Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC Shares Acquired by State of New Jersey Common Pension Fund D

Key Points

• State of New Jersey Common Pension Fund D increased its stake in Grupo Aeroportuario Del Pacifico by 18.2% in Q4 and now owns 27,648 shares worth about $7.29 million.
• Other institutions also built or opened positions — including Goldman Sachs (+65.8% to 39,976 shares), UBS Asset Management (new ~ $16.1M position) and Qube Research (+232% to 37,348 shares) — leaving institutional ownership at 11.73%.
• Analysts have a consensus rating of "Hold" (2 Buys, 4 Holds); PAC trades near $250.51 with a market cap of $12.66 billion and a P/E of 22.45.

State of New Jersey Common Pension Fund D lifted its position in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC - Free Report) by 18.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,648 shares of the transportation company's stock after buying an additional 4,249 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Grupo Aeroportuario Del Pacifico were worth $7,289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Grupo Aeroportuario Del Pacifico by 65.8% in the first quarter. Goldman Sachs Group Inc. now owns 39,976 shares of the transportation company's stock valued at $7,416,000 after purchasing an additional 15,862 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter worth approximately $16,136,000. Jane Street Group LLC purchased a new position in shares of Grupo Aeroportuario Del Pacifico during the 1st quarter worth approximately $730,000. Guggenheim Capital LLC increased its stake in shares of Grupo Aeroportuario Del Pacifico by 18.9% during the 2nd quarter. Guggenheim Capital LLC now owns 3,078 shares of the transportation company's stock worth $707,000 after purchasing an additional 489 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Grupo Aeroportuario Del Pacifico by 232.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 37,348 shares of the transportation company's stock worth $8,576,000 after purchasing an additional 26,099 shares in the last quarter. Institutional investors and hedge funds own 11.73% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PAC. Zacks Research raised shares of Grupo Aeroportuario Del Pacifico from a "strong sell" rating to a "hold" rating in a research note on Monday, February 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, January 22nd. Finally, Citigroup reissued a "neutral" rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Thursday, January 15th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Grupo Aeroportuario Del Pacifico currently has a consensus rating of "Hold".

Grupo Aeroportuario Del Pacifico Stock Down 0.5%

PAC opened at $250.51 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.50 and a quick ratio of 1.50. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 12 month low of $202.30 and a 12 month high of $300.41. The stock has a market capitalization of $12.66 billion, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98. The business has a 50-day moving average of $248.20 and a two-hundred day moving average of $249.47.

Grupo Aeroportuario Del Pacifico (NYSE:PAC - Get Free Report) last issued its earnings results on Tuesday, March 31st. The transportation company reported $3.72 earnings per share (EPS) for the quarter. Grupo Aeroportuario Del Pacifico had a return on equity of 43.12% and a net margin of 25.04%.The business had revenue of $635.54 million during the quarter. On average, research analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 12.62 earnings per share for the current year.

Grupo Aeroportuario Del Pacifico Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. NYSE: PAC, commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.

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