Robeco Institutional Asset Management B.V. Reduces Holdings in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Robeco Institutional Asset Management B.V. lowered its position in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 4.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,754 shares of the transportation company’s stock after selling 3,579 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.27% of Grupo Aeroportuario del Sureste worth $25,787,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Assetmark Inc. raised its position in Grupo Aeroportuario del Sureste by 494.7% in the 2nd quarter. Assetmark Inc. now owns 113 shares of the transportation company’s stock worth $36,000 after purchasing an additional 94 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Grupo Aeroportuario del Sureste by 13,800.0% during the second quarter. Hantz Financial Services Inc. now owns 139 shares of the transportation company’s stock valued at $44,000 after buying an additional 138 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Grupo Aeroportuario del Sureste by 766.7% in the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock worth $50,000 after buying an additional 138 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Grupo Aeroportuario del Sureste during the 2nd quarter worth approximately $58,000. Finally, Osaic Holdings Inc. boosted its holdings in Grupo Aeroportuario del Sureste by 38.2% during the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 50 shares during the period. 10.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ASR has been the topic of a number of recent analyst reports. Scotiabank upgraded Grupo Aeroportuario del Sureste from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, December 4th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a report on Friday, November 14th. Zacks Research downgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Morgan Stanley downgraded shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price target for the company. in a research note on Monday, November 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Grupo Aeroportuario del Sureste has an average rating of “Hold” and an average target price of $305.00.

Grupo Aeroportuario del Sureste Price Performance

Shares of ASR opened at $330.64 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.69 and a current ratio of 2.69. The company has a 50 day moving average price of $310.95 and a 200-day moving average price of $315.74. Grupo Aeroportuario del Sureste, S.A. de C.V. has a fifty-two week low of $249.21 and a fifty-two week high of $360.00. The stock has a market capitalization of $9.75 billion, a PE ratio of 17.53 and a beta of 0.57.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings data on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.26 by ($1.42). The business had revenue of $478.54 million for the quarter, compared to analysts’ expectations of $502.91 million. Grupo Aeroportuario del Sureste had a net margin of 31.96% and a return on equity of 20.67%. Equities analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, December 8th. Investors of record on Wednesday, November 26th were paid a dividend of $8.1473 per share. This represents a dividend yield of 271.0%. The ex-dividend date was Wednesday, November 26th. Grupo Aeroportuario del Sureste’s dividend payout ratio is 200.58%.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.