BlackRock Inc. Has $47.59 Million Stake in Grupo Aeroportuario del Pac�fico (PAC)

BlackRock Inc. lifted its position in Grupo Aeroportuario del Pac�fico (NYSE:PAC) by 42.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 463,117 shares of the transportation company’s stock after purchasing an additional 138,112 shares during the period. BlackRock Inc.’s holdings in Grupo Aeroportuario del Pac�fico were worth $47,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Grupo Aeroportuario del Pac�fico in the third quarter worth $109,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Grupo Aeroportuario del Pac�fico in the fourth quarter worth $364,000. Wells Fargo & Company MN increased its stake in shares of Grupo Aeroportuario del Pac�fico by 38.7% in the fourth quarter. Wells Fargo & Company MN now owns 4,053 shares of the transportation company’s stock worth $417,000 after purchasing an additional 1,130 shares in the last quarter. Northcape Capital Pty Ltd increased its stake in shares of Grupo Aeroportuario del Pac�fico by 106.1% in the fourth quarter. Northcape Capital Pty Ltd now owns 5,424 shares of the transportation company’s stock worth $557,000 after purchasing an additional 2,792 shares in the last quarter. Finally, Eqis Capital Management Inc. increased its stake in shares of Grupo Aeroportuario del Pac�fico by 11.0% in the fourth quarter. Eqis Capital Management Inc. now owns 7,561 shares of the transportation company’s stock worth $777,000 after purchasing an additional 749 shares in the last quarter. 7.24% of the stock is owned by hedge funds and other institutional investors.

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A number of analysts have recently issued reports on PAC shares. Morgan Stanley raised shares of Grupo Aeroportuario del Pac�fico from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, February 20th. Zacks Investment Research raised shares of Grupo Aeroportuario del Pac�fico from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Grupo Aeroportuario del Pac�fico has a consensus rating of “Hold” and an average target price of $108.50.

PAC opened at $104.03 on Friday. The firm has a market cap of $5,766.52, a P/E ratio of 25.44, a P/E/G ratio of 4.56 and a beta of 0.39. Grupo Aeroportuario del Pac�fico has a fifty-two week low of $87.66 and a fifty-two week high of $119.87. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.91 and a quick ratio of 2.04.

Grupo Aeroportuario del Pac�fico (NYSE:PAC) last posted its earnings results on Friday, February 23rd. The transportation company reported $1.18 earnings per share for the quarter. The company had revenue of $161.90 million during the quarter. Grupo Aeroportuario del Pac�fico had a net margin of 40.20% and a return on equity of 23.02%. research analysts predict that Grupo Aeroportuario del Pac�fico will post 4.8 EPS for the current year.

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Grupo Aeroportuario del Pac�fico Profile

Grupo Aeroportuario del Pacífico, SAB. de C.V. operates airports primarily in Mexico's Pacific region. It has 12 airports in Guadalajara, Puerto Vallarta, Tijuana, San Jose del Cabo, Silao (Guanajuato), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes, as well as 1 international airport in Jamaica.

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Institutional Ownership by Quarter for Grupo Aeroportuario del Pac�fico (NYSE:PAC)

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