Jane Street Group LLC Reduces Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Jane Street Group LLC lessened its stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 78.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,091 shares of the transportation company’s stock after selling 7,799 shares during the period. Jane Street Group LLC’s holdings in Grupo Aeroportuario del Pacífico were worth $364,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp raised its position in shares of Grupo Aeroportuario del Pacífico by 11.0% in the third quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock worth $65,187,000 after acquiring an additional 37,005 shares during the period. Northcape Capital Pty Ltd grew its stake in shares of Grupo Aeroportuario del Pacífico by 1.6% in the 3rd quarter. Northcape Capital Pty Ltd now owns 164,368 shares of the transportation company’s stock valued at $28,603,000 after buying an additional 2,557 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Grupo Aeroportuario del Pacífico by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 138,103 shares of the transportation company’s stock worth $21,515,000 after purchasing an additional 5,481 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of Grupo Aeroportuario del Pacífico during the 3rd quarter worth approximately $23,145,000. Finally, 1832 Asset Management L.P. purchased a new position in Grupo Aeroportuario del Pacífico in the 2nd quarter valued at approximately $13,976,000. Institutional investors own 11.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PAC shares. UBS Group raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 26th. Scotiabank lowered shares of Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Grupo Aeroportuario del Pacífico has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Grupo Aeroportuario del Pacífico Price Performance

Shares of PAC opened at $184.14 on Thursday. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 52-week low of $139.64 and a 52-week high of $200.00. 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 business’s 50 day moving average price is $182.87 and its two-hundred day moving average price is $172.62. The firm has a market cap of $9.30 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.66 and a beta of 1.46.

Grupo Aeroportuario del Pacífico Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a dividend of $3.7626 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $15.05 annualized dividend and a yield of 8.17%. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is currently 19.18%.

Grupo Aeroportuario del Pacífico 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.