WCM Investment Management LLC Buys 36,315 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

WCM Investment Management LLC increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 16.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,339 shares of the utilities provider’s stock after acquiring an additional 36,315 shares during the quarter. WCM Investment Management LLC’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $6,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% during the second quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 1,666 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 373.6% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 3,159 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 2,492 shares during the last quarter. CWM LLC increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 82.9% in the third quarter. CWM LLC now owns 4,180 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 1,895 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 856.5% during the second quarter. Hantz Financial Services Inc. now owns 5,041 shares of the utilities provider’s stock valued at $111,000 after acquiring an additional 4,514 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 32.2% during the third quarter. Farther Finance Advisors LLC now owns 5,505 shares of the utilities provider’s stock valued at $137,000 after acquiring an additional 1,341 shares during the last quarter. 10.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SBS has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Wednesday, January 21st. Zacks Research cut Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong sell” rating in a report on Friday, January 2nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 1.7%

SBS opened at $27.79 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $15.70 and a 52 week high of $28.37. The stock has a market cap of $19.56 billion, a PE ratio of 15.38, a PEG ratio of 4.16 and a beta of 0.78. The business has a 50 day moving average of $25.10 and a 200-day moving average of $23.84.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last issued its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 16.08% and a net margin of 22.32%.The company had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Equities research analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current fiscal year.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Announces Dividend

The firm also recently declared a special dividend, which will be paid on Monday, May 11th. Investors of record on Monday, December 29th will be given a dividend of $0.4772 per share. The ex-dividend date of this dividend is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio (DPR) is 40.33%.

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

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.