State of New Jersey Common Pension Fund D Increases Position in Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC)

State of New Jersey Common Pension Fund D lifted its position in shares of Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC - Free Report) by 29.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,694 shares of the transportation company's stock after buying an additional 4,538 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Grupo Aeroportuario del Pacífico were worth $3,427,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in Grupo Aeroportuario del Pacífico by 67.9% during the 3rd quarter. Van ECK Associates Corp now owns 220 shares of the transportation company's stock valued at $38,000 after purchasing an additional 89 shares during the last quarter. Signaturefd LLC raised its holdings in Grupo Aeroportuario del Pacífico by 34.0% in 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 period. Blue Trust Inc. grew its stake in shares of Grupo Aeroportuario del Pacífico by 163.0% during the second quarter. Blue Trust Inc. now owns 284 shares of the transportation company's stock worth $46,000 after buying an additional 176 shares during the last quarter. US Bancorp DE increased its position in 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 purchasing an additional 88 shares during the period. Finally, Cozad Asset Management Inc. acquired a new position in Grupo Aeroportuario del Pacífico during the 3rd quarter worth approximately $218,000. 11.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Scotiabank cut shares of Grupo Aeroportuario del Pacífico from a "sector outperform" rating to a "sector perform" rating and cut their price target for the stock from $224.00 to $185.00 in a research note on Wednesday, September 25th. The Goldman Sachs Group increased their target price on Grupo Aeroportuario del Pacífico from $177.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Bank of America raised Grupo Aeroportuario del Pacífico from a "neutral" rating to a "buy" rating in a research note on Wednesday, August 28th. Citigroup raised shares of Grupo Aeroportuario del Pacífico to a "strong-buy" rating in a research note 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Grupo Aeroportuario del Pacífico presently has a consensus rating of "Moderate Buy" and an average price target of $195.00.

Grupo Aeroportuario del Pacífico Trading Down 0.2 %

Shares of PAC stock traded down $0.39 on Wednesday, reaching $176.59. 46,143 shares of the stock were exchanged, compared to its average volume of 60,018. Grupo Aeroportuario del Pacífico, S.A.B. de C.V. has a one year low of $128.15 and a one year high of $197.31. The stock has a 50 day moving average price of $175.07 and a 200 day moving average price of $171.02. The stock has a market cap of $8.92 billion, a PE ratio of 17.55, a P/E/G ratio of 1.56 and a beta of 1.46. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.50 and a quick ratio of 1.50.

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.