Janney Montgomery Scott LLC Trims Holdings in Grupo Aeroportuario Del Pacifico, S.A. de C.V. $PAC

Janney Montgomery Scott LLC decreased its holdings in shares of Grupo Aeroportuario Del Pacifico, S.A. de C.V. (NYSE:PAC) by 4.8% in the first quarter, Holdings Channel.com reports. The firm owned 45,553 shares of the transportation company’s stock after selling 2,289 shares during the period. Janney Montgomery Scott LLC’s holdings in Grupo Aeroportuario Del Pacifico were worth $11,246,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Compound Planning Inc. raised its holdings in Grupo Aeroportuario Del Pacifico by 3.3% in the fourth quarter. Compound Planning Inc. now owns 1,524 shares of the transportation company’s stock worth $402,000 after buying an additional 49 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Grupo Aeroportuario Del Pacifico by 20.6% in the third quarter. Van ECK Associates Corp now owns 334 shares of the transportation company’s stock worth $79,000 after acquiring an additional 57 shares during the period. EverSource Wealth Advisors LLC increased its position in Grupo Aeroportuario Del Pacifico by 65.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 164 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 65 shares during the last quarter. Harbour Capital Advisors LLC increased its position in shares of Grupo Aeroportuario Del Pacifico by 2.2% during the 4th quarter. Harbour Capital Advisors LLC now owns 3,692 shares of the transportation company’s stock valued at $967,000 after purchasing an additional 80 shares during the last quarter. Finally, US Bancorp DE raised its position in Grupo Aeroportuario Del Pacifico by 19.2% in the third quarter. US Bancorp DE now owns 658 shares of the transportation company’s stock worth $156,000 after acquiring an additional 106 shares during the period. Hedge funds and other institutional investors own 11.73% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Grupo Aeroportuario Del Pacifico in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

Grupo Aeroportuario Del Pacifico Stock Up 0.5%

PAC opened at $253.70 on Friday. The company has a market capitalization of $12.82 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 0.91 and a beta of 0.93. The firm has a 50-day simple moving average of $245.57 and a two-hundred day simple moving average of $255.43. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.90. Grupo Aeroportuario Del Pacifico, S.A. de C.V. has a 52 week low of $206.91 and a 52 week high of $300.41.

Grupo Aeroportuario Del Pacifico (NYSE:PAC) last issued its quarterly earnings data on Tuesday, March 31st. The transportation company reported $3.72 earnings per share (EPS) for the quarter. Grupo Aeroportuario Del Pacifico had a return on equity of 43.12% and a net margin of 25.04%.The business had revenue of $635.54 million for the quarter. Analysts forecast that Grupo Aeroportuario Del Pacifico, S.A. de C.V. will post 12.64 earnings per share for the current fiscal year.

About Grupo Aeroportuario Del Pacifico

Grupo Aeroportuario del Pacífico, SAB. de C.V. (NYSE:PAC), commonly known as GAP, is a leading airport operator in Mexico. Established in 1998 as part of the federal government’s airport privatization program, GAP holds long‐term concession agreements—typically 50 years—to manage, develop and operate airports under a public–private partnership model. Through these concessions, the company undertakes terminal expansions, runway maintenance and the modernization of navigation and security systems.

The company’s portfolio comprises 12 airports across Mexico’s Pacific and western regions, including major hubs such as Guadalajara, Tijuana, Los Cabos, Puerto Vallarta and Mazatlán, as well as regional facilities in Aguascalientes, Morelia and La Paz.