B. Metzler seel. Sohn & Co. Holding AG Purchases New Holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 70,555 shares of the utilities provider's stock, valued at approximately $1,167,000.

A number of other hedge funds have also recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 34.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,506,844 shares of the utilities provider's stock valued at $24,923,000 after buying an additional 389,063 shares during the last quarter. Duff & Phelps Investment Management Co. increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 6.5% in the second quarter. Duff & Phelps Investment Management Co. now owns 1,465,000 shares of the utilities provider's stock valued at $19,704,000 after buying an additional 90,000 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 8.1% in the second quarter. Renaissance Technologies LLC now owns 1,453,995 shares of the utilities provider's stock valued at $19,556,000 after buying an additional 108,500 shares during the last quarter. Quilter Plc raised its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 2.2% during the second quarter. Quilter Plc now owns 979,750 shares of the utilities provider's stock valued at $13,178,000 after buying an additional 20,759 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 1.1% during the 2nd quarter. Maryland State Retirement & Pension System now owns 415,460 shares of the utilities provider's stock worth $5,588,000 after buying an additional 4,629 shares during the last quarter. Institutional investors and hedge funds own 10.62% of the company's stock.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Price Performance

Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock traded up $0.24 during mid-day trading on Friday, hitting $16.90. The company's stock had a trading volume of 593,844 shares, compared to its average volume of 871,705. The stock has a market capitalization of $11.55 billion, a P/E ratio of 6.65 and a beta of 1.16. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a twelve month low of $13.10 and a twelve month high of $18.36. The stock's fifty day moving average price is $16.40 and its two-hundred day moving average price is $15.82. The company has a quick ratio of 1.35, a current ratio of 1.14 and a debt-to-equity ratio of 0.56.

Wall Street Analyst Weigh In

SBS has been the topic of a number of research reports. The Goldman Sachs Group raised shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP to a "strong-buy" rating in a report on Sunday, October 6th. StockNews.com downgraded 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.

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.