Letko Brosseau & Associates Inc. Sells 98,750 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Letko Brosseau & Associates Inc. trimmed its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,253,589 shares of the utilities provider’s stock after selling 98,750 shares during the period. Letko Brosseau & Associates Inc. owned about 0.33% of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp worth $49,511,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SBS. Blue Trust Inc. grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.1% in the second quarter. Blue Trust Inc. now owns 26,468 shares of the utilities provider’s stock worth $582,000 after purchasing an additional 543 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 42.7% in the second quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 552 shares during the last quarter. Yousif Capital Management LLC increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.4% during the 2nd quarter. Yousif Capital Management LLC now owns 11,115 shares of the utilities provider’s stock valued at $244,000 after purchasing an additional 565 shares during the period. Sequoia Financial Advisors LLC raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,837 shares of the utilities provider’s stock valued at $282,000 after purchasing an additional 616 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3.6% during the second quarter. Profund Advisors LLC now owns 20,388 shares of the utilities provider’s stock valued at $448,000 after buying an additional 715 shares during the period. Institutional investors own 10.62% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Wednesday, October 8th. Zacks Research upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 1.1%

Shares of SBS stock opened at $26.86 on Friday. The stock has a market cap of $18.36 billion, a P/E ratio of 9.29 and a beta of 0.82. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.69. The company has a 50 day simple moving average of $24.31 and a two-hundred day simple moving average of $22.00. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12 month low of $13.87 and a 12 month high of $27.12.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its quarterly earnings data on Monday, November 10th. The utilities provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.07 by $0.27. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.07 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 29.64% and a return on equity of 29.34%. On average, research analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current year.

Companhia de saneamento Basico Do Estado De Sao 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.