Raymond James Financial Inc. Purchases Shares of 4,998 Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Raymond James Financial Inc. acquired a new stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,998 shares of the transportation company’s stock, valued at approximately $875,000.

Several other institutional investors also recently modified their holdings of PAC. Blue Trust Inc. grew its holdings in Grupo Aeroportuario del Pacífico by 13.6% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the transportation company’s stock worth $78,000 after purchasing an additional 53 shares during the period. Financial Advocates Investment Management boosted its stake in shares of Grupo Aeroportuario del Pacífico by 3.7% during the 4th quarter. Financial Advocates Investment Management now owns 2,487 shares of the transportation company’s stock worth $435,000 after acquiring an additional 88 shares during the period. US Bancorp DE increased its holdings in shares of Grupo Aeroportuario del Pacífico by 22.1% during the 4th quarter. US Bancorp DE now owns 547 shares of the transportation company’s stock worth $96,000 after acquiring an additional 99 shares during the last quarter. Centiva Capital LP lifted its holdings in Grupo Aeroportuario del Pacífico by 7.2% during the 3rd quarter. Centiva Capital LP now owns 2,447 shares of the transportation company’s stock valued at $426,000 after purchasing an additional 165 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Grupo Aeroportuario del Pacífico by 7.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,465 shares of the transportation company’s stock valued at $429,000 after purchasing an additional 175 shares during the last quarter. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PAC. Bank of America lowered shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 4th. Jefferies Financial Group upgraded Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $140.00 to $210.00 in a report on Wednesday, February 12th. StockNews.com lowered Grupo Aeroportuario del Pacífico from a “hold” rating to a “sell” rating in a research note on Saturday, March 29th. Finally, Barclays restated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Grupo Aeroportuario del Pacífico currently has an average rating of “Hold” and a consensus price target of $200.00.

Grupo Aeroportuario del Pacífico Price Performance

Shares of NYSE PAC opened at $180.22 on Friday. The business has a fifty day moving average price of $190.38 and a two-hundred day moving average price of $184.42. The stock has a market capitalization of $9.11 billion, a PE ratio of 17.91, a P/E/G ratio of 1.28 and a beta of 1.11. 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, S.A.B. de C.V. has a fifty-two week low of $146.62 and a fifty-two week high of $205.35.

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.