Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) fell 4.1% during mid-day trading on Monday . The stock traded as low as $9.00 and last traded at $9.05, with a volume of 1,598,984 shares. The stock had previously closed at $9.44.

Several brokerages have issued reports on SBS. Janney Montgomery Scott lowered Companhia de Saneamento Basico do Estado de Sao Paulo from a “buy” rating to a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered Companhia de Saneamento Basico do Estado de Sao Paulo from an “overweight” rating to a “neutral” rating in a research note on Friday, July 29th. Finally, Zacks Investment Research lowered Companhia de Saneamento Basico do Estado de Sao Paulo from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th.

The company has a market cap of $6.02 billion and a PE ratio of 23.25. The company has a 50-day moving average of $8.82 and a 200-day moving average of $7.08.

Several large investors recently bought and sold shares of SBS. Bank of Montreal Can raised its stake in 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 valued at $1,012,000 after buying an additional 17,610 shares during the period. Alpine Woods Capital Investors LLC raised its stake in 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 valued at $1,573,000 after buying an additional 64,800 shares during the period. KBC Group NV raised its stake in Companhia de Saneamento Basico do Estado de Sao Paulo by 5.7% in the fourth quarter. KBC Group NV now owns 563,612 shares of the company’s stock valued at $2,593,000 after buying an additional 30,385 shares during the period. Finally, First Trust Advisors LP raised its stake in 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 valued at $4,096,000 after buying an additional 39,882 shares during the period.

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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