State Street Corp Buys 19,683 Shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB)

State Street Corp increased its position in shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ:OMAB - Free Report) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 316,425 shares of the transportation company's stock after acquiring an additional 19,683 shares during the quarter. State Street Corp owned about 0.74% of Grupo Aeroportuario del Centro Norte worth $21,460,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. 1832 Asset Management L.P. acquired a new position in shares of Grupo Aeroportuario del Centro Norte in the second quarter valued at approximately $11,318,000. Walleye Capital LLC acquired a new position in Grupo Aeroportuario del Centro Norte in the 3rd quarter worth $822,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Grupo Aeroportuario del Centro Norte by 355.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,700 shares of the transportation company's stock worth $3,633,000 after purchasing an additional 41,900 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Grupo Aeroportuario del Centro Norte by 10.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,659 shares of the transportation company's stock worth $312,000 after purchasing an additional 435 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. acquired a new stake in shares of Grupo Aeroportuario del Centro Norte in the 2nd quarter valued at about $2,300,000. Institutional investors and hedge funds own 9.53% of the company's stock.

Grupo Aeroportuario del Centro Norte Stock Down 0.2 %

NASDAQ OMAB traded down $0.14 during trading hours on Tuesday, hitting $71.80. 16,710 shares of the company traded hands, compared to its average volume of 63,844. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 4.39 and a beta of 1.30. Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. has a twelve month low of $59.08 and a twelve month high of $90.53. The business's 50-day moving average is $67.73 and its 200-day moving average is $67.81. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.08 and a current ratio of 1.08.

Grupo Aeroportuario del Centro Norte Announces Dividend

The firm also recently declared a Thrice Yearly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were issued a dividend of $1.921 per share. This represents a yield of 6.5%. The ex-dividend date of this dividend was Tuesday, November 19th. Grupo Aeroportuario del Centro Norte's payout ratio is currently 98.94%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Scotiabank upgraded Grupo Aeroportuario del Centro Norte from a "sector underperform" rating to a "sector perform" rating in a report on Wednesday, September 25th. Bank of America downgraded shares of Grupo Aeroportuario del Centro Norte from a "buy" rating to an "underperform" rating and set a $71.50 price objective on the stock. in a report on Friday, November 15th. Finally, Morgan Stanley raised shares of Grupo Aeroportuario del Centro Norte from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $82.00 to $77.00 in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $80.83.

Grupo Aeroportuario del Centro Norte Profile

Grupo Aeroportuario del Centro Norte, SAB. de C.V., together with its subsidiaries, holds concessions to develop, operate, and maintain airports in Mexico. The company operates 13 international airports in Monterrey, Acapulco, Mazatlán, Zihuatanejo, Ciudad Juárez, Reynosa, Chihuahua, Culiacán, Durango, San Luis Potosí, Tampico, Torreón, and Zacatecas cities.