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

Deutsche Bank AG raised its stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 82.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 758,512 shares of the transportation company's stock after acquiring an additional 341,661 shares during the period. Deutsche Bank AG owned approximately 1.50% of Grupo Aeroportuario del Pacífico worth $132,732,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PAC. Signaturefd LLC lifted its stake in Grupo Aeroportuario del Pacífico by 32.1% during the 4th quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock valued at $58,000 after acquiring an additional 81 shares during the period. Fifth Third Bancorp lifted its stake in Grupo Aeroportuario del Pacífico by 327.4% during the 4th quarter. Fifth Third Bancorp now owns 359 shares of the transportation company's stock valued at $63,000 after acquiring an additional 275 shares during the period. Tower Research Capital LLC TRC lifted its stake 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 acquiring an additional 401 shares during the period. Blue Trust Inc. lifted its stake in Grupo Aeroportuario del Pacífico by 13.6% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company's stock valued at $78,000 after acquiring an additional 53 shares during the period. Finally, US Bancorp DE lifted its stake in Grupo Aeroportuario del Pacífico by 22.1% during the 4th quarter. US Bancorp DE now owns 547 shares of the transportation company's stock valued at $96,000 after acquiring an additional 99 shares during the period. Institutional investors own 11.73% of the company's stock.

Analyst Ratings Changes

PAC has been the topic of several recent research reports. Barclays reiterated an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research note 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. StockNews.com upgraded shares of Grupo Aeroportuario del Pacífico from a "sell" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and increased their price objective for the stock from $140.00 to $210.00 in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, five have issued 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, the stock has an average rating of "Hold" and a consensus price target of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

Grupo Aeroportuario del Pacífico stock traded down $5.69 during midday trading on Friday, hitting $220.01. The stock had a trading volume of 30,341 shares, compared to its average volume of 72,351. The firm's fifty day moving average is $194.93 and its two-hundred day moving average is $189.25. The company has a market capitalization of $11.12 billion, a PE ratio of 21.85, a P/E/G ratio of 1.28 and a beta of 1.10. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52-week low of $146.62 and a 52-week high of $225.99. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $2.72 earnings per share (EPS) 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 analysts' expectations of $554.93 million. Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. On average, research analysts forecast that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 EPS for the current 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.