B. Metzler seel. Sohn & Co. Holding AG Takes Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) in the 3rd quarter, Holdings Channel reports. The firm acquired 70,555 shares of the utilities provider’s stock, valued at approximately $1,167,000.

Several other hedge funds also recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 34.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,506,844 shares of the utilities provider’s stock valued at $24,923,000 after purchasing an additional 389,063 shares during the period. Jane Street Group LLC grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 129.9% in the 1st quarter. Jane Street Group LLC now owns 332,201 shares of the utilities provider’s stock valued at $5,591,000 after purchasing an additional 187,706 shares during the period. Cubist Systematic Strategies LLC grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 483.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 226,173 shares of the utilities provider’s stock valued at $3,042,000 after purchasing an additional 187,390 shares during the period. WCM Investment Management LLC acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 3rd quarter valued at $1,815,000. Finally, Renaissance Technologies LLC grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 8.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,453,995 shares of the utilities provider’s stock valued at $19,556,000 after purchasing an additional 108,500 shares during the period. Institutional investors own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Performance

NYSE SBS opened at $16.90 on Friday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1 year low of $13.10 and a 1 year high of $18.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.35. The firm has a market cap of $11.55 billion, a price-to-earnings ratio of 6.65 and a beta of 1.16. The company has a fifty day moving average price of $16.40 and a 200-day moving average price of $15.82.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SBS shares. StockNews.com downgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. The Goldman Sachs Group upgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a research note on Sunday, October 6th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Profile

Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State.