Renaissance Technologies LLC Boosts Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Renaissance Technologies LLC lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 2.0% during the 4th quarter, HoldingsChannel reports. The firm owned 1,730,495 shares of the utilities provider’s stock after buying an additional 33,200 shares during the period. Renaissance Technologies LLC’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $24,798,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 3rd quarter worth approximately $733,000. State Street Corp raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 15.1% in the 3rd quarter. State Street Corp now owns 470,822 shares of the utilities provider’s stock worth $7,787,000 after purchasing an additional 61,874 shares in the last quarter. Quilter Plc lifted its holdings in 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 worth $14,971,000 after buying an additional 43,436 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at approximately $26,000. Finally, Perpetual Ltd boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 8.4% during the 4th quarter. Perpetual Ltd now owns 703,964 shares of the utilities provider’s stock valued at $10,088,000 after buying an additional 54,326 shares in the last quarter. 10.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research note on Tuesday, April 1st.

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

SBS opened at $18.24 on Friday. The firm has a market cap of $12.46 billion, a PE ratio of 7.18 and a beta of 0.77. The stock has a 50-day moving average price of $17.19 and a 200-day moving average price of $16.17. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1 year low of $13.10 and a 1 year high of $18.95. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last issued its earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.43. The business had revenue of $981.20 million during the quarter, compared to analysts’ expectations 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%. Sell-side analysts predict that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 earnings per share for the current fiscal year.

Companhia de Saneamento Básico do Estado de São 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.