Sumitomo Mitsui Trust Group Inc. Buys 2,268 Shares of Grupo Aeroportuario del Sureste, S.A. de C.V. $ASR

Sumitomo Mitsui Trust Group Inc. boosted its stake in Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) by 273.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,096 shares of the transportation company’s stock after buying an additional 2,268 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Grupo Aeroportuario del Sureste were worth $987,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ASR. Caitong International Asset Management Co. Ltd bought a new position in shares of Grupo Aeroportuario del Sureste during the second quarter valued at $58,000. Parallel Advisors LLC increased its position in shares of Grupo Aeroportuario del Sureste by 26.1% during the 2nd quarter. Parallel Advisors LLC now owns 324 shares of the transportation company’s stock worth $103,000 after purchasing an additional 67 shares in the last quarter. Signaturefd LLC lifted its holdings in Grupo Aeroportuario del Sureste by 16.8% during the 1st quarter. Signaturefd LLC now owns 438 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 63 shares during the last quarter. US Bancorp DE boosted its position in Grupo Aeroportuario del Sureste by 4.4% in the first quarter. US Bancorp DE now owns 730 shares of the transportation company’s stock valued at $200,000 after buying an additional 31 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Grupo Aeroportuario del Sureste during the first quarter worth about $207,000. 10.57% of the stock is currently owned by institutional investors and hedge funds.

Grupo Aeroportuario del Sureste Stock Down 1.1%

Shares of ASR opened at $302.66 on Friday. The business’s fifty day moving average price is $322.98 and its two-hundred day moving average price is $318.73. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 8.54 and a beta of 0.77. Grupo Aeroportuario del Sureste, S.A. de C.V. has a 52 week low of $248.88 and a 52 week high of $360.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16.

Grupo Aeroportuario del Sureste (NYSE:ASR) last issued its quarterly earnings results on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.26 by ($1.42). The firm had revenue of $475.81 million for the quarter, compared to analyst estimates of $502.91 million. Grupo Aeroportuario del Sureste had a net margin of 31.96% and a return on equity of 17.47%. On average, analysts predict that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 earnings per share for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Monday, December 8th. Stockholders of record on Wednesday, November 26th will be paid a $8.1473 dividend. This represents a dividend yield of 263.0%. The ex-dividend date of this dividend is Wednesday, November 26th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is 200.48%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ASR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, October 8th. Zacks Research downgraded Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Finally, Citigroup reissued a “buy” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Grupo Aeroportuario del Sureste currently has a consensus rating of “Hold” and a consensus target price of $310.00.

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.