Janney Montgomery Scott LLC Raises Stock Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Janney Montgomery Scott LLC raised its stake in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 86,233 shares of the transportation company’s stock after buying an additional 2,918 shares during the period. Janney Montgomery Scott LLC owned about 0.17% of Grupo Aeroportuario del Pacífico worth $15,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PAC. BNP Paribas Financial Markets increased its position in Grupo Aeroportuario del Pacífico by 70.8% during the first quarter. BNP Paribas Financial Markets now owns 14,706 shares of the transportation company’s stock valued at $2,400,000 after acquiring an additional 6,097 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Grupo Aeroportuario del Pacífico by 0.6% in the 1st quarter. Sei Investments Co. now owns 12,446 shares of the transportation company’s stock worth $2,031,000 after purchasing an additional 73 shares during the period. Russell Investments Group Ltd. grew its position in Grupo Aeroportuario del Pacífico by 3.0% during the first quarter. Russell Investments Group Ltd. now owns 101,851 shares of the transportation company’s stock valued at $16,619,000 after buying an additional 2,941 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in Grupo Aeroportuario del Pacífico by 8.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 31,464 shares of the transportation company’s stock valued at $5,128,000 after buying an additional 2,385 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Grupo Aeroportuario del Pacífico in the first quarter worth approximately $2,676,000. 11.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PAC has been the subject of a number of recent research reports. Bank of America raised shares of Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 28th. Scotiabank cut Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. The Goldman Sachs Group increased their target price on shares of Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Citigroup raised shares of Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Grupo Aeroportuario del Pacífico presently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Grupo Aeroportuario del Pacífico Stock Performance

NYSE:PAC opened at $172.15 on Wednesday. The stock has a 50-day moving average price of $174.50 and a 200 day moving average price of $170.81. The stock has a market capitalization of $8.70 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.46 and a beta of 1.46. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a 12-month low of $125.29 and a 12-month high of $197.31. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 2.08.

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.