Ethic Inc. Has $5.04 Million Stock Holdings in Copa Holdings, S.A. (NYSE:CPA)

Ethic Inc. increased its position in shares of Copa Holdings, S.A. (NYSE:CPA - Free Report) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,312 shares of the transportation company's stock after acquiring an additional 4,508 shares during the quarter. Ethic Inc. owned about 0.14% of Copa worth $5,037,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of Copa by 147.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 991 shares of the transportation company's stock valued at $87,000 after purchasing an additional 591 shares during the period. Envestnet Asset Management Inc. bought a new position in Copa in the fourth quarter valued at approximately $225,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Copa by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,685 shares of the transportation company's stock valued at $236,000 after buying an additional 521 shares during the period. SG Americas Securities LLC increased its position in shares of Copa by 90.0% during the fourth quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock worth $239,000 after acquiring an additional 1,288 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. acquired a new stake in shares of Copa during the fourth quarter worth $241,000. Institutional investors and hedge funds own 70.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CPA. StockNews.com raised Copa from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Cowen reissued a "buy" rating on shares of Copa in a research report on Wednesday. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $153.29.

Copa Stock Up 0.8%

Shares of Copa stock traded up $0.82 on Thursday, reaching $102.17. 181,251 shares of the company were exchanged, compared to its average volume of 309,082. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $92.01 and a 200 day moving average of $92.61. Copa Holdings, S.A. has a one year low of $80.01 and a one year high of $114.00. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 0.87 and a beta of 1.26.

Copa (NYSE:CPA - Get Free Report) last released its earnings results on Wednesday, May 7th. The transportation company reported $4.28 EPS for the quarter, beating the consensus estimate of $3.77 by $0.51. The firm had revenue of $899.18 million for the quarter, compared to analyst estimates of $888.82 million. Copa had a net margin of 17.67% and a return on equity of 26.70%. The business's quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the firm earned $4.19 EPS. On average, equities research analysts forecast that Copa Holdings, S.A. will post 15.48 earnings per share for the current year.

Copa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $1.61 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $6.44 annualized dividend and a dividend yield of 6.30%. Copa's dividend payout ratio is currently 43.96%.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.