Dimensional Fund Advisors LP Sells 4,086 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Dimensional Fund Advisors LP reduced its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 135,402 shares of the transportation company’s stock after selling 4,086 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.27% of Grupo Aeroportuario del Pacífico worth $23,698,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of PAC. Northcape Capital Pty Ltd boosted its position in Grupo Aeroportuario del Pacífico by 4.5% during the fourth quarter. Northcape Capital Pty Ltd now owns 171,841 shares of the transportation company’s stock valued at $30,070,000 after acquiring an additional 7,473 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of Grupo Aeroportuario del Pacífico by 7.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 2,908 shares of the transportation company’s stock valued at $509,000 after purchasing an additional 194 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Grupo Aeroportuario del Pacífico by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 811 shares of the transportation company’s stock valued at $144,000 after purchasing an additional 237 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Grupo Aeroportuario del Pacífico by 26.2% during the third quarter. JPMorgan Chase & Co. now owns 2,158 shares of the transportation company’s stock worth $376,000 after purchasing an additional 448 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in Grupo Aeroportuario del Pacífico by 7.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 92,372 shares of the transportation company’s stock worth $16,164,000 after purchasing an additional 6,139 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Grupo Aeroportuario del Pacífico Price Performance

Shares of NYSE:PAC opened at $208.58 on Wednesday. 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 stock has a market cap of $10.54 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10. The stock’s fifty day simple moving average is $190.57 and its two-hundred day simple moving average is $187.18. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 1-year low of $146.62 and a 1-year high of $208.97.

Grupo Aeroportuario del Pacífico (NYSE:PAC) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $2.72 earnings per share 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 for the quarter, compared to the consensus estimate of $554.93 million. As a group, analysts forecast that Grupo Aeroportuario del Pacífico, S.A.B. de C.V. will post 10 EPS for the current fiscal year.

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.