Northern Trust Corp Acquires 3,433 Shares of Copa Holdings, S.A. (NYSE:CPA)

Northern Trust Corp raised its stake in Copa Holdings, S.A. (NYSE:CPA - Free Report) by 19.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,850 shares of the transportation company's stock after buying an additional 3,433 shares during the period. Northern Trust Corp's holdings in Copa were worth $1,832,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC raised its position in shares of Copa by 44.2% during the third quarter. Barclays PLC now owns 24,721 shares of the transportation company's stock worth $2,319,000 after purchasing an additional 7,576 shares during the period. SG Americas Securities LLC increased its stake in Copa by 90.0% in the 4th quarter. SG Americas Securities LLC now owns 2,719 shares of the transportation company's stock worth $239,000 after purchasing an additional 1,288 shares in the last quarter. Oldfield Partners LLP increased its stake in Copa by 12.2% in the 4th quarter. Oldfield Partners LLP now owns 15,600 shares of the transportation company's stock worth $1,371,000 after purchasing an additional 1,700 shares in the last quarter. Kestra Investment Management LLC raised its holdings in Copa by 119.3% during the 4th quarter. Kestra Investment Management LLC now owns 18,568 shares of the transportation company's stock worth $1,632,000 after buying an additional 10,100 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Copa during the 4th quarter worth about $1,004,000. Institutional investors and hedge funds own 70.09% of the company's stock.

Copa Stock Up 0.5%

NYSE CPA traded up $0.50 during trading on Friday, reaching $108.71. 158,452 shares of the company's stock were exchanged, compared to its average volume of 312,414. The company has a current ratio of 1.10, a quick ratio of 0.99 and a debt-to-equity ratio of 0.60. Copa Holdings, S.A. has a fifty-two week low of $80.01 and a fifty-two week high of $110.56. The company's fifty day simple moving average is $94.59 and its 200-day simple moving average is $93.18. The firm has a market capitalization of $4.48 billion, a PE ratio of 7.47, a P/E/G ratio of 0.87 and a beta of 1.26.

Copa (NYSE:CPA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The transportation company reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.77 by $0.51. The business had revenue of $899.18 million during 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 firm's revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.19 earnings per share. Sell-side analysts predict that Copa Holdings, S.A. will post 15.48 EPS for the current year.

Copa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $1.61 dividend. The ex-dividend date is Friday, May 30th. This represents a $6.44 dividend on an annualized basis and a yield of 5.92%. Copa's payout ratio is 43.96%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Copa from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th. Cowen restated a "buy" rating on shares of Copa in a research report on Wednesday, May 14th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Copa currently has an average rating of "Moderate Buy" and a consensus target price of $153.00.

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.