Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc cut its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 15.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,140,360 shares of the utilities provider’s stock after selling 1,703,252 shares during the quarter. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp comprises about 1.2% of Impax Asset Management Group plc’s investment portfolio, making the stock its 25th biggest holding. Impax Asset Management Group plc’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $200,083,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. KBC Group NV raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3.8% in the 2nd quarter. KBC Group NV now owns 30,310 shares of the utilities provider’s stock worth $666,000 after purchasing an additional 1,118 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.1% during the 2nd quarter. ProShare Advisors LLC now owns 48,495 shares of the utilities provider’s stock worth $1,065,000 after acquiring an additional 2,348 shares in the last quarter. Profund Advisors LLC grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3.6% in the 2nd quarter. Profund Advisors LLC now owns 20,388 shares of the utilities provider’s stock worth $448,000 after acquiring an additional 715 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 22.1% in the 2nd quarter. Metis Global Partners LLC now owns 24,919 shares of the utilities provider’s stock worth $547,000 after acquiring an additional 4,518 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 373.6% during the second quarter. Creative Financial Designs Inc. ADV now owns 3,159 shares of the utilities provider’s stock worth $69,000 after purchasing an additional 2,492 shares during the period. Institutional investors own 10.62% of the company’s stock.

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

SBS stock opened at $26.68 on Thursday. The firm has a 50 day simple moving average of $24.15 and a 200 day simple moving average of $21.91. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $13.87 and a 52 week high of $26.74. The stock has a market cap of $18.24 billion, a P/E ratio of 9.23 and a beta of 0.82. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.26 and a current ratio of 1.26.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its earnings results on Monday, November 10th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 29.64% and a return on equity of 29.34%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.07 billion. Research analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Zacks Research upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

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

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.