Grupo Aeroportr dl Pcfco SAB de CV (PAC) Hits New 52-Week Low at $70.61

Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $70.61 and last traded at $71.21, with a volume of 3446 shares changing hands. The stock had previously closed at $72.30.

A number of research analysts recently issued reports on PAC shares. Bank of America started coverage on shares of Grupo Aeroportr dl Pcfco SAB de CV in a research note on Tuesday, August 28th. They issued a “neutral” rating and a $106.00 target price on the stock. Zacks Investment Research upgraded shares of Grupo Aeroportr dl Pcfco SAB de CV from a “sell” rating to a “hold” rating in a research note on Saturday, October 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Grupo Aeroportr dl Pcfco SAB de CV presently has a consensus rating of “Hold” and an average target price of $154.00.

The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.34 and a current ratio of 2.34. The company has a market cap of $3.94 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 3.05 and a beta of 0.70.

Grupo Aeroportr dl Pcfco SAB de CV (NYSE:PAC) last posted its earnings results on Thursday, October 25th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.33. The business had revenue of $186.39 million for the quarter. Grupo Aeroportr dl Pcfco SAB de CV had a net margin of 38.49% and a return on equity of 24.29%. Equities research analysts expect that Grupo Aeroportr dl Pcfco SAB de CV will post 4.6 EPS for the current year.

The business also recently declared a semiannual dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 23rd will be given a $1.8565 dividend. This represents a yield of 5.16%. This is a positive change from Grupo Aeroportr dl Pcfco SAB de CV’s previous semiannual dividend of $1.25. The ex-dividend date of this dividend is Wednesday, November 21st. Grupo Aeroportr dl Pcfco SAB de CV’s dividend payout ratio (DPR) is currently 114.43%.

A number of hedge funds and other institutional investors have recently bought and sold shares of PAC. Schroder Investment Management Group grew its position in Grupo Aeroportr dl Pcfco SAB de CV by 65.3% in the 3rd quarter. Schroder Investment Management Group now owns 398,501 shares of the transportation company’s stock worth $43,508,000 after purchasing an additional 157,440 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Grupo Aeroportr dl Pcfco SAB de CV by 8.5% during the 3rd quarter. Renaissance Technologies LLC now owns 655,300 shares of the transportation company’s stock worth $71,546,000 after acquiring an additional 51,500 shares during the period. Eagle Ridge Investment Management bought a new position in shares of Grupo Aeroportr dl Pcfco SAB de CV during the 2nd quarter worth about $4,456,000. BlackRock Inc. lifted its holdings in shares of Grupo Aeroportr dl Pcfco SAB de CV by 9.9% during the 3rd quarter. BlackRock Inc. now owns 513,842 shares of the transportation company’s stock worth $56,101,000 after acquiring an additional 46,143 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Grupo Aeroportr dl Pcfco SAB de CV during the 3rd quarter worth about $2,850,000. Institutional investors own 7.86% of the company’s stock.

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Grupo Aeroportr dl Pcfco SAB de CV Company Profile (NYSE:PAC)

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, Guanajuato (Bajío), Hermosillo, Mexicali, Los Mochis, La Paz, Manzanillo, Morelia, and Aguascalientes, as well as 1 international airport in Jamaica.

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