Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS Shares Acquired by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its SABESP position by 376.3% in the second quarter, holding 383,170 shares valued at approximately $2.2 million. Several other institutional investors also expanded their positions, though institutions collectively own 10.62% of the stock.
• SABESP reported quarterly EPS of $0.07, below the $0.09 analyst consensus, while revenue of $1.16 billion also fell short of the $1.23 billion estimate. Analysts expect full-year EPS of approximately $0.36.
• Analyst sentiment remains mixed: two analysts rate the stock a Buy and one rates it Hold, resulting in a consensus “Moderate Buy” rating and a reported target price of $183.00.

B. Metzler seel. Sohn & Co. AG lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 376.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 383,170 shares of the utilities provider's stock after purchasing an additional 302,727 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp were worth $2,215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WCM Investment Management LLC boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 396.7% in the first quarter. WCM Investment Management LLC now owns 2,198,987 shares of the utilities provider's stock worth $64,716,000 after buying an additional 1,756,304 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the fourth quarter valued at $37,053,000. Bank of America Corp DE increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 54.9% in the second quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider's stock valued at $69,251,000 after buying an additional 1,116,681 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the third quarter worth about $27,444,000. Finally, Handelsbanken Fonder AB raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 502.2% in the second quarter. Handelsbanken Fonder AB now owns 1,149,745 shares of the utilities provider's stock worth $6,646,000 after acquiring an additional 958,808 shares during the period. Institutional investors and hedge funds own 10.62% of the company's stock.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Up 0.8%

NYSE SBS opened at $5.17 on Friday. The business has a fifty day moving average price of $5.34 and a 200 day moving average price of $61.29. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $18.19 billion, a P/E ratio of 14.50, a P/E/G ratio of 4.14 and a beta of 0.67. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a one year low of $4.43 and a one year high of $7.16.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last announced its earnings results on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a return on equity of 14.03% and a net margin of 23.93%.The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.23 billion. Research analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Weiss Ratings cut Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Finally, Wall Street Zen cut Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a report on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Profile

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.

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