Canada Pension Plan Investment Board Grows Position in Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Key Points

• The Canada Pension Plan Investment Board increased its stake in Grupo Aeroportuario del Sureste by 41.2%, acquiring an additional 12,660 shares, bringing its total to 43,360 shares worth approximately $11.87 million.
• Grupo Aeroportuario del Sureste reported a quarterly earnings miss with an EPS of $3.80, failing to meet the consensus estimate of $6.01, while its revenue for the quarter was significantly lower than expected at $464.62 million.
• The company declared a special dividend of $8.0427 per share, to be paid on October 10th, after a record date on September 29th, with a current dividend payout ratio of 111.52%.

Canada Pension Plan Investment Board raised its stake in shares of Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 41.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,360 shares of the transportation company's stock after buying an additional 12,660 shares during the quarter. Canada Pension Plan Investment Board owned about 0.14% of Grupo Aeroportuario del Sureste worth $11,873,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ASR. Nuveen LLC acquired a new position in shares of Grupo Aeroportuario del Sureste in the first quarter worth $44,197,000. Hsbc Holdings PLC increased its position in Grupo Aeroportuario del Sureste by 8.2% during the 1st quarter. Hsbc Holdings PLC now owns 115,028 shares of the transportation company's stock worth $31,498,000 after purchasing an additional 8,717 shares in the last quarter. National Bank of Canada FI raised its stake in Grupo Aeroportuario del Sureste by 15.5% in the 1st quarter. National Bank of Canada FI now owns 75,043 shares of the transportation company's stock valued at $20,546,000 after purchasing an additional 10,072 shares during the last quarter. American Century Companies Inc. raised its stake in Grupo Aeroportuario del Sureste by 5.7% in the 1st quarter. American Century Companies Inc. now owns 24,064 shares of the transportation company's stock valued at $6,589,000 after purchasing an additional 1,307 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Grupo Aeroportuario del Sureste by 159.1% in the 4th quarter. Millennium Management LLC now owns 17,553 shares of the transportation company's stock valued at $4,522,000 after purchasing an additional 10,778 shares in the last quarter. Hedge funds and other institutional investors own 10.57% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Scotiabank downgraded shares of Grupo Aeroportuario del Sureste from a "sector outperform" rating to a "sector perform" rating in a report on Monday, May 19th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Grupo Aeroportuario del Sureste has an average rating of "Hold" and a consensus price target of $310.00.

Grupo Aeroportuario del Sureste Trading Up 1.3%

NYSE ASR traded up $4.45 during trading hours on Friday, hitting $339.97. 142,738 shares of the company's stock were exchanged, compared to its average volume of 85,208. The business's 50 day moving average is $316.33 and its 200-day moving average is $305.46. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 12-month low of $248.88 and a 12-month high of $360.00. The firm has a market capitalization of $10.20 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 8.68 and a beta of 0.76.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $3.80 EPS for the quarter, missing the consensus estimate of $6.01 by ($2.21). Grupo Aeroportuario del Sureste had a net margin of 37.14% and a return on equity of 19.91%. The business had revenue of $464.62 million during the quarter, compared to analysts' expectations of $8.98 billion. As a group, analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Dividend Announcement

The business also recently declared a special dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be given a dividend of $8.0427 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a yield of 920.0%. Grupo Aeroportuario del Sureste's dividend payout ratio is 111.52%.

Grupo Aeroportuario del Sureste Company 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.