Grupo Aeroportuario del Sureste (NYSE:ASR) Cut to Underweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Grupo Aeroportuario del Sureste (NYSE:ASR) from a neutral rating to an underweight rating in a research note published on Wednesday, MarketBeat Ratings reports.

A number of other research firms also recently commented on ASR. Barclays upgraded shares of Grupo Aeroportuario del Sureste from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Friday, July 17th. Finally, UBS Group upgraded shares of Grupo Aeroportuario del Sureste from a “neutral” rating to a “buy” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $300.00.

Grupo Aeroportuario del Sureste Stock Performance

Shares of ASR opened at $268.51 on Wednesday. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.70 and a beta of 0.46. The company has a quick ratio of 3.39, a current ratio of 3.39 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $294.17 and its two-hundred day moving average is $321.98. Grupo Aeroportuario del Sureste has a 52-week low of $259.01 and a 52-week high of $381.52.

Grupo Aeroportuario del Sureste (NYSE:ASR) last released its quarterly earnings results on Thursday, July 23rd. The transportation company reported $4.38 earnings per share for the quarter, missing analysts’ consensus estimates of $4.92 by ($0.54). The company had revenue of $547.46 million for the quarter, compared to analyst estimates of $517.35 million. Grupo Aeroportuario del Sureste had a return on equity of 21.85% and a net margin of 26.07%. Analysts forecast that Grupo Aeroportuario del Sureste will post 20.43 EPS for the current fiscal year.

Grupo Aeroportuario del Sureste Announces Dividend

The company also recently disclosed a special dividend, which was paid on Monday, June 8th. Investors of record on Wednesday, May 27th were paid a dividend of $5.7572 per share. The ex-dividend date was Wednesday, May 27th. Grupo Aeroportuario del Sureste’s dividend payout ratio (DPR) is 106.72%.

Institutional Trading of Grupo Aeroportuario del Sureste

Institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Grupo Aeroportuario del Sureste in the 4th quarter worth about $35,000. Atlas Capital Advisors Inc. bought a new stake in shares of Grupo Aeroportuario del Sureste during the 4th quarter valued at about $49,000. EverSource Wealth Advisors LLC grew its position in shares of Grupo Aeroportuario del Sureste by 766.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock valued at $50,000 after buying an additional 138 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Grupo Aeroportuario del Sureste by 38.2% during the 2nd quarter. Osaic Holdings Inc. now owns 181 shares of the transportation company’s stock valued at $58,000 after buying an additional 50 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Grupo Aeroportuario del Sureste by 63.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 324 shares of the transportation company’s stock worth $105,000 after acquiring an additional 126 shares during the period. Institutional investors own 10.57% of the company’s stock.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, SAB. de C.V. (NYSE: ASR) is a leading airport operator in Mexico specializing in the development, operation and management of airports under long-term concession agreements. The company’s core business activities include the operation of passenger and cargo terminals, the administration of retail and service concessions, the provision of parking and ground-support services, and the implementation of security and maintenance programs.

ASR holds concession rights for nine airports across southeastern Mexico, including premier tourism hubs such as Cancún, Cozumel and Huatulco, as well as regional facilities in Mérida, Oaxaca, Veracruz and Minatitlán.