First Trust Direct Indexing L.P. Has $308,000 Stock Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

First Trust Direct Indexing L.P. lowered its holdings in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 4.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,772 shares of the transportation company’s stock after selling 88 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Grupo Aeroportuario del Pacífico were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of PAC. Albert D Mason Inc. raised its holdings in Grupo Aeroportuario del Pacífico by 0.5% during the third quarter. Albert D Mason Inc. now owns 12,645 shares of the transportation company’s stock valued at $2,200,000 after buying an additional 63 shares in the last quarter. Signaturefd LLC raised its stake in shares of Grupo Aeroportuario del Pacífico by 34.0% in the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 64 shares in the last quarter. Sei Investments Co. lifted its holdings in Grupo Aeroportuario del Pacífico by 0.6% in the 1st quarter. Sei Investments Co. now owns 12,446 shares of the transportation company’s stock worth $2,031,000 after purchasing an additional 73 shares during the last quarter. Blue Trust Inc. boosted its position in Grupo Aeroportuario del Pacífico by 37.3% during the third quarter. Blue Trust Inc. now owns 390 shares of the transportation company’s stock worth $68,000 after purchasing an additional 106 shares during the period. Finally, Outlook Wealth Advisors LLC grew its holdings in Grupo Aeroportuario del Pacífico by 9.6% during the third quarter. Outlook Wealth Advisors LLC now owns 2,136 shares of the transportation company’s stock valued at $372,000 after purchasing an additional 187 shares during the last quarter. Institutional investors and hedge funds own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Stock Performance

NYSE:PAC opened at $169.75 on Tuesday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The firm’s 50-day moving average is $174.36 and its 200-day moving average is $170.71. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52-week low of $125.29 and a 52-week high of $197.31. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.53 and a beta of 1.46.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PAC. The Goldman Sachs Group boosted their price objective on shares of 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. JPMorgan Chase & Co. restated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Thursday, September 5th. Bank of America upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 28th. Scotiabank downgraded Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $224.00 to $185.00 in a research note on Wednesday, September 25th. Finally, Citigroup raised Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

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.