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

Key Points

• Robeco Institutional Asset Management B.V. has reduced its stake in Grupo Aeroportuario del Sureste by 24.1%, now holding approximately 0.28% of the company valued at around $26.57 million.
• The company reported a missed earnings projection with an EPS of $3.80, falling short of analyst estimates of $6.01 for the last quarter.
• Grupo Aeroportuario del Sureste announced a special dividend of $8.0427, to be paid on October 10th, with a payout ratio of 146.41%.

Robeco Institutional Asset Management B.V. cut its position in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) by 24.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,333 shares of the transportation company's stock after selling 26,438 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.28% of Grupo Aeroportuario del Sureste worth $26,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Grupo Aeroportuario del Sureste in the first quarter worth $227,000. GAMMA Investing LLC lifted its position in shares of Grupo Aeroportuario del Sureste by 25,255.6% in the first quarter. GAMMA Investing LLC now owns 6,846 shares of the transportation company's stock valued at $18,750,000 after acquiring an additional 6,819 shares in the last quarter. Wealthquest Corp purchased a new position in shares of Grupo Aeroportuario del Sureste in the first quarter valued at about $3,979,000. Hsbc Holdings PLC lifted its position in shares of Grupo Aeroportuario del Sureste by 8.2% in the first quarter. Hsbc Holdings PLC now owns 115,028 shares of the transportation company's stock valued at $31,498,000 after acquiring an additional 8,717 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Grupo Aeroportuario del Sureste by 5.7% in the first quarter. American Century Companies Inc. now owns 24,064 shares of the transportation company's stock valued at $6,589,000 after acquiring an additional 1,307 shares in the last quarter. 10.57% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Price Performance

NYSE:ASR opened at $315.51 on Friday. The company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $9.47 billion, a P/E ratio of 15.21, a P/E/G ratio of 8.18 and a beta of 0.77. 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 business's 50-day moving average is $325.73 and its 200 day moving average is $313.93.

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

Grupo Aeroportuario del Sureste Announces Dividend

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

Analyst Upgrades and Downgrades

ASR has been the topic of several research analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Grupo Aeroportuario del Sureste in a research report on Saturday, September 27th. Citigroup restated a "buy" rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Grupo Aeroportuario del Sureste presently has a consensus rating of "Hold" and a consensus price target of $310.00.

Grupo Aeroportuario del Sureste 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.

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