Impax Asset Management Group plc Sells 2,677,290 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

Impax Asset Management Group plc cut its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 19.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,843,612 shares of the utilities provider's stock after selling 2,677,290 shares during the quarter. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp comprises 1.2% of Impax Asset Management Group plc's investment portfolio, making the stock its 27th biggest position. Impax Asset Management Group plc owned about 1.59% of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp worth $192,998,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SBS. Deutsche Bank AG grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 55.1% in the 4th quarter. Deutsche Bank AG now owns 6,234,236 shares of the utilities provider's stock worth $89,337,000 after buying an additional 2,213,846 shares in the last quarter. Alliancebernstein L.P. grew its position 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 worth $12,715,000 after acquiring an additional 862,376 shares in the last quarter. Northern Trust Corp raised 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 purchasing an additional 792,330 shares in the last quarter. Amundi increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 6.7% during the 4th quarter. Amundi now owns 6,752,801 shares of the utilities provider's stock valued at $96,732,000 after purchasing an additional 426,669 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 41.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 693,992 shares of the utilities provider's stock worth $9,945,000 after acquiring an additional 202,967 shares in the last quarter. 10.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded 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.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Up 1.8%

Shares of NYSE:SBS traded up $0.38 during trading on Friday, reaching $21.69. 679,014 shares of the stock traded hands, compared to its average volume of 1,106,626. The stock has a market cap of $14.82 billion, a P/E ratio of 8.09 and a beta of 0.73. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 52-week low of $13.87 and a 52-week high of $22.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a 50-day moving average of $20.68 and a two-hundred day moving average of $18.02.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last announced its earnings results on Monday, May 12th. The utilities provider reported $0.37 earnings per share (EPS) 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 return on equity of 29.18% and a net margin of 28.70%. As a group, sell-side analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 earnings per share for the current fiscal year.

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.