VPR Management LLC Increases Position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

VPR Management LLC raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 400.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 147,885 shares of the utilities provider’s stock after purchasing an additional 118,334 shares during the period. VPR Management LLC’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $855,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SBS. Arax Advisory Partners purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter valued at $44,000. GAMMA Investing LLC raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 430.6% during the second quarter. GAMMA Investing LLC now owns 8,341 shares of the utilities provider’s stock valued at $48,000 after buying an additional 6,769 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 1,666 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter worth $54,000. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SBS shares. Weiss Ratings cut Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Zacks Research cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 0.4%

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $5.17 on Monday. The firm has a market cap of $18.19 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 4.14 and a beta of 0.67. The stock has a fifty day simple moving average of $5.34 and a two-hundred day simple moving average of $60.69. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12 month low of $4.43 and a 12 month high of $7.16. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.02.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 14.03% and a net margin of 23.93%.The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.23 billion. Equities analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.36 EPS for the current fiscal year.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Profile

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.