Grupo Aeroportuario del Pacífico (NYSE:PAC) Sees Large Volume Increase – Should You Buy?

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) shares saw strong trading volume on Monday . 35,584 shares were traded during trading, an increase of 6% from the previous session’s volume of 33,572 shares.The stock last traded at $185.19 and had previously closed at $182.85.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PAC. UBS Group upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. Scotiabank downgraded Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $195.00.

Grupo Aeroportuario del Pacífico Stock Performance

The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 1.66 and a beta of 1.46. The stock’s 50 day moving average price is $184.13 and its 200 day moving average price is $173.54. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a dividend of $3.7626 per share. This represents a $15.05 annualized dividend and a dividend yield of 7.78%. The ex-dividend date was Monday, November 25th. Grupo Aeroportuario del Pacífico’s dividend payout ratio (DPR) is 19.18%.

Hedge Funds Weigh In On Grupo Aeroportuario del Pacífico

A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Grupo Aeroportuario del Pacífico by 11.0% in the third quarter. State Street Corp now owns 374,595 shares of the transportation company’s stock valued at $65,187,000 after acquiring an additional 37,005 shares during the last quarter. Metis Global Partners LLC lifted its stake in Grupo Aeroportuario del Pacífico by 54.0% in the 3rd quarter. Metis Global Partners LLC now owns 21,542 shares of the transportation company’s stock valued at $3,749,000 after purchasing an additional 7,553 shares during the last quarter. FMR LLC grew its holdings in Grupo Aeroportuario del Pacífico by 1,454.3% during the third quarter. FMR LLC now owns 19,367 shares of the transportation company’s stock worth $3,370,000 after purchasing an additional 18,121 shares during the period. 1832 Asset Management L.P. acquired a new position in Grupo Aeroportuario del Pacífico during the second quarter worth approximately $13,976,000. Finally, BNP Paribas Financial Markets raised its stake in Grupo Aeroportuario del Pacífico by 16.7% in the third quarter. BNP Paribas Financial Markets now owns 21,206 shares of the transportation company’s stock valued at $3,690,000 after buying an additional 3,032 shares during the period. 11.73% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Pacífico Company Profile

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.