Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 929,065 shares of the utilities provider’s stock after buying an additional 23,281 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.14% of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp worth $23,124,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% during the second quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock worth $69,251,000 after purchasing an additional 1,116,681 shares during the period. American Century Companies Inc. lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 56.9% during the 2nd quarter. American Century Companies Inc. now owns 2,008,471 shares of the utilities provider’s stock worth $44,126,000 after buying an additional 728,383 shares in the last quarter. Perpetual Ltd boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 116.6% in the 3rd quarter. Perpetual Ltd now owns 1,719,250 shares of the utilities provider’s stock valued at $42,792,000 after buying an additional 925,684 shares during the period. Strs Ohio acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the first quarter worth $29,142,000. Finally, First Trust Advisors LP grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.8% in the second quarter. First Trust Advisors LP now owns 1,399,273 shares of the utilities provider’s stock worth $30,742,000 after acquiring an additional 11,646 shares in the last quarter. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on SBS shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Wednesday, October 8th. Zacks Research lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong sell” rating in a research report on Friday, January 2nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has an average rating of “Hold”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 2.0%

Shares of NYSE:SBS opened at $24.48 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. The firm has a market cap of $16.88 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 3.68 and a beta of 0.81. The stock’s 50-day moving average price is $25.28 and its two-hundred day moving average price is $23.24. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12-month low of $14.25 and a 12-month high of $27.25.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 22.32% and a return on equity of 16.08%. The business had revenue of $4.69 billion for the quarter, compared to analyst estimates of $1.07 billion. On average, research analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 EPS for the current year.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, December 29th will be issued a dividend of $0.4772 per share. The ex-dividend date is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio is presently 40.33%.

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

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.