Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $9.24 and last traded at $9.14, with a volume of 1,521,682 shares trading hands. The stock had previously closed at $9.03.

Separately, Zacks Investment Research upgraded Companhia de Saneamento Basico do Estado de Sao Paulo from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a research note on Tuesday, June 21st.

The company’s 50-day moving average price is $8.10 and its 200 day moving average price is $6.56. The stock has a market capitalization of $6.23 billion and a price-to-earnings ratio of 24.76.

Other large investors have recently made changes to their positions in the company. Bank of Montreal Can raised its stake in shares of Companhia de Saneamento Basico do Estado de Sao Paulo by 8.7% in the fourth quarter. Bank of Montreal Can now owns 219,981 shares of the company’s stock worth $1,012,000 after buying an additional 17,610 shares in the last quarter. Alpine Woods Capital Investors LLC raised its stake in shares of Companhia de Saneamento Basico do Estado de Sao Paulo by 23.4% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 341,900 shares of the company’s stock worth $1,573,000 after buying an additional 64,800 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Companhia de Saneamento Basico do Estado de Sao Paulo by 4.7% in the fourth quarter. First Trust Advisors LP now owns 890,458 shares of the company’s stock worth $4,096,000 after buying an additional 39,882 shares in the last quarter. Finally, Russell Frank Co raised its stake in shares of Companhia de Saneamento Basico do Estado de Sao Paulo by 2.2% in the fourth quarter. Russell Frank Co now owns 3,278,825 shares of the company’s stock worth $15,315,000 after buying an additional 69,754 shares in the last quarter.

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a mixed capital company. The Company is engaged in the provision of basic and environmental sanitation services in the State of Sao Paulo, as well as it supplies treated water and sewage services on a wholesale basis. The Company operates two segments: water supply and sewage services.

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