Northern Trust Corp Has $7.08 Million Holdings in Companhia de Saneamento Bsc DEDSP (SBS)

Northern Trust Corp trimmed its position in shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS) by 43.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 877,720 shares of the utilities provider’s stock after selling 671,941 shares during the period. Northern Trust Corp owned approximately 0.13% of Companhia de Saneamento Bsc DEDSP worth $7,083,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SBS. Wells Fargo & Company MN boosted its stake in shares of Companhia de Saneamento Bsc DEDSP by 2.0% in the 3rd quarter. Wells Fargo & Company MN now owns 863,987 shares of the utilities provider’s stock valued at $5,098,000 after purchasing an additional 16,691 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Companhia de Saneamento Bsc DEDSP by 129.6% in the 3rd quarter. Mackenzie Financial Corp now owns 79,795 shares of the utilities provider’s stock valued at $471,000 after purchasing an additional 45,041 shares in the last quarter. Checchi Capital Advisers LLC acquired a new stake in shares of Companhia de Saneamento Bsc DEDSP in the 4th quarter valued at approximately $88,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Companhia de Saneamento Bsc DEDSP in the 4th quarter valued at approximately $262,000. Finally, HPM Partners LLC boosted its stake in shares of Companhia de Saneamento Bsc DEDSP by 24.0% in the 3rd quarter. HPM Partners LLC now owns 37,820 shares of the utilities provider’s stock valued at $223,000 after purchasing an additional 7,323 shares in the last quarter.

A number of research firms have recently weighed in on SBS. Zacks Investment Research upgraded shares of Companhia de Saneamento Bsc DEDSP from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. ValuEngine downgraded shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. HSBC downgraded shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Citigroup downgraded shares of Companhia de Saneamento Bsc DEDSP from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 16th. Finally, Janney Montgomery Scott downgraded shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “neutral” rating in a research note on Thursday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold”.

SBS opened at $10.53 on Wednesday. The company has a market capitalization of $6.96 billion, a PE ratio of 9.66 and a beta of 0.93. Companhia de Saneamento Bsc DEDSP has a 1-year low of $5.58 and a 1-year high of $12.25. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.04.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last issued its quarterly earnings data on Friday, March 29th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.31. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.08 billion. Companhia de Saneamento Bsc DEDSP had a net margin of 17.40% and a return on equity of 14.81%. On average, analysts expect that Companhia de Saneamento Bsc DEDSP will post 1.03 earnings per share for the current year.

The firm also recently disclosed a special dividend, which will be paid on Monday, July 8th. Investors of record on Wednesday, May 1st will be issued a $0.2999 dividend. The ex-dividend date is Tuesday, April 30th. Companhia de Saneamento Bsc DEDSP’s dividend payout ratio (DPR) is presently 22.02%.

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Companhia de Saneamento Bsc DEDSP Company Profile

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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