Knights of Columbus Asset Advisors LLC Takes Position in Copa Holdings, S.A. $CPA

Knights of Columbus Asset Advisors LLC purchased a new position in shares of Copa Holdings, S.A. (NYSE:CPA) during the second quarter, Holdings Channel reports. The firm purchased 57,002 shares of the transportation company’s stock, valued at approximately $6,269,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPA. Janney Montgomery Scott LLC purchased a new stake in Copa in the second quarter valued at approximately $248,000. Paragon Capital Management Ltd purchased a new stake in Copa in the 2nd quarter valued at $230,000. State of Alaska Department of Revenue raised its position in Copa by 9.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 26,949 shares of the transportation company’s stock valued at $2,963,000 after purchasing an additional 2,400 shares during the last quarter. Ruffer LLP acquired a new stake in Copa during the 2nd quarter worth $6,212,000. Finally, Signet Financial Management LLC grew its position in Copa by 4.3% during the 2nd quarter. Signet Financial Management LLC now owns 2,747 shares of the transportation company’s stock worth $302,000 after purchasing an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 70.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CPA. Evercore ISI upped their target price on shares of Copa from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Cowen reaffirmed a “buy” rating on shares of Copa in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Copa in a research report on Saturday, September 27th. Wall Street Zen raised Copa from a “hold” rating to a “buy” rating in a report on Saturday, June 14th. Finally, TD Cowen upped their price target on Copa from $144.00 to $147.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $155.33.

Copa Trading Up 0.7%

NYSE:CPA opened at $120.73 on Monday. Copa Holdings, S.A. has a 1 year low of $82.54 and a 1 year high of $123.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.93 and a current ratio of 1.04. The stock has a fifty day moving average price of $116.42 and a two-hundred day moving average price of $106.05. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 1.05 and a beta of 1.30.

Copa (NYSE:CPA) last issued its earnings results on Wednesday, August 6th. The transportation company reported $3.61 EPS for the quarter, topping the consensus estimate of $3.25 by $0.36. The company had revenue of $842.60 million for the quarter, compared to analyst estimates of $833.12 million. Copa had a net margin of 18.36% and a return on equity of 26.22%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.88 EPS. As a group, sell-side analysts anticipate that Copa Holdings, S.A. will post 15.48 earnings per share for the current fiscal year.

Copa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $1.61 per share. This represents a $6.44 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Friday, August 29th. Copa’s dividend payout ratio (DPR) is presently 41.87%.

About Copa

Copa Holdings, SA, through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 375 daily scheduled flights to 82 destinations in 32 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2023, it operated a fleet of 106 aircraft comprising 76 Boeing 737-Next Generation aircraft, 29 Boeing 737 MAX 9 aircraft, and one Boeing 737-800 Boeing Converted Freighter.