Schwartz Investment Counsel Inc. Makes New Investment in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Schwartz Investment Counsel Inc. purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 81,000 shares of the utilities provider’s stock, valued at approximately $1,161,000.

A number of other institutional investors have also modified their holdings of SBS. Allspring Global Investments Holdings LLC acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter valued at approximately $45,000. Advisors Asset Management Inc. grew its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock worth $60,000 after buying an additional 911 shares during the last quarter. R Squared Ltd acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth $66,000. Inspire Advisors LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter valued at $166,000. Finally, Ballentine Partners LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at $145,000. Institutional investors own 10.62% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Up 1.5 %

SBS opened at $17.01 on Wednesday. The stock’s 50 day moving average price is $15.17 and its 200 day moving average price is $16.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. The stock has a market cap of $11.62 billion, a P/E ratio of 6.69 and a beta of 1.14. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12 month low of $13.10 and a 12 month high of $18.36.

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

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.