Van ECK Associates Corp Acquires 89 Shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

Van ECK Associates Corp grew its holdings in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC) by 67.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 220 shares of the transportation company’s stock after acquiring an additional 89 shares during the quarter. Van ECK Associates Corp’s holdings in Grupo Aeroportuario del Pacífico were worth $38,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Grupo Aeroportuario del Pacífico by 34.0% during the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 64 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Grupo Aeroportuario del Pacífico by 163.0% during the 2nd quarter. Blue Trust Inc. now owns 284 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 176 shares during the last quarter. US Bancorp DE boosted its position in shares of Grupo Aeroportuario del Pacífico by 24.4% during the 3rd quarter. US Bancorp DE now owns 448 shares of the transportation company’s stock valued at $78,000 after acquiring an additional 88 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Grupo Aeroportuario del Pacífico during the 2nd quarter valued at about $242,000. Finally, Virtu Financial LLC bought a new stake in shares of Grupo Aeroportuario del Pacífico during the 1st quarter valued at about $293,000. Institutional investors own 11.73% of the company’s stock.

Grupo Aeroportuario del Pacífico Stock Performance

Shares of PAC stock opened at $176.59 on Thursday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.50 and a current ratio of 1.50. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a fifty-two week low of $128.15 and a fifty-two week high of $197.31. The stock has a 50 day moving average price of $175.09 and a two-hundred day moving average price of $171.06. The company has a market capitalization of $8.92 billion, a P/E ratio of 17.55, a PEG ratio of 1.56 and a beta of 1.46.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Citigroup upgraded Grupo Aeroportuario del Pacífico to a “strong-buy” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group boosted their target price on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Scotiabank downgraded Grupo Aeroportuario del Pacífico from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $224.00 to $185.00 in a research report on Wednesday, September 25th. Bank of America upgraded Grupo Aeroportuario del Pacífico from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Grupo Aeroportuario del Pacífico in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Grupo Aeroportuario del Pacífico currently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

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.