Laird Norton Wetherby Wealth Management LLC Lowers Stock Holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)

Laird Norton Wetherby Wealth Management LLC decreased its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) by 7.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,321 shares of the transportation company’s stock after selling 104 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. were worth $340,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the 4th quarter valued at $742,000. Bank of America Corp DE lifted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 27.2% in the 4th quarter. Bank of America Corp DE now owns 13,862 shares of the transportation company’s stock worth $3,571,000 after purchasing an additional 2,964 shares in the last quarter. Jane Street Group LLC purchased a new stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter worth $253,000. AQR Capital Management LLC lifted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 16.4% in the 4th quarter. AQR Capital Management LLC now owns 136,846 shares of the transportation company’s stock worth $35,256,000 after purchasing an additional 19,302 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 88.1% in the 4th quarter. Northern Trust Corp now owns 4,316 shares of the transportation company’s stock worth $1,112,000 after purchasing an additional 2,021 shares in the last quarter. Hedge funds and other institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Down 0.3%

Shares of ASR stock opened at $346.37 on Friday. The stock has a market cap of $10.39 billion, a P/E ratio of 13.06, a PEG ratio of 7.16 and a beta of 0.75. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 52 week low of $248.88 and a 52 week high of $356.90. The company has a quick ratio of 4.65, a current ratio of 4.65 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $294.78 and its two-hundred day simple moving average is $277.12.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last announced its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $5.74 EPS for the quarter, missing the consensus estimate of $5.77 by ($0.03). The company had revenue of $430.05 million during the quarter, compared to analysts’ expectations of $462.98 million. Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a return on equity of 26.25% and a net margin of 50.08%. Analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Monday, June 9th. Stockholders of record on Wednesday, May 28th will be issued a $24.585 dividend. The ex-dividend date is Wednesday, May 28th. This is an increase from Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s previous annual dividend of $5.60. This represents a dividend yield of 8.6%. Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s payout ratio is 83.31%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group decreased their price target on shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from $321.00 to $310.00 and set a “hold” rating on the stock in a research note on Wednesday, February 12th.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Profile

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.