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

Robeco Institutional Asset Management B.V. lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 2.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 929,065 shares of the utilities provider’s stock after purchasing an additional 23,281 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 $23,124,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Ethic Inc. acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the third quarter valued at approximately $303,000. CWM LLC raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 82.9% in the 3rd 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. Farther Finance Advisors LLC lifted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 32.2% during the 3rd 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 in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 3rd quarter worth $1,731,000. Finally, Lester Murray Antman dba SimplyRich increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 10.1% in the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 21,142 shares of the utilities provider’s stock valued at $526,000 after purchasing an additional 1,948 shares in the last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 2.0%

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $24.48 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $25.28 and a 200-day simple moving average of $23.24. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a fifty-two week low of $14.25 and a fifty-two week high of $27.25. The firm has a market cap of $16.88 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 3.68 and a beta of 0.81.

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

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

The business also recently disclosed a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, December 29th will be issued a dividend of $0.4772 per share. The ex-dividend date is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s payout ratio is presently 40.33%.

Wall Street Analyst Weigh In

A number of research analysts have commented on SBS shares. Zacks Research cut Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong sell” rating in a research note on Friday, January 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp currently has an average rating of “Hold”.

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