Janney Montgomery Scott LLC Sells 2,289 Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Janney Montgomery Scott LLC cut its position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,553 shares of the transportation company’s stock after selling 2,289 shares during the period. Janney Montgomery Scott LLC owned 0.09% of Grupo Aeroportuario Del Pacifico worth $11,246,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lazard Asset Management LLC lifted its stake in Grupo Aeroportuario Del Pacifico by 21.8% during the 4th quarter. Lazard Asset Management LLC now owns 1,154,495 shares of the transportation company’s stock valued at $304,359,000 after acquiring an additional 206,914 shares in the last quarter. State Street Corp lifted its holdings in Grupo Aeroportuario Del Pacifico by 3.6% during the fourth quarter. State Street Corp now owns 403,691 shares of the transportation company’s stock valued at $106,425,000 after purchasing an additional 14,079 shares during the last quarter. Northcape Capital Pty Ltd boosted its holdings in Grupo Aeroportuario Del Pacifico by 1.7% in the 4th quarter. Northcape Capital Pty Ltd now owns 191,049 shares of the transportation company’s stock worth $51,589,000 after buying an additional 3,214 shares during the period. Itau Unibanco Holding S.A. bought a new position in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter worth $42,634,000. Finally, Dimensional Fund Advisors LP grew its holdings in Grupo Aeroportuario Del Pacifico by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 154,800 shares of the transportation company’s stock valued at $40,805,000 after buying an additional 6,085 shares in the last quarter. Institutional investors own 11.73% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Grupo Aeroportuario Del Pacifico has a consensus rating of “Hold”.

Grupo Aeroportuario Del Pacifico Stock Up 0.5%

Shares of NYSE PAC opened at $253.70 on Friday. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a one year low of $206.91 and a one year high of $300.41. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.50 and a quick ratio of 1.50. The firm’s 50 day simple moving average is $245.57 and its two-hundred day simple moving average is $255.43. The stock has a market capitalization of $12.82 billion, a P/E ratio of 22.73, a PEG ratio of 0.91 and a beta of 0.93.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last announced its quarterly earnings data on Tuesday, March 31st. The transportation company reported $3.72 earnings per share for the quarter. The firm had revenue of $635.54 million during the quarter. Grupo Aeroportuario Del Pacifico had a net margin of 25.04% and a return on equity of 43.12%. As a group, analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 12.64 EPS for the current fiscal year.

Grupo Aeroportuario Del Pacifico Company Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long?term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.