Boston Common Asset Management LLC Makes New Investment in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Boston Common Asset Management LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,056 shares of the utilities provider’s stock, valued at approximately $514,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Securities Group LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 2nd quarter valued at approximately $95,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 55.6% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,305 shares of the utilities provider’s stock valued at $125,000 after buying an additional 3,324 shares in the last quarter. First Affirmative Financial Network raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 10.6% during the second quarter. First Affirmative Financial Network now owns 11,165 shares of the utilities provider’s stock valued at $150,000 after buying an additional 1,069 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the second quarter worth $155,000. Finally, Atomi Financial Group Inc. bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter worth $176,000. 10.62% of the stock is owned by hedge funds and other institutional investors.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Down 0.9 %

NYSE SBS opened at $15.76 on Friday. The stock has a 50 day moving average price of $17.02 and a 200-day moving average price of $15.80. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a one year low of $11.46 and a one year high of $18.36. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.35 and a current ratio of 1.36. The company has a market capitalization of $10.77 billion, a P/E ratio of 14.87 and a beta of 1.16.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last released its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. 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%. The company had revenue of $1.30 billion for the quarter. As a group, equities analysts predict that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on SBS shares. 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 note 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.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP

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.