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

Key Points

• Robeco Institutional Asset Management increased its stake in Grupo Aeroportuario del Sureste (NYSE:ASR) by 9.4% in Q4 to 87,258 shares, representing about 0.29% ownership and valued at $28.22 million.
• Analyst views are mixed: MarketBeat's consensus is a "Hold" with an average target of $300, while Barclays recently upgraded ASR to a "Strong Buy".
• ASR opened at $341.63 with a $10.25 billion market cap and 18.56 P/E; the company reported quarterly EPS of $5.03 (missed estimates by $0.01) but revenue beat at $608.6M, and a 12‑month range of $275.51–$381.52.

Robeco Institutional Asset Management B.V. lifted its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,258 shares of the transportation company's stock after buying an additional 7,504 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.29% of Grupo Aeroportuario del Sureste worth $28,219,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ASR. State of Wyoming purchased a new stake in shares of Grupo Aeroportuario del Sureste in the third quarter worth about $46,000. EverSource Wealth Advisors LLC boosted its stake in shares of Grupo Aeroportuario del Sureste by 766.7% in the second quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company's stock worth $50,000 after buying an additional 138 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Grupo Aeroportuario del Sureste by 38.2% in the second quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company's stock worth $58,000 after buying an additional 50 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Grupo Aeroportuario del Sureste by 85.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 198 shares of the transportation company's stock worth $64,000 after buying an additional 91 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of Grupo Aeroportuario del Sureste by 249.6% in the third quarter. Hantz Financial Services Inc. now owns 486 shares of the transportation company's stock worth $157,000 after buying an additional 347 shares during the last quarter. Hedge funds and other institutional investors own 10.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen downgraded Grupo Aeroportuario del Sureste from a "buy" rating to a "hold" rating in a research note on Sunday, March 22nd. Zacks Research upgraded Grupo Aeroportuario del Sureste from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Grupo Aeroportuario del Sureste in a report on Wednesday, January 21st. Finally, Barclays raised Grupo Aeroportuario del Sureste from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $300.00.

Grupo Aeroportuario del Sureste Stock Performance

NYSE ASR opened at $341.63 on Tuesday. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of 18.56 and a beta of 0.58. Grupo Aeroportuario del Sureste, S.A. de C.V. has a twelve month low of $275.51 and a twelve month high of $381.52. The company has a current ratio of 2.91, a quick ratio of 2.69 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average of $347.98 and a 200 day moving average of $327.03.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The transportation company reported $5.03 earnings per share for the quarter, missing analysts' consensus estimates of $5.04 by ($0.01). The business had revenue of $608.62 million during the quarter, compared to analyst estimates of $500.58 million. Grupo Aeroportuario del Sureste had a return on equity of 21.42% and a net margin of 27.93%. Sell-side analysts anticipate that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current fiscal year.

About Grupo Aeroportuario del Sureste

Grupo Aeroportuario del Sureste, SAB. de C.V. NYSE: ASR is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.

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