44,945 Shares in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 44,945 shares of the utilities provider's stock, valued at approximately $803,000.

A number of other institutional investors also recently added to or reduced their stakes in SBS. Amundi increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 6.7% in the 4th quarter. Amundi now owns 6,752,801 shares of the utilities provider's stock valued at $96,732,000 after acquiring an additional 426,669 shares during the period. Deutsche Bank AG raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 55.1% in the fourth quarter. Deutsche Bank AG now owns 6,234,236 shares of the utilities provider's stock valued at $89,337,000 after buying an additional 2,213,846 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 2.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,730,495 shares of the utilities provider's stock worth $24,798,000 after buying an additional 33,200 shares during the period. First Trust Advisors LP grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1.9% during the fourth quarter. First Trust Advisors LP now owns 1,401,173 shares of the utilities provider's stock worth $20,079,000 after buying an additional 26,125 shares during the last quarter. Finally, Northern Trust Corp increased its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 135.5% in the 4th quarter. Northern Trust Corp now owns 1,377,086 shares of the utilities provider's stock valued at $19,734,000 after acquiring an additional 792,330 shares during the period. Hedge funds and other institutional investors own 10.62% of the company's stock.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Performance

SBS traded down $0.03 during trading on Thursday, hitting $21.10. The stock had a trading volume of 870,931 shares, compared to its average volume of 1,113,852. The firm has a market capitalization of $14.42 billion, a P/E ratio of 7.87 and a beta of 0.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.89 and a current ratio of 0.89. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a twelve month low of $13.10 and a twelve month high of $21.39. The company's 50-day moving average price is $20.13 and its 200 day moving average price is $17.48.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last issued its earnings results on Monday, May 12th. The utilities provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $7.67 billion. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a net margin of 28.70% and a return on equity of 29.18%. On average, equities research analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th.

About Companhia de saneamento Basico Do Estado De Sao 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.