Robeco Institutional Asset Management B.V. Increases Stock Position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Robeco Institutional Asset Management B.V. boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 34.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,506,844 shares of the utilities provider's stock after buying an additional 389,063 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.22% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $24,923,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of SBS. Allspring Global Investments Holdings LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 3rd quarter worth approximately $45,000. Summit Securities Group LLC acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the second quarter worth $95,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 55.6% during the second 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 during the period. Inspire Advisors LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the third quarter valued at about $166,000. Finally, Atomi Financial Group Inc. bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 3rd quarter worth about $176,000. Institutional investors own 10.62% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. The Goldman Sachs Group raised 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 lowered 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 Stock Up 1.8 %

Shares of NYSE SBS traded up $0.28 during mid-day trading on Wednesday, reaching $16.18. 1,311,305 shares of the company's stock traded hands, compared to its average volume of 1,066,098. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 1.35. The business has a 50-day simple moving average of $16.50 and a 200 day simple moving average of $15.77. The stock has a market cap of $11.06 billion, a P/E ratio of 13.71 and a beta of 1.16. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1-year low of $12.11 and a 1-year high of $18.36.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.08. The business had revenue of $1.30 billion during the quarter. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a return on equity of 13.34% and a net margin of 15.00%. On average, analysts expect that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 1.13 EPS for the current fiscal year.

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.