Wealthquest Corp Makes New Investment in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR)

Wealthquest Corp acquired 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 and Exchange Commission. The firm acquired 14,532 shares of the transportation company's stock, valued at approximately $3,979,000. Grupo Aeroportuario del Sureste comprises about 0.4% of Wealthquest Corp's portfolio, making the stock its 17th biggest position.

Several other large investors have also added to or reduced their stakes in ASR. Bank of New York Mellon Corp boosted its stake in Grupo Aeroportuario del Sureste by 0.7% in the 4th quarter. Bank of New York Mellon Corp now owns 28,305 shares of the transportation company's stock worth $7,292,000 after purchasing an additional 186 shares during the period. Proficio Capital Partners LLC bought a new position in Grupo Aeroportuario del Sureste in the 4th quarter worth about $4,646,000. US Bancorp DE boosted its stake in 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 period. Metis Global Partners LLC boosted its stake in Grupo Aeroportuario del Sureste by 9.3% in the 4th quarter. Metis Global Partners LLC now owns 9,622 shares of the transportation company's stock worth $2,479,000 after purchasing an additional 818 shares during the period. Finally, AGF Management Ltd. bought a new position in Grupo Aeroportuario del Sureste in the 4th quarter worth about $827,000. Institutional investors own 10.57% of the company's stock.

Analysts Set New Price Targets

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

Grupo Aeroportuario del Sureste Price Performance

Shares of ASR traded down $0.44 during trading hours on Friday, reaching $312.83. 118,446 shares of the company's stock traded hands, compared to its average volume of 53,027. The firm's 50 day simple moving average is $321.72 and its 200-day simple moving average is $289.22. The stock has a market cap of $9.39 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 7.87 and a beta of 0.76. 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 company has a current ratio of 5.16, a quick ratio of 5.16 and a debt-to-equity ratio of 0.18.

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

Grupo Aeroportuario del Sureste Increases Dividend

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

Grupo Aeroportuario del Sureste Company 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.