Raymond James Financial Inc. Buys New Shares in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Raymond James Financial Inc. purchased a new position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,998 shares of the transportation company's stock, valued at approximately $875,000.

A number of other institutional investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its position in shares of Grupo Aeroportuario del Pacífico by 21.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 8,018 shares of the transportation company's stock worth $1,403,000 after purchasing an additional 1,436 shares during the last quarter. Pitcairn Co. boosted its holdings in Grupo Aeroportuario del Pacífico by 8.0% during the fourth quarter. Pitcairn Co. now owns 4,677 shares of the transportation company's stock worth $818,000 after buying an additional 346 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Grupo Aeroportuario del Pacífico by 6.1% during the 4th quarter. Geode Capital Management LLC now owns 2,615 shares of the transportation company's stock worth $458,000 after buying an additional 150 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Grupo Aeroportuario del Pacífico by 8.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,551 shares of the transportation company's stock valued at $1,321,000 after acquiring an additional 590 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Grupo Aeroportuario del Pacífico by 317.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company's stock valued at $16,755,000 after acquiring an additional 72,798 shares during the period. Institutional investors and hedge funds own 11.73% of the company's stock.

Analysts Set New Price Targets

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

Grupo Aeroportuario del Pacífico Stock Down 0.4 %

Shares of PAC traded down $0.96 during midday trading on Friday, hitting $217.17. The stock had a trading volume of 54,088 shares, compared to its average volume of 71,266. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10. The company has a 50 day simple moving average of $191.84 and a two-hundred day simple moving average of $187.72. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a twelve month low of $146.62 and a twelve month high of $224.41. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50.

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

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.