Gradient Investments LLC Acquires 796,772 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Gradient Investments LLC boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 423.2% in the second quarter, Holdings Channel reports. The firm owned 985,027 shares of the utilities provider’s stock after purchasing an additional 796,772 shares during the quarter. Gradient Investments LLC’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $5,693,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Assetmark Inc. raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3.8% in the 4th quarter. Assetmark Inc. now owns 985,400 shares of the utilities provider’s stock worth $23,502,000 after buying an additional 36,240 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 13.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,050,226 shares of the utilities provider’s stock valued at $25,048,000 after buying an additional 121,161 shares in the last quarter. Whittier Trust Co. acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter valued at $550,000. B. Metzler seel. Sohn & Co. AG grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 43.1% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 78,406 shares of the utilities provider’s stock valued at $1,870,000 after acquiring an additional 23,616 shares during the period. Finally, UBS Group AG grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 248.9% in the fourth quarter. UBS Group AG now owns 968,096 shares of the utilities provider’s stock valued at $23,089,000 after acquiring an additional 690,636 shares during the period. 10.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SBS has been the subject of several recent analyst reports. Wall Street Zen raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Finally, Zacks Research cut 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $183.00.

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

Shares of SBS stock opened at $5.32 on Friday. The firm has a market cap of $18.70 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 4.52 and a beta of 0.68. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12 month low of $4.00 and a 12 month high of $7.16. The company has a quick ratio of 1.73, a current ratio of 1.74 and a debt-to-equity ratio of 1.07. The stock has a 50-day moving average price of $5.59 and a 200 day moving average price of $79.55.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its earnings results on Thursday, May 7th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.28 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 24.25% and a return on equity of 16.38%. Research analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.34 EPS for the current year.

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

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.