Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Sold by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 1.1% in the fourth quarter, HoldingsChannel reports. The firm owned 410,110 shares of the utilities provider’s stock after selling 4,375 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $5,877,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Amundi boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.7% during the fourth quarter. Amundi now owns 6,752,801 shares of the utilities provider’s stock valued at $96,732,000 after acquiring an additional 426,669 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 2.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,730,495 shares of the utilities provider’s stock valued at $24,798,000 after purchasing an additional 33,200 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 1.9% during the 4th quarter. First Trust Advisors LP now owns 1,401,173 shares of the utilities provider’s stock worth $20,079,000 after purchasing an additional 26,125 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 135.5% during the fourth quarter. Northern Trust Corp now owns 1,377,086 shares of the utilities provider’s stock worth $19,734,000 after buying an additional 792,330 shares in the last quarter. Finally, Quilter Plc raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.3% in the fourth quarter. Quilter Plc now owns 1,044,718 shares of the utilities provider’s stock valued at $14,971,000 after buying an additional 43,436 shares during the last quarter. Hedge funds and other institutional investors own 10.62% of the company’s stock.

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

Shares of NYSE:SBS opened at $20.59 on Friday. The business has a fifty day simple moving average of $18.30 and a 200-day simple moving average of $16.64. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52 week low of $13.10 and a 52 week high of $20.92. The company has a market cap of $14.07 billion, a P/E ratio of 8.11 and a beta of 0.81. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last posted its quarterly earnings data on Monday, March 24th. The utilities provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.43. The company had revenue of $981.20 million during the quarter, compared to the consensus estimate of $6.89 billion. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a net margin of 25.62% and a return on equity of 27.73%. Equities research analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Friday.

About Companhia de Saneamento Básico do Estado de São 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.