Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Shares Purchased by Blue Trust Inc.

Blue Trust Inc. increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,468 shares of the utilities provider’s stock after buying an additional 543 shares during the quarter. Blue Trust Inc.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SBS. Handelsbanken Fonder AB purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth about $803,000. GAMMA Investing LLC lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3,664.0% during the 1st quarter. GAMMA Investing LLC now owns 23,111 shares of the utilities provider’s stock worth $413,000 after acquiring an additional 22,497 shares during the period. Northern Trust Corp grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.1% during the 1st quarter. Northern Trust Corp now owns 1,446,698 shares of the utilities provider’s stock valued at $25,838,000 after purchasing an additional 69,612 shares during the last quarter. Compound Planning Inc. acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the first quarter valued at about $222,000. Finally, Perpetual Ltd raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 12.3% in the first quarter. Perpetual Ltd now owns 790,709 shares of the utilities provider’s stock worth $14,122,000 after purchasing an additional 86,745 shares during the last quarter. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings restated 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 raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp currently has a consensus rating of “Strong Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Price Performance

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $22.24 on Monday. The firm has a market cap of $15.20 billion, a PE ratio of 7.70 and a beta of 0.86. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a twelve month low of $13.87 and a twelve month high of $25.07. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.69. The business has a 50-day moving average price of $22.71 and a 200 day moving average price of $20.90.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.