Shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Get Free Report) saw an uptick in trading volume on Tuesday . 133,530 shares traded hands during trading, an increase of 173% from the previous session's volume of 48,863 shares.The stock last traded at $322.41 and had previously closed at $326.03.
Analysts Set New Price Targets
Several research firms have weighed in on ASR. Scotiabank lowered Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a "sector outperform" rating to a "sector perform" rating in a report on Monday, May 19th. Jefferies Financial Group lowered their price target on Grupo Aeroportuario del Sureste, S. A. B. de C. V. from $321.00 to $310.00 and set a "hold" rating on the stock in a research note on Wednesday, February 12th.
Check Out Our Latest Report on Grupo Aeroportuario del Sureste, S. A. B. de C. V.
Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Up 0.1%
The company has a debt-to-equity ratio of 0.20, a current ratio of 4.65 and a quick ratio of 4.65. The stock has a market capitalization of $9.68 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 7.16 and a beta of 0.75. The firm has a 50 day moving average of $308.66 and a 200-day moving average of $283.45.
Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The transportation company reported $5.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.77 by ($0.03). Grupo Aeroportuario del Sureste, S. A. B. de C. V. had a net margin of 50.08% and a return on equity of 26.25%. The firm had revenue of $430.05 million for the quarter, compared to the consensus estimate of $462.98 million. On average, equities research analysts expect that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23 earnings per share for the current fiscal year.
Grupo Aeroportuario del Sureste, S. A. B. de C. V. Increases Dividend
The business also recently disclosed an annual dividend, which will be paid on Monday, June 9th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $24.585 per share. This represents a yield of 8.6%. This is an increase from Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s previous annual dividend of $5.60. The ex-dividend date is Wednesday, May 28th. Grupo Aeroportuario del Sureste, S. A. B. de C. V.'s payout ratio is presently 83.31%.
Institutional Investors Weigh In On Grupo Aeroportuario del Sureste, S. A. B. de C. V.
A number of institutional investors have recently added to or reduced their stakes in ASR. AQR Capital Management LLC boosted its holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 126.2% during the first quarter. AQR Capital Management LLC now owns 309,500 shares of the transportation company's stock valued at $84,339,000 after purchasing an additional 172,654 shares in the last quarter. Nuveen LLC acquired a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 1st quarter worth approximately $44,197,000. Fisher Funds Management LTD acquired a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter worth approximately $13,464,000. Proficio Capital Partners LLC acquired a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter worth approximately $4,646,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. in the 4th quarter worth approximately $4,187,000. 10.57% of the stock is owned by institutional investors and hedge funds.
About Grupo Aeroportuario del Sureste, S. A. B. de C. V.
(
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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.
Further Reading
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