Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. raised its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 34.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,506,844 shares of the utilities provider’s stock after acquiring an additional 389,063 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $24,923,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Duff & Phelps Investment Management Co. increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.5% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,465,000 shares of the utilities provider’s stock valued at $19,704,000 after acquiring an additional 90,000 shares during the period. Renaissance Technologies LLC raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 8.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,453,995 shares of the utilities provider’s stock worth $19,556,000 after buying an additional 108,500 shares in the last quarter. Quilter Plc lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 2.2% in the 2nd quarter. Quilter Plc now owns 979,750 shares of the utilities provider’s stock worth $13,178,000 after acquiring an additional 20,759 shares during the period. Maryland State Retirement & Pension System lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 1.1% in the 2nd quarter. Maryland State Retirement & Pension System now owns 415,460 shares of the utilities provider’s stock worth $5,588,000 after acquiring an additional 4,629 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 129.9% in the first quarter. Jane Street Group LLC now owns 332,201 shares of the utilities provider’s stock valued at $5,591,000 after acquiring an additional 187,706 shares in the last quarter. Institutional investors own 10.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SBS. StockNews.com downgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. The Goldman Sachs Group upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a report on Sunday, October 6th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Performance

NYSE:SBS opened at $15.90 on Wednesday. The company has a 50-day moving average of $16.52 and a 200-day moving average of $15.77. The firm has a market cap of $10.87 billion, a price-to-earnings ratio of 13.47 and a beta of 1.16. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 0.61. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a twelve month low of $12.11 and a twelve month high of $18.36.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last issued its earnings results on Thursday, August 8th. The utilities provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $1.30 billion during the quarter. 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%. Analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.13 earnings per share for the current fiscal year.

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.