Hennion & Walsh Asset Management Inc., a prominent investment firm renowned for its astute financial acumen, recently made headlines with its audacious acquisition of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (NASDAQ: OMAB) shares. This strategic move positions the company as a significant player in the transportation industry, further cementing its reputation as a prescient investor.
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.—a conglomerate with an impressive portfolio of subsidiaries—holds exclusive concessions to develop, operate, and maintain airports throughout Mexico. The company’s influence extends far and wide, given that it currently oversees operations in 13 airports across key Mexican cities such as Monterrey, Acapulco, Mazatlán, and Ciudad Juárez.
The emergence of Grupo Aeroportuario del Centro Norte as a substantial market force has been met with fervent enthusiasm by investors nationwide. The recent acquisition made by Hennion & Walsh Asset Management Inc., encompassing 3,123 shares valued at approximately $280,000, has reverberated through the industry corridors—Lauded for its shrewdness and market insights.
The stock opened at $85.85 on Monday—this dynamic display indicative of Grupo Aeroportuario del Centro Norte’s robust financial health. Notably, the company has experienced remarkable growth over the past year—with its stock reaching both a 12-month low of $46.53 and an exceptional 12-month high of $92.80—a testament to its resilience amidst an ever-evolving economic landscape.
In scrutinizing critical financial ratios that reflect the company’s liquidity and solvency standings—the current ratio and quick ratio both indicate healthy levels at 2.00 each—providing reassurance to potential investors seeking stability within their portfolios. Moreover, the debt-to-equity ratio of 1.32 exemplifies the company’s measured approach to managing its financial obligations, further bolstering confidence among stakeholders.
Delving deeper into the company’s financial performance, we find that Grupo Aeroportuario del Centro Norte boasts a 50-day simple moving average of $86.23 and a 200-day simple moving average of $80.88—testimony to its consistent nature in adapting to market trends and maintaining an upward trajectory. With a market capitalization of $3.69 billion, this aviation powerhouse expertly navigates the dynamic terrain of modern finance.
Additionally, when appraising Grupo Aeroportuario del Centro Norte’s aptitude for generating sustainable earnings, it becomes evident that the price-to-earnings ratio stands at a favorable 18.99—a key metric that instills confidence in investors seeking long-term profitability. Furthermore, the PEG ratio of 6.69 indicates the company’s commendable approach to striking a balance between growth prospects and risk management—an attribute valued by prudent investors who seek both stability and potential expansion opportunities within their portfolios.
In exploring the volatility aspect associated with decision-making in financial markets, it is notable that Grupo Aeroportuario del Centro Norte possesses a beta value of 1.34—a figure that portrays increased sensitivity to market fluctuations while still allowing for calculated risk-taking aligned with investor objectives.
The recent acquisition made by Hennion & Walsh Asset Management Inc., coupled with Grupo Aeroportuario del Centro Norte’s unwavering commitment to excellence, propels both entities toward unprecedented success within Mexico’s transportation industry landscape. As these financial titans join forces, one can only anticipate even greater accomplishments on the horizon.
In conclusion, Hennion & Walsh Asset Management Inc.’s strategic purchase of Grupo Aeroportuario del Centro Norte shares serves as a testament to its visionary investment tactics and unrivaled market foresight. The impact on both companies’ fortunes cannot be overstated; thus securing their status as trailblazers within the transportation sector. As Grupo Aeroportuario del Centro Norte continues its trajectory of success, investors can rest assured knowing their portfolios are anchored in the unparalleled potential offered by this dynamic conglomerate.
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Growing Interest and Mixed Ratings Surround Grupo Aeroportuario del Centro Norte (OMAB)
Grupo Aeroportuario del Centro Norte (OMAB) has recently seen an increase in stakes by hedge funds and institutional investors, as well as mixed ratings from brokerage firms. These developments reflect the ongoing interest and varying opinions surrounding the transportation company.
Among the notable transactions, Pendal Group Ltd acquired a new stake in Grupo Aeroportuario del Centro Norte during the fourth quarter, valued at approximately $36.5 million. Millennium Management LLC also increased its holdings in the company by 70.1% during the second quarter, now owning over 149,000 shares worth $7.7 million. Furthermore, Employees Retirement System of Texas and Arrowstreet Capital Limited Partnership both purchased new stakes in OMAB during the fourth quarter, equaling approximately $2.7 million and $2.4 million respectively. Finally, BlackRock Inc. raised its holdings by 6.4% during the third quarter to own over 643,000 shares worth $32.3 million.
These acquisitions indicate growing confidence in Grupo Aeroportuario del Centro Norte’s potential for profitability and expansion within Mexico’s airport industry. The company currently holds concessions to operate and maintain thirteen international airports across various cities in Mexico.
Despite these positive market sentiments reflected by institutional investors, brokerage firms have offered mixed assessments of OMAB’s prospects. Citigroup initiated coverage on the stock with a “sell” rating, while StockNews.com upgraded it from “hold” to “buy.” JPMorgan Chase & Co., on the other hand, downgraded OMAB from “neutral” to “underweight,” and Scotiabank shifted their rating from “underperform” to “sector perform.” Overall, Bloomberg reports an average rating of “Hold” for the stock with an average target price of $67.
Grupo Aeroportuario del Centro Norte released its quarterly earnings data on April 26th, exceeding analysts’ estimates with earnings per share (EPS) of $1.24, surpassing the consensus estimate of $0.97 by $0.27. The company reported revenue of $172.52 million for the quarter, showcasing its robust financial performance. Moreover, OMAB boasted a return on equity of 55.32% and a net margin of 32.68%.
In addition to its strong financials, OMAB recently announced a dividend payout which was paid on June 29th. Shareholders of record received a dividend of $2.1262 per share, resulting in a dividend yield of 4.3%. The company maintains a reasonable dividend payout ratio at 41.59%.
Looking ahead, sell-side analysts predict that Grupo Aeroportuario del Centro Norte will achieve EPS of 4.28 for the current year.
With these developments in mind, Grupo Aeroportuario del Centro Norte continues to attract attention from investors and industry experts alike due to its strong market presence and solid financial performance within Mexico’s airport sector. As additional factors come into play, such as ongoing infrastructure projects and changes in travel patterns, OMAB’s future prospects may become clearer, potentially affecting its stock rating and investor sentiment going forward.
References:
1) “Grupo Aeroportuario Internacional dl Sureste S A B de C V,” Bloomberg
2) “Grupo Aeroportuario del Centro Norte last quarter report : Q2/2017 earnings release (r…,” SeekinAlpha.com