarter worth approximately $2,676,000. Marshall Financial Group LLC purchased a new stake in Grupo Aeroportuario del Pacífico in the 2nd quarter worth approximately $867,000. Finally, SG Americas Securities LLC purchased a new stake in Grupo Aeroportuario del Pacífico in the 2nd quarter worth approximately $242,000. 11.73% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Pacífico Stock Up 2.6 %

Shares of PAC opened at $172.74 on Friday. The company has a market cap of $8.73 billion, a PE ratio of 15.45, a P/E/G ratio of 1.63 and a beta of 1.47. The business has a fifty day moving average of $167.89 and a 200 day moving average of $168.64. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52-week low of $107.25 and a 52-week high of $197.31. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.56.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its earnings results on Monday, July 22nd. The transportation company reported $2.55 earnings per share for the quarter, missing analysts’ consensus estimates of $3.01 by ($0.46). Grupo Aeroportuario del Pacífico had a return on equity of 47.50% and a net margin of 29.26%. The business had revenue of $421.54 million during the quarter. On average, sell-side analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 9.88 EPS for the current year.

Grupo Aeroportuario del Pacífico Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, August 2nd. Shareholders of record on Monday, July 22nd were paid a $3.8657 dividend. This is a positive change from Grupo Aeroportuario del Pacífico’s previous semi-annual dividend of $2.09. The ex-dividend date of this dividend was Monday, July 22nd. This represents a yield of 4.7%. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is presently 33.84%.

Analyst Ratings Changes

Several research firms have weighed in on PAC. Scotiabank downgraded Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $224.00 to $185.00 in a research note on Wednesday, September 25th. Bank of America upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 28th. The Goldman Sachs Group upped their price target on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Citigroup upgraded Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.00.

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.