Lazard Asset Management LLC Buys 18,139 Shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Lazard Asset Management LLC grew its position in Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 1.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,172,634 shares of the transportation company’s stock after purchasing an additional 18,139 shares during the quarter. Lazard Asset Management LLC’s holdings in Grupo Aeroportuario Del Pacifico were worth $289,488,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PAC. Itau Unibanco Holding S.A. acquired a new stake in shares of Grupo Aeroportuario Del Pacifico in the fourth quarter worth $42,634,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Grupo Aeroportuario Del Pacifico in the 3rd quarter valued at $30,453,000. Fisher Funds Management LTD bought a new position in Grupo Aeroportuario Del Pacifico in the 4th quarter worth $25,933,000. Janney Montgomery Scott LLC raised its holdings in Grupo Aeroportuario Del Pacifico by 4,465.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 47,842 shares of the transportation company’s stock worth $12,613,000 after acquiring an additional 46,794 shares during the period. Finally, Empirical Finance LLC lifted its position in Grupo Aeroportuario Del Pacifico by 148.1% during the 1st quarter. Empirical Finance LLC now owns 74,607 shares of the transportation company’s stock worth $18,418,000 after acquiring an additional 44,531 shares during the last quarter. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Citigroup upgraded shares of Grupo Aeroportuario Del Pacifico from a “neutral” rating to a “buy” rating in a report on Monday, July 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research note on Wednesday, June 3rd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Grupo Aeroportuario Del Pacifico Trading Down 0.3%

Shares of Grupo Aeroportuario Del Pacifico stock opened at $215.59 on Monday. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 1 year low of $206.91 and a 1 year high of $300.41. The company’s fifty day simple moving average is $238.59 and its 200-day simple moving average is $251.43. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.50 and a beta of 0.93. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last released its earnings results on Tuesday, July 14th. The transportation company reported $2.80 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.30). Grupo Aeroportuario Del Pacifico had a net margin of 25.36% and a return on equity of 32.44%. The company had revenue of $645.23 million for the quarter, compared to analyst estimates of $732.26 million. As a group, sell-side analysts expect that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 11.24 EPS for the current 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.