Oppenheimer & Co. Inc. raised its holdings in shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,625 shares of the utilities provider’s stock after buying an additional 1,000 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Companhia de Saneamento Bsc DEDSP were worth $1,006,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SBS. Henry James International Management Inc. acquired a new position in shares of Companhia de Saneamento Bsc DEDSP during the second quarter worth approximately $999,000. Daiwa Securities Group Inc. grew its holdings in shares of Companhia de Saneamento Bsc DEDSP by 10.6% during the second quarter. Daiwa Securities Group Inc. now owns 159,350 shares of the utilities provider’s stock worth $1,939,000 after purchasing an additional 15,300 shares during the last quarter. Greenleaf Trust grew its holdings in shares of Companhia de Saneamento Bsc DEDSP by 65.5% during the second quarter. Greenleaf Trust now owns 17,881 shares of the utilities provider’s stock worth $218,000 after purchasing an additional 7,077 shares during the last quarter. Atlas Capital Advisors LLC grew its holdings in shares of Companhia de Saneamento Bsc DEDSP by 106.6% during the second quarter. Atlas Capital Advisors LLC now owns 16,516 shares of the utilities provider’s stock worth $201,000 after purchasing an additional 8,521 shares during the last quarter. Finally, PGGM Investments acquired a new position in shares of Companhia de Saneamento Bsc DEDSP during the second quarter valued at $4,868,000. Institutional investors own 14.33% of the company’s stock.

Several equities analysts have recently issued reports on the company. Warburg Research reaffirmed a “neutral” rating and set a $66.00 price target on shares of Companhia de Saneamento Bsc DEDSP in a research note on Monday, October 21st. ValuEngine raised Companhia de Saneamento Bsc DEDSP from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $39.50.

NYSE:SBS opened at $13.28 on Friday. Companhia de Saneamento Bsc DEDSP has a 1-year low of $6.96 and a 1-year high of $14.60. The business’s 50-day moving average price is $12.45 and its two-hundred day moving average price is $12.38. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 12.18 and a beta of 0.95.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last released its earnings results on Wednesday, August 21st. The utilities provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.08). Companhia de Saneamento Bsc DEDSP had a net margin of 19.22% and a return on equity of 15.95%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $968.59 million. Sell-side analysts predict that Companhia de Saneamento Bsc DEDSP will post 0.94 earnings per share for the current year.

About Companhia de Saneamento Bsc DEDSP

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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Institutional Ownership by Quarter for Companhia de Saneamento Bsc DEDSP (NYSE:SBS)

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