Lazard Asset Management LLC Has $116.46 Million Stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Lazard Asset Management LLC boosted its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the SEC. 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 approximately 1.32% of Grupo Aeroportuario del Pacífico worth $116,455,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PAC. Ethic Inc. grew its position in shares of Grupo Aeroportuario del Pacífico by 11.9% in the fourth quarter. Ethic Inc. now owns 1,846 shares of the transportation company's stock valued at $323,000 after purchasing an additional 197 shares during the last quarter. Deutsche Bank AG boosted its stake in Grupo Aeroportuario del Pacífico by 82.0% in the 4th quarter. Deutsche Bank AG now owns 758,512 shares of the transportation company's stock valued at $132,732,000 after purchasing an additional 341,661 shares during the period. Bank of America Corp DE grew its holdings in Grupo Aeroportuario del Pacífico by 60.2% in the 4th quarter. Bank of America Corp DE now owns 17,736 shares of the transportation company's stock valued at $3,104,000 after buying an additional 6,665 shares in the last quarter. BNP Paribas Financial Markets increased its position in Grupo Aeroportuario del Pacífico by 9.6% during the 4th quarter. BNP Paribas Financial Markets now owns 23,234 shares of the transportation company's stock worth $4,066,000 after buying an additional 2,028 shares during the period. Finally, Itau Unibanco Holding S.A. lifted its holdings in shares of Grupo Aeroportuario del Pacífico by 31.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 174,266 shares of the transportation company's stock worth $30,495,000 after buying an additional 41,266 shares in the last quarter. 11.73% of the stock is owned by institutional investors.

Grupo Aeroportuario del Pacífico Price Performance

Grupo Aeroportuario del Pacífico stock traded up $4.29 during trading hours on Thursday, reaching $224.96. 145,206 shares of the stock were exchanged, compared to its average volume of 72,432. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a twelve month low of $146.62 and a twelve month high of $225.78. The company has a market cap of $11.37 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10. The stock has a 50 day moving average of $194.11 and a two-hundred day moving average of $188.94.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PAC shares. Jefferies Financial Group upgraded shares of Grupo Aeroportuario del Pacífico from an "underperform" rating to a "hold" rating and upped their price target for the company from $140.00 to $210.00 in a research note on Wednesday, February 12th. StockNews.com upgraded shares of Grupo Aeroportuario del Pacífico from a "sell" rating to a "hold" rating in a research report on Saturday, April 26th. Barclays reiterated an "equal weight" rating on shares of Grupo Aeroportuario del Pacífico in a research report on Tuesday, January 21st. Finally, Bank of America cut Grupo Aeroportuario del Pacífico from a "buy" rating to a "neutral" rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $200.00.

Grupo Aeroportuario del Pacífico Company Profile

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.