Russell Investments Group Ltd. Raises Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Russell Investments Group Ltd. lifted its stake in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 4.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,910 shares of the transportation company’s stock after purchasing an additional 4,590 shares during the period. Russell Investments Group Ltd.’s holdings in Grupo Aeroportuario del Pacífico were worth $17,331,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PAC. Quantbot Technologies LP bought a new position in shares of Grupo Aeroportuario del Pacífico in the third quarter worth approximately $74,000. Mondrian Investment Partners LTD increased its stake in Grupo Aeroportuario del Pacífico by 22.0% in the 3rd quarter. Mondrian Investment Partners LTD now owns 665 shares of the transportation company’s stock worth $109,000 after buying an additional 120 shares in the last quarter. Blue Trust Inc. increased its stake in Grupo Aeroportuario del Pacífico by 19.3% in the 4th quarter. Blue Trust Inc. now owns 685 shares of the transportation company’s stock worth $113,000 after buying an additional 111 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Grupo Aeroportuario del Pacífico by 8.1% during the third quarter. New York State Common Retirement Fund now owns 1,222 shares of the transportation company’s stock valued at $201,000 after acquiring an additional 92 shares during the period. Finally, QRG Capital Management Inc. purchased a new position in shares of Grupo Aeroportuario del Pacífico in the third quarter valued at about $220,000. 11.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating and lifted their target price for the company from $135.00 to $175.00 in a research note on Friday, January 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Grupo Aeroportuario del Pacífico presently has an average rating of “Moderate Buy” and a consensus target price of $175.00.

Grupo Aeroportuario del Pacífico Price Performance

Shares of NYSE:PAC opened at $183.99 on Friday. The firm has a market cap of $9.30 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 2.64 and a beta of 1.46. The firm has a fifty day moving average price of $158.80 and a 200 day moving average price of $153.29. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a fifty-two week low of $107.25 and a fifty-two week high of $196.66. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.22 and a current ratio of 1.13.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its quarterly earnings data on Monday, February 26th. The transportation company reported $2.55 EPS for the quarter, beating the consensus estimate of $2.37 by $0.18. Grupo Aeroportuario del Pacífico had a net margin of 29.12% and a return on equity of 52.18%. The business had revenue of $520.93 million during the quarter. As a group, sell-side analysts expect that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10.76 earnings per share for the current fiscal year.

About Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico, SAB. de C.V., together with its subsidiaries, manages, operates, and develops airports primarily in Mexico's Pacific region. The company was incorporated in 1998 and is headquartered in Guadalajara, Mexico.