Blue Trust Inc. Buys 17,662 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Blue Trust Inc. grew its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 82.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,008 shares of the utilities provider's stock after buying an additional 17,662 shares during the period. Blue Trust Inc.'s holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $559,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SBS. Allspring Global Investments Holdings LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 3rd quarter worth approximately $45,000. Advisors Asset Management Inc. lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 33.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider's stock worth $60,000 after acquiring an additional 911 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 55.6% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,305 shares of the utilities provider's stock valued at $125,000 after purchasing an additional 3,324 shares in the last quarter. Ballentine Partners LLC bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter valued at $145,000. Finally, Strategic Investment Advisors MI purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter worth $147,000. Institutional investors own 10.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SBS shares. The Goldman Sachs Group upgraded shares of 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 report on Friday, December 27th.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Up 0.3 %

Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock traded up $0.05 on Friday, hitting $16.27. The stock had a trading volume of 236,182 shares, compared to its average volume of 661,919. The stock's 50-day simple moving average is $15.09 and its two-hundred day simple moving average is $16.02. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a one year low of $13.10 and a one year high of $18.36. 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 stock has a market cap of $11.12 billion, a price-to-earnings ratio of 6.41 and a beta of 1.13.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Profile

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.