Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) Shares Bought by Bank of America Corp DE

Bank of America Corp DE grew its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) by 27.2% during the fourth quarter, HoldingsChannel reports. The firm owned 13,862 shares of the transportation company’s stock after buying an additional 2,964 shares during the period. Bank of America Corp DE’s holdings in Grupo Aeroportuario del Sureste, S. A. B. de C. V. were worth $3,571,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 2.7% during the fourth quarter. JPMorgan Chase & Co. now owns 249,572 shares of the transportation company’s stock worth $64,297,000 after purchasing an additional 6,552 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 16.4% during the fourth 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. Hsbc Holdings PLC lifted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 16.6% during the fourth quarter. Hsbc Holdings PLC now owns 106,311 shares of the transportation company’s stock worth $27,389,000 after purchasing an additional 15,112 shares in the last quarter. Fisher Funds Management LTD acquired a new position in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. during the fourth quarter worth about $13,464,000. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Grupo Aeroportuario del Sureste, S. A. B. de C. V. by 27.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 30,700 shares of the transportation company’s stock worth $7,909,000 after acquiring an additional 6,700 shares in the last quarter. Institutional investors and hedge funds own 10.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on ASR shares. Scotiabank cut Grupo Aeroportuario del Sureste, S. A. B. de C. V. from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, May 19th. Jefferies Financial Group cut 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.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Stock Up 0.9%

NYSE:ASR opened at $320.99 on Friday. The firm has a market capitalization of $9.63 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 7.16 and a beta of 0.75. The stock has a 50 day moving average of $305.98 and a 200-day moving average of $282.16. Grupo Aeroportuario del Sureste, S. A. B. de C. V. has a 52 week low of $248.88 and a 52 week high of $360.00. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.20.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. (NYSE:ASR) last issued 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, S. A. B. de C. V. had a return on equity of 26.25% and a net margin of 50.08%. The business had revenue of $430.05 million during the quarter, compared to the consensus estimate of $462.98 million. Analysts predict that Grupo Aeroportuario del Sureste, S. A. B. de C. V. will post 23 EPS for the current year.

Grupo Aeroportuario del Sureste, S. A. B. de C. V. Increases Dividend

The company also recently announced an annual dividend, which will be paid on Monday, June 9th. Shareholders of record on Wednesday, May 28th will be given a $24.585 dividend. 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 of this dividend is Wednesday, May 28th. Grupo Aeroportuario del Sureste, S. A. B. de C. V.’s dividend payout ratio is 83.31%.

About Grupo Aeroportuario del Sureste, S. A. B. de C. V.

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.