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. purchased a new position in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 828 shares of the transportation company's stock, valued at approximately $227,000.

Other large investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Grupo Aeroportuario del Sureste in the 4th quarter worth $61,000. Wells Fargo & Company MN raised its position in Grupo Aeroportuario del Sureste by 67.5% in the fourth quarter. Wells Fargo & Company MN now owns 345 shares of the transportation company's stock worth $89,000 after acquiring an additional 139 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Grupo Aeroportuario del Sureste by 7.8% during the 1st quarter. Blue Trust Inc. now owns 524 shares of the transportation company's stock valued at $143,000 after purchasing an additional 38 shares in the last quarter. US Bancorp DE grew its stake in shares of Grupo Aeroportuario del Sureste by 7.2% in the 4th quarter. US Bancorp DE now owns 699 shares of the transportation company's stock worth $180,000 after purchasing an additional 47 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of Grupo Aeroportuario del Sureste in the 4th quarter worth approximately $208,000. 10.57% of the stock is owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste Trading Down 0.7%

Grupo Aeroportuario del Sureste stock traded down $2.35 during midday trading on Monday, reaching $316.25. The stock had a trading volume of 102,613 shares, compared to its average volume of 53,474. The firm's fifty day simple moving average is $323.28 and its two-hundred day simple moving average is $291.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.16 and a quick ratio of 5.16. Grupo Aeroportuario del Sureste, S.A. de C.V. has a twelve month low of $248.88 and a twelve month high of $360.00. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 7.96 and a beta of 0.74.

Grupo Aeroportuario del Sureste (NYSE:ASR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share for the quarter, missing the consensus estimate of $5.77 by ($0.03). The business had revenue of $430.05 million for the quarter, compared to analyst estimates of $462.98 million. Grupo Aeroportuario del Sureste had a net margin of 50.07% and a return on equity of 25.70%. Equities 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 Increases Dividend

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

Analysts Set New Price Targets

Separately, Scotiabank cut Grupo Aeroportuario del Sureste from a "sector outperform" rating to a "sector perform" rating in a research note on Monday, May 19th.

About Grupo Aeroportuario del Sureste

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.