Price T Rowe Associates Inc. MD Increases Holdings in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Price T Rowe Associates Inc. MD grew its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 22.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,056,454 shares of the transportation company's stock after buying an additional 190,955 shares during the period. Price T Rowe Associates Inc. MD owned approximately 2.09% of Grupo Aeroportuario del Pacífico worth $184,870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PAC. Signaturefd LLC increased its position in Grupo Aeroportuario del Pacífico by 32.1% during the fourth quarter. Signaturefd LLC now owns 333 shares of the transportation company's stock valued at $58,000 after acquiring an additional 81 shares during the last quarter. Fifth Third Bancorp lifted its position in Grupo Aeroportuario del Pacífico by 327.4% during the fourth quarter. Fifth Third Bancorp now owns 359 shares of the transportation company's stock valued at $63,000 after purchasing an additional 275 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Grupo Aeroportuario del Pacífico by 8,020.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 406 shares of the transportation company's stock worth $71,000 after buying an additional 401 shares in the last quarter. Blue Trust Inc. raised its stake in Grupo Aeroportuario del Pacífico by 13.6% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the transportation company's stock worth $78,000 after acquiring an additional 53 shares during the period. Finally, US Bancorp DE boosted its position in shares of Grupo Aeroportuario del Pacífico by 22.1% in the fourth quarter. US Bancorp DE now owns 547 shares of the transportation company's stock worth $96,000 after purchasing an additional 99 shares during the period. 11.73% of the stock is owned by institutional investors.

Grupo Aeroportuario del Pacífico Trading Up 0.5 %

NYSE:PAC traded up $1.05 during midday trading on Friday, hitting $204.58. 28,068 shares of the company traded hands, compared to its average volume of 70,285. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12-month low of $146.62 and a 12-month high of $207.77. The firm has a market capitalization of $10.34 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.28 and a beta of 1.11. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08. The firm's fifty day moving average is $189.66 and its 200-day moving average is $186.40.

Grupo Aeroportuario del Pacífico (NYSE:PAC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $2.72 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 the consensus estimate of $554.93 million. Grupo Aeroportuario del Pacífico had a net margin of 27.04% and a return on equity of 43.75%. On average, sell-side analysts predict that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.