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

Gradient Investments LLC grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 423.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Assetmark Inc. raised its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3.8% during the fourth quarter. Assetmark Inc. now owns 985,400 shares of the utilities provider’s stock valued at $23,502,000 after buying an additional 36,240 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 13.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,050,226 shares of the utilities provider’s stock worth $25,048,000 after acquiring an additional 121,161 shares in the last quarter. Whittier Trust Co. bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th quarter worth about $550,000. B. Metzler seel. Sohn & Co. AG increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 43.1% during the 4th 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 last quarter. Finally, UBS Group AG increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 248.9% during the 4th 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 last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SBS shares. Zacks Research cut 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. 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 research note on Monday, May 11th. Finally, Wall Street Zen upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating in a report on Sunday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $183.00.

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

SBS opened at $5.32 on Friday. The stock’s 50 day simple moving average is $5.59 and its 200-day simple moving average is $79.55. The company has a current ratio of 1.74, a quick ratio of 1.73 and a debt-to-equity ratio of 1.07. The stock has a market cap of $18.70 billion, a PE ratio of 13.86, a P/E/G ratio of 4.52 and a beta of 0.68. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1 year low of $4.00 and a 1 year high of $7.16.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last issued its earnings results on Thursday, May 7th. The utilities provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.06). The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.28 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 16.38% and a net margin of 24.25%. Sell-side analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.34 EPS for the current year.

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

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.