Orion Portfolio Solutions LLC Purchases 19,395 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Orion Portfolio Solutions LLC raised its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 38.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,152 shares of the utilities provider’s stock after acquiring an additional 19,395 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $1,160,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 63.4% in the third quarter. Daiwa Securities Group Inc. now owns 92,800 shares of the utilities provider’s stock valued at $1,535,000 after acquiring an additional 36,000 shares during the period. Citigroup Inc. lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4,931.7% in the third quarter. Citigroup Inc. now owns 1,216,372 shares of the utilities provider’s stock valued at $20,119,000 after acquiring an additional 1,192,198 shares during the period. Pitcairn Co. bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter valued at about $1,016,000. Dynamic Technology Lab Private Ltd bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter valued at about $966,000. Finally, Sequoia Financial Advisors LLC increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 13.4% in the third quarter. Sequoia Financial Advisors LLC now owns 16,709 shares of the utilities provider’s stock worth $276,000 after buying an additional 1,980 shares in the last quarter. Institutional investors own 10.62% of the company’s stock.

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

Shares of SBS opened at $14.75 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. The business has a 50-day simple moving average of $16.00 and a two-hundred day simple moving average of $15.88. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 5.81 and a beta of 1.14. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52 week low of $13.10 and a 52 week high of $18.36.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. The Goldman Sachs Group upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a research report on Sunday, October 6th. StockNews.com cut 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.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company Profile

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.