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

Robeco Institutional Asset Management B.V. cut its stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 24.1% during the second quarter, HoldingsChannel reports. The firm owned 83,333 shares of the transportation company’s stock after selling 26,438 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Grupo Aeroportuario del Sureste were worth $26,572,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in Grupo Aeroportuario del Sureste by 26.1% during the second quarter. Parallel Advisors LLC now owns 324 shares of the transportation company’s stock valued at $103,000 after purchasing an additional 67 shares during the period. Signaturefd LLC raised its position in Grupo Aeroportuario del Sureste by 16.8% during the first quarter. Signaturefd LLC now owns 438 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 63 shares during the period. Blue Trust Inc. raised its holdings in shares of Grupo Aeroportuario del Sureste by 7.8% in the first quarter. Blue Trust Inc. now owns 524 shares of the transportation company’s stock worth $143,000 after buying an additional 38 shares during the period. US Bancorp DE raised its holdings in shares of Grupo Aeroportuario del Sureste by 4.4% in the first quarter. US Bancorp DE now owns 730 shares of the transportation company’s stock worth $200,000 after buying an additional 31 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Grupo Aeroportuario del Sureste in the first quarter worth approximately $207,000. 10.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ASR. Citigroup reiterated a “buy” rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a report on Saturday, September 27th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $310.00.

Grupo Aeroportuario del Sureste Stock Down 0.9%

Shares of NYSE:ASR opened at $315.51 on Friday. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52-week low of $248.88 and a 52-week high of $360.00. The stock has a market cap of $9.47 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 8.18 and a beta of 0.77. The business’s 50 day moving average is $325.73 and its 200 day moving average is $313.93. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.18.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $3.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.01 by ($2.21). Grupo Aeroportuario del Sureste had a return on equity of 19.91% and a net margin of 37.14%.The firm had revenue of $464.62 million during the quarter, compared to the consensus estimate of $8.98 billion. Sell-side analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be paid a $8.0427 dividend. The ex-dividend date of this dividend is Monday, September 29th. Grupo Aeroportuario del Sureste’s dividend payout ratio is 146.41%.

About Grupo Aeroportuario del Sureste

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.