Northern Trust Corp Buys 25,872 Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Northern Trust Corp grew its holdings in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 643.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,893 shares of the transportation company's stock after purchasing an additional 25,872 shares during the quarter. Northern Trust Corp owned 0.07% of Grupo Aeroportuario del Centro Norte worth $2,052,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of OMAB. Uniplan Investment Counsel Inc. acquired a new stake in Grupo Aeroportuario del Centro Norte during the fourth quarter worth approximately $1,850,000. Tower Research Capital LLC TRC grew its holdings in Grupo Aeroportuario del Centro Norte by 3,581.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 405 shares of the transportation company's stock worth $28,000 after acquiring an additional 394 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of Grupo Aeroportuario del Centro Norte by 3.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 27,098 shares of the transportation company's stock valued at $1,858,000 after purchasing an additional 802 shares during the period. Invesco Ltd. increased its stake in Grupo Aeroportuario del Centro Norte by 7.9% in the 4th quarter. Invesco Ltd. now owns 17,206 shares of the transportation company's stock valued at $1,181,000 after purchasing an additional 1,257 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Grupo Aeroportuario del Centro Norte by 14.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 31,517 shares of the transportation company's stock worth $2,163,000 after buying an additional 4,048 shares in the last quarter. Institutional investors and hedge funds own 9.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OMAB shares. JPMorgan Chase & Co. restated an "underweight" rating on shares of Grupo Aeroportuario del Centro Norte in a research report on Friday, May 23rd. Jefferies Financial Group boosted their target price on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. The Goldman Sachs Group raised their price target on shares of Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Bank of America raised shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Grupo Aeroportuario del Centro Norte presently has an average rating of "Hold" and a consensus price target of $88.38.

Grupo Aeroportuario del Centro Norte Stock Performance

NASDAQ:OMAB traded up $1.21 during midday trading on Friday, reaching $98.66. The stock had a trading volume of 8,452 shares, compared to its average volume of 73,758. The stock has a market capitalization of $4.20 billion, a P/E ratio of 17.40 and a beta of 0.90. The firm's fifty day simple moving average is $87.71 and its 200-day simple moving average is $78.62. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 1-year low of $59.08 and a 1-year high of $102.74. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.08 and a quick ratio of 1.08.

Grupo Aeroportuario del Centro Norte (NASDAQ:OMAB - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.02. The business had revenue of $174.65 million for the quarter, compared to analyst estimates of $3.58 billion. Grupo Aeroportuario del Centro Norte had a net margin of 35.31% and a return on equity of 51.74%. On average, equities research analysts forecast that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 EPS for the current fiscal year.

Grupo Aeroportuario del Centro Norte Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, May 23rd will be issued a $2.1363 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 4.1%. Grupo Aeroportuario del Centro Norte's dividend payout ratio is currently 42.75%.

Grupo Aeroportuario del Centro Norte Company Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.