Robeco Institutional Asset Management B.V. lessened its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS – Free Report) by 50.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,001 shares of the utilities provider’s stock after selling 135,172 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $712,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Diversify Wealth Management LLC bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 1st quarter worth approximately $236,000. DGS Capital Management LLC purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the first quarter worth approximately $237,000. SG Americas Securities LLC bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the first quarter valued at approximately $246,000. GAMMA Investing LLC lifted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 430.6% in the second quarter. GAMMA Investing LLC now owns 8,341 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 6,769 shares in the last quarter. Finally, World Investment Advisors bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the first quarter valued at approximately $259,000. Institutional investors own 10.62% of the company’s stock.
Wall Street Analyst Weigh In
SBS has been the subject of several recent research reports. Weiss Ratings downgraded 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. Zacks Research lowered 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. Finally, Wall Street Zen cut Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $183.00.
Check Out Our Latest Research Report on SBS
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Price Performance
Shares of NYSE SBS opened at $4.71 on Tuesday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a twelve month low of $4.45 and a twelve month high of $7.16. The stock’s 50 day moving average price is $5.46 and its 200-day moving average price is $60.94. The company has a market capitalization of $16.57 billion, a PE ratio of 13.20, a PEG ratio of 4.90 and a beta of 0.67. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.02.
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS – Get Free Report) last released its earnings results on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate 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%. On average, equities analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.38 EPS for the current year.
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Profile
Companhia de Saneamento Básico do Estado de São Paulo, known as Sabesp, is a Brazilian water and sanitation company headquartered in São Paulo. Established in 1973, the company provides essential public-utility services, including the production, treatment and distribution of drinking water and the collection and treatment of wastewater.
Sabesp serves municipalities across the state of São Paulo, with a significant presence in the São Paulo metropolitan area and other urban and regional communities.
Recommended Stories
- Five stocks we like better than Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
Want to see what other hedge funds are holding SBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS – Free Report).
Receive News & Ratings for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp and related companies with MarketBeat.com's FREE daily email newsletter.
