Deutsche Bank AG Raises Stock Holdings in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

Deutsche Bank AG raised its stake in Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 1,173.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 273,821 shares of the transportation company's stock after acquiring an additional 252,315 shares during the quarter. Deutsche Bank AG owned approximately 0.64% of Grupo Aeroportuario del Centro Norte worth $18,795,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of OMAB. Itau Unibanco Holding S.A. purchased a new stake in shares of Grupo Aeroportuario del Centro Norte during the 4th quarter valued at approximately $462,000. Parvin Asset Management LLC bought a new position in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter worth $850,000. AQR Capital Management LLC purchased a new position in shares of Grupo Aeroportuario del Centro Norte in the fourth quarter valued at $6,660,000. Northern Trust Corp raised its stake in shares of Grupo Aeroportuario del Centro Norte by 643.4% during the 4th quarter. Northern Trust Corp now owns 29,893 shares of the transportation company's stock valued at $2,052,000 after purchasing an additional 25,872 shares during the period. Finally, Uniplan Investment Counsel Inc. purchased a new stake in Grupo Aeroportuario del Centro Norte during the 4th quarter worth about $1,850,000. 9.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OMAB. The Goldman Sachs Group lifted their target price on Grupo Aeroportuario del Centro Norte from $89.00 to $106.00 and gave the company a "buy" rating in a report on Friday. Bank of America raised shares of Grupo Aeroportuario del Centro Norte from an "underperform" rating to a "neutral" rating in a report on Monday. Finally, Jefferies Financial Group raised their price target on shares of Grupo Aeroportuario del Centro Norte from $94.00 to $99.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $88.38.

Grupo Aeroportuario del Centro Norte Price Performance

NASDAQ:OMAB traded down $0.64 during midday trading on Tuesday, hitting $100.48. The company had a trading volume of 10,653 shares, compared to its average volume of 73,983. The company has a market capitalization of $4.27 billion, a PE ratio of 17.72 and a beta of 0.90. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a 52-week low of $59.08 and a 52-week high of $102.74. The stock's fifty day moving average price is $84.80 and its 200-day moving average price is $76.97.

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 (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.02. Grupo Aeroportuario del Centro Norte had a return on equity of 51.74% and a net margin of 35.31%. The business had revenue of $174.65 million during the quarter, compared to analyst estimates of $3.58 billion. As a group, research analysts expect that Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. will post 5.53 earnings per share for the current year.

Grupo Aeroportuario del Centro Norte Dividend Announcement

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

About Grupo Aeroportuario del Centro Norte

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.