Deltec Asset Management LLC increased its stake in shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS) by 34.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,600 shares of the utilities provider’s stock after buying an additional 5,000 shares during the period. Deltec Asset Management LLC’s holdings in Companhia de Saneamento Bsc DEDSP were worth $207,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Nordea Investment Management AB acquired a new position in Companhia de Saneamento Bsc DEDSP during the 3rd quarter valued at about $36,511,000. Vanguard Group Inc lifted its position in Companhia de Saneamento Bsc DEDSP by 4.2% during the 3rd quarter. Vanguard Group Inc now owns 4,893,638 shares of the utilities provider’s stock valued at $28,872,000 after purchasing an additional 195,340 shares during the period. Vanguard Group Inc. lifted its position in Companhia de Saneamento Bsc DEDSP by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,893,638 shares of the utilities provider’s stock valued at $28,872,000 after purchasing an additional 195,340 shares during the period. Bank of America Corp DE lifted its position in Companhia de Saneamento Bsc DEDSP by 157.2% during the 4th quarter. Bank of America Corp DE now owns 3,099,826 shares of the utilities provider’s stock valued at $25,015,000 after purchasing an additional 1,894,574 shares during the period. Finally, Deutsche Bank AG lifted its position in Companhia de Saneamento Bsc DEDSP by 23.4% during the 4th quarter. Deutsche Bank AG now owns 2,210,550 shares of the utilities provider’s stock valued at $17,838,000 after purchasing an additional 419,682 shares during the period.

Shares of SBS opened at $10.60 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.04. Companhia de Saneamento Bsc DEDSP has a twelve month low of $5.58 and a twelve month high of $12.25.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last announced its quarterly earnings results on Friday, March 29th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.31. Companhia de Saneamento Bsc DEDSP had a return on equity of 14.81% and a net margin of 17.40%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.08 billion. As a group, equities analysts forecast that Companhia de Saneamento Bsc DEDSP will post 1.16 EPS for the current fiscal year.

The company also recently disclosed a special dividend, which will be paid on Monday, July 8th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.2999 per share. The ex-dividend date is Tuesday, April 30th. Companhia de Saneamento Bsc DEDSP’s payout ratio is 20.18%.

A number of research analysts have issued reports on the stock. ValuEngine downgraded shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Citigroup downgraded shares of Companhia de Saneamento Bsc DEDSP from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 16th. Janney Montgomery Scott downgraded shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “neutral” rating in a research report on Thursday, January 3rd. Zacks Investment Research raised Companhia de Saneamento Bsc DEDSP from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. Finally, HSBC cut Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold”.

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Companhia de Saneamento Bsc DEDSP Company Profile

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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Institutional Ownership by Quarter for Companhia de Saneamento Bsc DEDSP (NYSE:SBS)

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