Sumitomo Mitsui Trust Group Inc. Buys Shares of 828 Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)

Sumitomo Mitsui Trust Group Inc. acquired a new stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 828 shares of the transportation company's stock, valued at approximately $227,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its position in Grupo Aeroportuario del Sureste by 16.4% during the 4th quarter. AQR Capital Management LLC now owns 136,846 shares of the transportation company's stock worth $35,256,000 after purchasing an additional 19,302 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Grupo Aeroportuario del Sureste in the 4th quarter valued at $4,646,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Grupo Aeroportuario del Sureste in the 4th quarter valued at $4,187,000. Hsbc Holdings PLC lifted its position in shares of Grupo Aeroportuario del Sureste by 16.6% during the 4th quarter. Hsbc Holdings PLC now owns 106,311 shares of the transportation company's stock valued at $27,389,000 after acquiring an additional 15,112 shares during the period. Finally, Wealthquest Corp acquired a new position in shares of Grupo Aeroportuario del Sureste during the 1st quarter valued at $3,979,000. Institutional investors own 10.57% of the company's stock.

Analyst Ratings Changes

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.

Grupo Aeroportuario del Sureste Stock Performance

NYSE ASR traded up $9.62 during trading hours on Thursday, reaching $313.16. 105,980 shares of the company were exchanged, compared to its average volume of 54,276. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 1 year low of $248.88 and a 1 year high of $360.00. The business's 50 day simple moving average is $322.87 and its 200-day simple moving average is $291.83. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $9.39 billion, a P/E ratio of 11.80, a P/E/G ratio of 7.64 and a beta of 0.74.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.77 by ($0.03). Grupo Aeroportuario del Sureste had a return on equity of 25.70% and a net margin of 50.07%. The company had revenue of $430.05 million for the quarter, compared to analysts' expectations of $462.98 million. On average, equities research analysts expect that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current year.

Grupo Aeroportuario del Sureste Increases Dividend

The business also recently announced an annual dividend, which was paid on Monday, June 9th. Shareholders of record on Wednesday, May 28th were given a dividend of $24.585 per share. The ex-dividend date was Wednesday, May 28th. This is a positive change from Grupo Aeroportuario del Sureste's previous annual dividend of $5.60. This represents a yield of 8.6%. Grupo Aeroportuario del Sureste's payout ratio is presently 87.16%.

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.