Deutsche Bank AG Acquires 2,213,846 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Deutsche Bank AG grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 55.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,234,236 shares of the utilities provider's stock after purchasing an additional 2,213,846 shares during the period. Deutsche Bank AG owned approximately 0.91% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $89,337,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Barclays PLC boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.7% in the 3rd quarter. Barclays PLC now owns 651,123 shares of the utilities provider's stock worth $10,769,000 after buying an additional 29,228 shares during the period. Geode Capital Management LLC lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 36.7% during the third quarter. Geode Capital Management LLC now owns 27,666 shares of the utilities provider's stock worth $458,000 after acquiring an additional 7,421 shares in the last quarter. Trium Capital LLP boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.3% in the fourth quarter. Trium Capital LLP now owns 55,608 shares of the utilities provider's stock worth $797,000 after acquiring an additional 3,782 shares during the period. Ballentine Partners LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter valued at $145,000. Finally, Perpetual Ltd grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 8.4% in the fourth quarter. Perpetual Ltd now owns 703,964 shares of the utilities provider's stock valued at $10,088,000 after purchasing an additional 54,326 shares in the last quarter. Institutional investors own 10.62% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a research note on Friday.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Price Performance

Shares of NYSE:SBS opened at $20.59 on Monday. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 12 month low of $13.10 and a 12 month high of $21.13. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a market cap of $14.07 billion, a P/E ratio of 8.11 and a beta of 0.81. The company has a 50 day moving average of $18.30 and a 200 day moving average of $16.65.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last issued its quarterly earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.43. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a return on equity of 27.73% and a net margin of 25.62%. The firm had revenue of $981.20 million during the quarter, compared to the consensus estimate of $6.89 billion. As a group, sell-side analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current fiscal year.

About Companhia de Saneamento Básico do Estado de São Paulo - SABESP

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.

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