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

Robeco Institutional Asset Management B.V. lowered its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,341,529 shares of the utilities provider's stock after selling 165,315 shares during the period. Robeco Institutional Asset Management B.V. owned 0.20% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $19,224,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SBS. Allspring Global Investments Holdings LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 3rd quarter worth about $45,000. Advisors Asset Management Inc. lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 33.7% during the third quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider's stock worth $60,000 after purchasing an additional 911 shares during the last quarter. R Squared Ltd acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter valued at approximately $66,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 55.6% in 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 in the last quarter. Finally, Inspire Advisors LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the third quarter valued at approximately $166,000. Hedge funds and other 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 stock traded up $0.43 during mid-day trading on Tuesday, hitting $16.88. 1,094,743 shares of the stock were exchanged, compared to its average volume of 721,938. The stock's fifty day simple moving average is $15.07 and its two-hundred day simple moving average is $16.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio 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. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of 6.64 and a beta of 1.14.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a research report on Friday, December 27th.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Company 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.