Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR Stock Acquired by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its ASR stake by 16.1% in the third quarter, acquiring 13,867 shares and bringing its holdings to 99,975 shares valued at approximately $23.5 million.
• ASR opened at $248.47, near its 52-week low of $226.19 and well below its 52-week high of $381.52. The company reported quarterly revenue of $576.34 million, exceeding estimates, but EPS of $3.98 missed the $4.38 consensus.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $324.50; ratings range from Strong Buy to Sell.

Robeco Institutional Asset Management B.V. increased its position in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 16.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,975 shares of the transportation company's stock after purchasing an additional 13,867 shares during the period. Robeco Institutional Asset Management B.V. owned 0.33% of Grupo Aeroportuario del Sureste worth $23,513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in Grupo Aeroportuario del Sureste by 5.1% during the first quarter. PNC Financial Services Group Inc. now owns 800 shares of the transportation company's stock valued at $269,000 after buying an additional 39 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Grupo Aeroportuario del Sureste by 42.1% in the 1st quarter. Parallel Advisors LLC now owns 422 shares of the transportation company's stock worth $142,000 after acquiring an additional 125 shares in the last quarter. ABS Direct Equity Fund LLC grew its position in shares of Grupo Aeroportuario del Sureste by 1.9% in the 1st quarter. ABS Direct Equity Fund LLC now owns 6,900 shares of the transportation company's stock worth $2,319,000 after acquiring an additional 130 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of Grupo Aeroportuario del Sureste by 14.9% in the 1st quarter. QRG Capital Management Inc. now owns 1,008 shares of the transportation company's stock worth $339,000 after acquiring an additional 131 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Grupo Aeroportuario del Sureste by 13.8% in the 4th quarter. Corient Private Wealth LLC now owns 1,472 shares of the transportation company's stock valued at $476,000 after acquiring an additional 179 shares during the last quarter. 10.57% of the stock is owned by institutional investors.

Grupo Aeroportuario del Sureste Price Performance

ASR opened at $248.47 on Friday. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 2.04 and a beta of 0.52. Grupo Aeroportuario del Sureste, S.A. de C.V. has a fifty-two week low of $226.19 and a fifty-two week high of $381.52. The company's 50-day moving average price is $247.59 and its 200 day moving average price is $281.22. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.54.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last issued its earnings results on Thursday, October 22nd. The transportation company reported $3.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.38 by ($0.40). Grupo Aeroportuario del Sureste had a return on equity of 20.94% and a net margin of 25.10%. The business had revenue of $576.34 million during the quarter, compared to the consensus estimate of $527.02 million. As a group, sell-side analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 18.32 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ASR shares. Weiss Ratings lowered Grupo Aeroportuario del Sureste from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. cut Grupo Aeroportuario del Sureste from a "neutral" rating to an "underweight" rating in a research note on Wednesday, July 22nd. HSBC raised shares of Grupo Aeroportuario del Sureste from a "hold" rating to a "buy" rating and set a $349.00 price objective for the company in a report on Thursday, July 30th. Finally, Zacks Research upgraded shares of Grupo Aeroportuario del Sureste from a "strong sell" rating to a "hold" rating in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $324.50.

Grupo Aeroportuario del Sureste Profile

Grupo Aeroportuario del Sureste, SAB. de C.V. NYSE: ASR, commonly known as ASUR, is an airport infrastructure company that develops, operates and maintains airports. Its activities include passenger and aircraft services, terminal operations, commercial facilities, parking, and other services related to airport transportation.

ASUR operates a portfolio of airports in southeastern Mexico, including Cancún International Airport, one of the country's major tourism gateways, as well as airports serving Mérida, Cozumel, Oaxaca, Huatulco, Veracruz, Villahermosa, Tapachula and Minatitlán.

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