WCM Investment Management LLC Acquires 55,925 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

WCM Investment Management LLC raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 35.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 214,494 shares of the utilities provider's stock after purchasing an additional 55,925 shares during the quarter. WCM Investment Management LLC's holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp were worth $3,857,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SBS. Deutsche Bank AG boosted its holdings in 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 acquiring an additional 2,213,846 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 3,464.7% in the fourth quarter. Alliancebernstein L.P. now owns 887,266 shares of the utilities provider's stock valued at $12,715,000 after buying an additional 862,376 shares during the period. Northern Trust Corp boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 135.5% during the fourth 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 last quarter. Amundi raised its position 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 worth $96,732,000 after acquiring an additional 426,669 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 41.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 693,992 shares of the utilities provider's stock valued at $9,945,000 after purchasing an additional 202,967 shares during the period. Institutional investors own 10.62% of the company's stock.

Wall Street Analysts Forecast Growth

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

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

SBS traded up $0.38 during trading hours on Friday, hitting $21.69. The stock had a trading volume of 679,014 shares, compared to its average volume of 1,108,589. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 1 year low of $13.87 and a 1 year high of $22.18. The company's fifty day simple moving average is $20.65 and its 200 day simple moving average is $17.94. The stock has a market cap of $14.82 billion, a PE ratio of 8.09 and a beta of 0.73. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.60.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). The business 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%. Equities analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 earnings per share for the current year.

Companhia de saneamento Basico Do Estado De Sao 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.