135,172 Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 50.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 134,001 shares of the utilities provider’s stock after selling 135,172 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $712,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SBS. Diversify Wealth Management LLC purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth about $236,000. DGS Capital Management LLC purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the first quarter valued at about $237,000. SG Americas Securities LLC purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the first quarter valued at about $246,000. GAMMA Investing LLC boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 430.6% in the second quarter. GAMMA Investing LLC now owns 8,341 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 6,769 shares during the last quarter. Finally, World Investment Advisors bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 1st quarter valued at approximately $259,000. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Analyst Upgrades and Downgrades

SBS has been the subject of a number of research reports. Weiss Ratings downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. 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 report on Tuesday, July 28th. Finally, Wall Street Zen downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. Two research 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, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp currently has a consensus rating of “Moderate Buy” and a consensus target price of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 26.4%

Shares of NYSE SBS opened at $4.71 on Tuesday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $4.45 and a one year high of $7.16. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.47 and a quick ratio of 1.47. The business’s fifty day moving average price is $5.46 and its 200-day moving average price is $60.94. The stock has a market capitalization of $16.57 billion, a PE ratio of 13.20, a P/E/G ratio of 4.90 and a beta of 0.67.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its quarterly earnings results on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 14.03% and a net margin of 23.93%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.23 billion. On average, equities research analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.38 EPS for the current year.

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

Companhia de Saneamento Básico do Estado de São Paulo, known as Sabesp, is a Brazilian water and sanitation company headquartered in São Paulo. Established in 1973, the company provides essential public-utility services, including the production, treatment and distribution of drinking water and the collection and treatment of wastewater.

Sabesp serves municipalities across the state of São Paulo, with a significant presence in the São Paulo metropolitan area and other urban and regional communities.