Pitcairn Co. Has $818,000 Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Pitcairn Co. grew its position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 8.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,677 shares of the transportation company’s stock after buying an additional 346 shares during the period. Pitcairn Co.’s holdings in Grupo Aeroportuario del Pacífico were worth $818,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PAC. Arrowstreet Capital Limited Partnership grew its stake in Grupo Aeroportuario del Pacífico by 317.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 95,750 shares of the transportation company’s stock valued at $16,755,000 after acquiring an additional 72,798 shares during the period. National Bank of Canada FI grew its position in shares of Grupo Aeroportuario del Pacífico by 7,927.9% in the 3rd quarter. National Bank of Canada FI now owns 48,970 shares of the transportation company’s stock valued at $8,521,000 after purchasing an additional 48,360 shares during the period. State Street Corp increased its stake in Grupo Aeroportuario del Pacífico by 11.0% during the 3rd quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock worth $65,187,000 after purchasing an additional 37,005 shares in the last quarter. FMR LLC raised its holdings in Grupo Aeroportuario del Pacífico by 1,454.3% during the 3rd quarter. FMR LLC now owns 19,367 shares of the transportation company’s stock worth $3,370,000 after buying an additional 18,121 shares during the period. Finally, Northcape Capital Pty Ltd lifted its stake in Grupo Aeroportuario del Pacífico by 4.5% in the fourth quarter. Northcape Capital Pty Ltd now owns 171,841 shares of the transportation company’s stock valued at $30,070,000 after buying an additional 7,473 shares in the last quarter. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Stock Performance

NYSE PAC opened at $180.22 on Friday. The firm’s 50 day simple moving average is $190.38 and its 200 day simple moving average is $184.42. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of 17.91, a P/E/G ratio of 1.28 and a beta of 1.11. 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, S.A.B. de C.V. has a 1 year low of $146.62 and a 1 year high of $205.35.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PAC shares. Bank of America lowered shares of Grupo Aeroportuario del Pacífico from a “buy” rating to a “neutral” rating in a report on Tuesday, March 4th. Jefferies Financial Group raised Grupo Aeroportuario del Pacífico from an “underperform” rating to a “hold” rating and upped their price target for the stock from $140.00 to $210.00 in a research report on Wednesday, February 12th. Barclays restated an “equal weight” rating on shares of Grupo Aeroportuario del Pacífico in a report on Tuesday, January 21st. Finally, StockNews.com lowered shares of Grupo Aeroportuario del Pacífico from a “hold” rating to a “sell” rating in a research note on Saturday, March 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $200.00.

About Grupo Aeroportuario del Pacífico

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.