Copa Holdings, S.A. $CPA Shares Bought by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. grew its position in Copa Holdings, S.A. (NYSE:CPA) by 92.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,479 shares of the transportation company’s stock after acquiring an additional 12,692 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Copa were worth $3,008,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Hilton Head Capital Partners LLC bought a new stake in Copa during the fourth quarter valued at $27,000. Empowered Funds LLC bought a new position in shares of Copa in the 4th quarter worth about $29,000. US Bancorp DE boosted its holdings in shares of Copa by 90.2% in the 3rd quarter. US Bancorp DE now owns 253 shares of the transportation company’s stock valued at $30,000 after buying an additional 120 shares during the period. SJS Investment Consulting Inc. boosted its holdings in shares of Copa by 284.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 292 shares of the transportation company’s stock valued at $33,000 after buying an additional 216 shares during the period. Finally, Triumph Capital Management bought a new stake in shares of Copa during the 3rd quarter valued at about $36,000. 70.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CPA shares. Citigroup dropped their price target on Copa from $155.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Barclays reduced their price objective on Copa from $185.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. Bank of America lowered their price objective on Copa from $212.00 to $171.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Evercore reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Copa in a research report on Friday, May 15th. Finally, UBS Group raised their target price on Copa from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $168.91.

Copa Stock Performance

CPA opened at $152.86 on Friday. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 1.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.16 and a quick ratio of 1.06. Copa Holdings, S.A. has a 1-year low of $106.56 and a 1-year high of $160.46. The business has a 50 day moving average price of $135.40 and a two-hundred day moving average price of $130.48.

Copa (NYSE:CPA) last released its earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.73. Copa had a return on equity of 26.01% and a net margin of 18.76%.The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned $4.28 earnings per share. Copa’s revenue was up 17.0% compared to the same quarter last year. Research analysts predict that Copa Holdings, S.A. will post 15.96 EPS for the current fiscal year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a $1.71 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $6.84 dividend on an annualized basis and a yield of 4.5%. Copa’s dividend payout ratio (DPR) is currently 39.88%.

Copa Profile

Copa Holdings, SA (NYSE:CPA) is a Panama‐based aviation holding company that provides passenger and cargo air transportation across the Americas and the Caribbean. Through its principal subsidiary, Copa Airlines, the company operates a modern fleet of Boeing 737 aircraft, offering scheduled flights that connect passengers through its Tocumen International Airport hub in Panama City. The company also offers dedicated cargo services under the Copa Cargo brand, leveraging belly hold capacity on its passenger flights to transport freight throughout its network.

The roots of Copa Holdings trace back to 1947, when Compañía Panameña de Aviación began operations as the flag carrier of Panama.