Robeco Institutional Asset Management B.V. boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 34.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,506,844 shares of the utilities provider's stock after purchasing an additional 389,063 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.22% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $24,923,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in SBS. US Bancorp DE boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 19.0% during the 3rd quarter. US Bancorp DE now owns 15,374 shares of the utilities provider's stock valued at $254,000 after buying an additional 2,455 shares during the last quarter. Custom Index Systems LLC raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 11.3% in the third quarter. Custom Index Systems LLC now owns 23,145 shares of the utilities provider's stock valued at $383,000 after acquiring an additional 2,341 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 3.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,973 shares of the utilities provider's stock valued at $347,000 after acquiring an additional 770 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 13.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 16,709 shares of the utilities provider's stock worth $276,000 after acquiring an additional 1,980 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 3rd quarter worth $45,000. 10.62% of the stock is owned by hedge funds and other institutional investors.
SBS has been the topic of several research analyst reports. 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 report on Thursday, September 12th. The Goldman Sachs Group raised Companhia de Saneamento Básico do Estado de São Paulo - SABESP to a "strong-buy" rating in a report on Sunday, October 6th.
Check Out Our Latest Stock Analysis on Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock opened at $15.90 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 1.35. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 12 month low of $12.11 and a 12 month high of $18.36. The company has a fifty day moving average price of $16.52 and a two-hundred day moving average price of $15.77. The company has a market cap of $10.87 billion, a PE ratio of 13.47 and a beta of 1.16.
Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08. The business had revenue of $1.30 billion during the quarter. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a net margin of 15.00% and a return on equity of 13.34%. Research analysts expect that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 1.13 earnings per share for the current year.
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.
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