Lazard Asset Management LLC acquired a new position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,228 shares of the transportation company's stock, valued at approximately $1,346,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. US Bancorp DE grew its position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 7.2% in the 4th quarter. US Bancorp DE now owns 699 shares of the transportation company's stock worth $180,000 after buying an additional 47 shares during the last quarter. Geode Capital Management LLC grew its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 1,119 shares of the transportation company's stock worth $288,000 after purchasing an additional 65 shares during the last quarter. Fortune Financial Advisors LLC grew its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 2.1% during the 4th quarter. Fortune Financial Advisors LLC now owns 4,824 shares of the transportation company's stock worth $1,243,000 after purchasing an additional 97 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 41.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 346 shares of the transportation company's stock worth $91,000 after purchasing an additional 101 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 67.5% during the 4th quarter. Wells Fargo & Company MN now owns 345 shares of the transportation company's stock worth $89,000 after purchasing an additional 139 shares during 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 Performance
Shares of ASR stock traded up $3.64 during trading hours on Friday, hitting $346.06. The company's stock had a trading volume of 31,235 shares, compared to its average volume of 47,672. The company has a 50 day moving average of $301.48 and a 200 day moving average of $279.96. The stock has a market cap of $10.38 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 7.16 and a beta of 0.75. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.20. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 12-month low of $248.88 and a 12-month high of $349.28.
Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Get Free Report) last released its quarterly earnings data 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 business 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%. On average, sell-side analysts forecast 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 disclosed 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. 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%. The ex-dividend date is Wednesday, May 28th. Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s dividend payout ratio is 83.31%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on ASR. Scotiabank downgraded shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a "sector outperform" rating to a "sector perform" rating in a research report on Monday, May 19th. Jefferies Financial Group dropped their target price 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 report on Wednesday, February 12th.
Read Our Latest Analysis on ASR
Grupo Aeroportuario del Sureste, S. A. B. de C. V. Profile
(
Free Report)
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.
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