BNP Paribas Financial Markets Cuts Stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR)

BNP Paribas Financial Markets trimmed its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) by 15.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,038 shares of the transportation company’s stock after selling 9,647 shares during the quarter. BNP Paribas Financial Markets owned about 0.18% of Grupo Aeroportuario del Sureste, S. A. B. de C. V. worth $13,664,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of ASR. Headlands Technologies LLC acquired a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter valued at about $61,000. Wells Fargo & Company MN lifted its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 67.5% during the fourth quarter. Wells Fargo & Company MN now owns 345 shares of the transportation company’s stock valued at $89,000 after buying an additional 139 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 41.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 346 shares of the transportation company’s stock worth $91,000 after buying an additional 101 shares during the period. US Bancorp DE increased its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 7.2% in the fourth quarter. US Bancorp DE now owns 699 shares of the transportation company’s stock worth $180,000 after acquiring an additional 47 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter valued at $208,000. Institutional investors and hedge funds own 10.57% of the company’s stock.

Analysts Set New Price Targets

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 for the company in a research report on Wednesday, February 12th.

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

Grupo Aeroportuario del Sureste, S. A. B. de C. V. stock opened at $323.28 on Friday. The firm has a market capitalization of $9.70 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 7.16 and a beta of 0.75. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a one year low of $248.88 and a one year high of $356.90. The stock’s 50 day moving average price is $287.00 and its 200 day moving average price is $274.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.65 and a current ratio of 4.65.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last announced its earnings results on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share for the quarter, missing the consensus estimate of $5.77 by ($0.03). The firm 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 net margin of 50.08% and a return on equity of 26.25%. As a group, sell-side analysts expect 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 paid a dividend of $24.585 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is currently 83.31%.

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

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.