Copa Holdings, S.A. $CPA Holdings Reduced by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its holdings in shares of Copa Holdings, S.A. (NYSE:CPA) by 51.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,704 shares of the transportation company’s stock after selling 48,203 shares during the period. Public Employees Retirement System of Ohio’s holdings in Copa were worth $5,079,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Capital World Investors grew its position in Copa by 0.7% in the 4th quarter. Capital World Investors now owns 4,603,671 shares of the transportation company’s stock valued at $555,249,000 after buying an additional 30,101 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Copa by 2.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,647,779 shares of the transportation company’s stock worth $198,739,000 after buying an additional 44,834 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Copa by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,396,963 shares of the transportation company’s stock worth $158,691,000 after acquiring an additional 52,243 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Copa by 1.9% in the fourth quarter. Captrust Financial Advisors now owns 654,830 shares of the transportation company’s stock valued at $78,979,000 after acquiring an additional 12,053 shares in the last quarter. Finally, Brandes Investment Partners LP boosted its holdings in shares of Copa by 3.5% in the fourth quarter. Brandes Investment Partners LP now owns 654,255 shares of the transportation company’s stock valued at $78,910,000 after acquiring an additional 22,126 shares in the last quarter. Institutional investors and hedge funds own 70.09% of the company’s stock.

Copa Stock Performance

Shares of CPA opened at $136.41 on Thursday. The company has a market capitalization of $5.61 billion, a PE ratio of 7.95, a PEG ratio of 1.02 and a beta of 1.00. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.16. The company’s 50 day moving average price is $143.95 and its 200 day moving average price is $133.32. Copa Holdings, S.A. has a 52 week low of $107.44 and a 52 week high of $160.46.

Copa (NYSE:CPA) last announced its quarterly earnings results on Wednesday, May 13th. The transportation company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.73. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Copa had a return on equity of 26.01% and a net margin of 18.76%.The firm’s revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the company earned $4.28 EPS. Research analysts expect that Copa Holdings, S.A. will post 16.6 EPS for the current fiscal year.

Copa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 5.0%. The ex-dividend date was Friday, May 29th. Copa’s dividend payout ratio (DPR) is 39.88%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CPA. Raymond James Financial lifted their price target on Copa from $190.00 to $195.00 and gave the company a “strong-buy” rating in a research report on Tuesday, July 14th. Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. upped their price target on shares of Copa from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Evercore reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Copa in a research note on Friday, May 15th. Finally, The Goldman Sachs Group increased their target price on shares of Copa from $138.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $171.73.

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.