Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Stake Increased by Deutsche Bank AG

Deutsche Bank AG grew its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 55.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SBS. Barclays PLC boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.7% in the third quarter. Barclays PLC now owns 651,123 shares of the utilities provider's stock valued at $10,769,000 after acquiring an additional 29,228 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 36.7% in the third quarter. Geode Capital Management LLC now owns 27,666 shares of the utilities provider's stock valued at $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 valued at $797,000 after acquiring an additional 3,782 shares in the last quarter. Ballentine Partners LLC bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter valued at approximately $145,000. Finally, Perpetual Ltd boosted its holdings 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 acquiring an additional 54,326 shares in the last quarter. Institutional investors own 10.62% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

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

Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock traded up $0.16 on Friday, hitting $20.51. The company had a trading volume of 752,460 shares, compared to its average volume of 1,100,593. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 52 week low of $13.10 and a 52 week high of $20.92. The company has a market cap of $14.02 billion, a PE ratio of 8.07 and a beta of 0.81. The business has a 50-day simple moving average of $18.69 and a 200-day simple moving average of $16.80. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a net margin of 25.62% and a return on equity of 27.73%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $7.67 billion. Research analysts expect that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current fiscal year.

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