Perpetual Ltd Grows Holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Perpetual Ltd grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 116.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,719,250 shares of the utilities provider’s stock after buying an additional 925,684 shares during the quarter. Perpetual Ltd owned 0.25% of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp worth $42,792,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Strs Ohio bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the first quarter valued at $29,142,000. Bank of America Corp DE lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% during the second quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock worth $69,251,000 after purchasing an additional 1,116,681 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 159.8% in the 1st quarter. American Century Companies Inc. now owns 1,280,088 shares of the utilities provider’s stock worth $22,862,000 after purchasing an additional 787,399 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 2nd quarter valued at about $10,443,000. Finally, Assetmark Inc. raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 32.5% during the 2nd quarter. Assetmark Inc. now owns 962,942 shares of the utilities provider’s stock valued at $21,156,000 after buying an additional 235,962 shares in the last quarter. 10.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SBS has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Wednesday, October 8th. Zacks Research lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 0.4%

Shares of SBS stock opened at $24.57 on Friday. The business has a 50-day moving average of $25.16 and a 200 day moving average of $22.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.17. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1-year low of $14.04 and a 1-year high of $27.25. The stock has a market capitalization of $16.79 billion, a PE ratio of 13.21, a P/E/G ratio of 3.67 and a beta of 0.80.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.27. The business had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 16.08% and a net margin of 22.32%. As a group, sell-side analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current year.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.