Lazard Asset Management LLC Acquires 25,918 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Lazard Asset Management LLC raised its holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 665,506 shares of the transportation company's stock after buying an additional 25,918 shares during the period. Lazard Asset Management LLC owned 1.32% of Grupo Aeroportuario del Pacífico worth $116,455,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in Grupo Aeroportuario del Pacífico by 13.6% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company's stock valued at $78,000 after buying an additional 53 shares during the last quarter. Signaturefd LLC increased its stake in Grupo Aeroportuario del Pacífico by 32.1% in the 4th quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock valued at $58,000 after buying an additional 81 shares during the last quarter. Financial Advocates Investment Management increased its stake in Grupo Aeroportuario del Pacífico by 3.7% in the 4th quarter. Financial Advocates Investment Management now owns 2,487 shares of the transportation company's stock valued at $435,000 after buying an additional 88 shares during the last quarter. US Bancorp DE grew its position in shares of Grupo Aeroportuario del Pacífico by 22.1% in the 4th quarter. US Bancorp DE now owns 547 shares of the transportation company's stock valued at $96,000 after acquiring an additional 99 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Grupo Aeroportuario del Pacífico by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 2,615 shares of the transportation company's stock valued at $458,000 after acquiring an additional 150 shares during the period. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PAC. StockNews.com raised shares of Grupo Aeroportuario del Pacífico from a "sell" rating to a "hold" rating in a research report on Saturday, April 26th. Barclays reissued an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Jefferies Financial Group raised shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and lifted their price objective for the company from $140.00 to $210.00 in a research report on Wednesday, February 12th. Finally, Bank of America downgraded shares of Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Grupo Aeroportuario del Pacífico presently has an average rating of "Hold" and a consensus price target of $200.00.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of PAC stock traded down $3.53 during midday trading on Friday, hitting $222.17. 99,963 shares of the company were exchanged, compared to its average volume of 72,736. The firm has a market capitalization of $11.23 billion, a P/E ratio of 22.08, a PEG ratio of 1.28 and a beta of 1.10. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. The firm's 50 day moving average price is $195.74 and its two-hundred day moving average price is $189.55. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52 week low of $146.62 and a 52 week high of $225.95.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $2.72 earnings per share for the quarter, missing the consensus estimate of $3.13 by ($0.41). Grupo Aeroportuario del Pacífico had a return on equity of 43.75% and a net margin of 27.04%. The business had revenue of $541.03 million during the quarter, compared to analyst estimates of $554.93 million. As a group, equities research analysts anticipate that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 earnings per share for the current year.

About Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and manage airports in Mexico and Jamaica. The company operates twelve international airports in Guadalajara and Tijuana areas, Mexico; and two international airports in Montego Bay, Jamaica.