Formuepleje A S Purchases New Stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Formuepleje A S acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) during the second quarter, HoldingsChannel.com reports. The firm acquired 410,671 shares of the utilities provider’s stock, valued at approximately $2,374,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% during the 2nd quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock worth $69,251,000 after acquiring an additional 1,116,681 shares during the period. WCM Investment Management LLC grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 396.7% in the first quarter. WCM Investment Management LLC now owns 2,198,987 shares of the utilities provider’s stock valued at $64,716,000 after purchasing an additional 1,756,304 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% in the fourth quarter. Mackenzie Financial Corp now owns 2,161,328 shares of the utilities provider’s stock valued at $52,072,000 after purchasing an additional 48,214 shares during the period. Vanguard Group Inc. increased its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 2,094,992 shares of the utilities provider’s stock worth $49,966,000 after purchasing an additional 48,587 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 61.9% during the fourth quarter. Wellington Management Group LLP now owns 1,785,307 shares of the utilities provider’s stock worth $42,580,000 after purchasing an additional 682,699 shares during the last quarter. Hedge funds and other institutional investors own 10.62% of the company’s stock.

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

Shares of NYSE:SBS opened at $5.17 on Monday. The business has a 50-day moving average price of $5.34 and a 200 day moving average price of $60.69. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $18.19 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 4.14 and a beta of 0.67. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12-month low of $4.43 and a 12-month high of $7.16.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its earnings results on Wednesday, August 12th. The utilities provider reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.23 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 23.93% and a return on equity of 14.03%. Sell-side analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SBS. Wall Street Zen lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a report on Monday, August 17th. Weiss Ratings downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Finally, 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 research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has a consensus rating of “Moderate Buy” and an average price target of $183.00.

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.