Quantbot Technologies LP Purchases Shares of 85,561 Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Quantbot Technologies LP purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 85,561 shares of the utilities provider’s stock, valued at approximately $2,130,000.

Several other large investors also recently modified their holdings of the stock. Creative Financial Designs Inc. ADV increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 68.2% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,315 shares of the utilities provider’s stock valued at $132,000 after acquiring an additional 2,156 shares in the last quarter. US Bancorp DE grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3.2% in the third quarter. US Bancorp DE now owns 20,029 shares of the utilities provider’s stock worth $499,000 after purchasing an additional 612 shares during the period. Compound Planning Inc. increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 11.1% in the third quarter. Compound Planning Inc. now owns 13,882 shares of the utilities provider’s stock valued at $346,000 after purchasing an additional 1,391 shares in the last quarter. Raiffeisen Bank International AG raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 55.0% during the third quarter. Raiffeisen Bank International AG now owns 37,271 shares of the utilities provider’s stock valued at $912,000 after purchasing an additional 13,221 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 43.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 86,700 shares of the utilities provider’s stock worth $2,158,000 after purchasing an additional 26,212 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 Down 5.2%

NYSE:SBS opened at $28.07 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50-day moving average of $26.58 and a 200-day moving average of $25.09. The company has a market cap of $19.75 billion, a PE ratio of 15.54, a PEG ratio of 5.77 and a beta of 0.78. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $15.70 and a one year high of $30.63.

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

The business also recently announced 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 payout ratio is presently 40.33%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SBS shares. Weiss Ratings restated 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 raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.