NS Partners Ltd Has $2.11 Million Stock Holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS

Key Points

• NS Partners Ltd increased its SABESP (NYSE: SBS) holdings by 376.1% in the second quarter, owning 364,445 shares valued at approximately $2.11 million.
• Several other institutional investors also expanded or initiated positions, including Handelsbanken Fonder, BTG Pactual Asset Management, Greenleaf Trust, Paladin Wealth and Hennion & Walsh; institutions collectively own 10.62% of SBS.
• SABESP reported quarterly EPS of $0.07, below the $0.09 consensus estimate, while revenue of $1.16 billion missed expectations of $1.23 billion. Analysts maintain a “Moderate Buy” consensus, although some firms recently downgraded the stock to “Hold.”

NS Partners Ltd increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 376.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 364,445 shares of the utilities provider's stock after purchasing an additional 287,896 shares during the quarter. NS Partners Ltd's holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp were worth $2,106,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SBS. BTG Pactual Asset Management US LLC increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 419.6% during the second quarter. BTG Pactual Asset Management US LLC now owns 827,173 shares of the utilities provider's stock worth $4,781,000 after acquiring an additional 667,972 shares in the last quarter. Greenleaf Trust bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the 2nd quarter valued at $186,000. Handelsbanken Fonder AB lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 502.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 1,149,745 shares of the utilities provider's stock valued at $6,646,000 after acquiring an additional 958,808 shares in the last quarter. Paladin Wealth LLC bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the 2nd quarter valued at $133,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the 2nd quarter worth $190,000. Institutional investors own 10.62% of the company's stock.

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

Shares of SBS opened at $4.86 on Tuesday. The stock has a market capitalization of $17.10 billion, a P/E ratio of 13.63, a P/E/G ratio of 3.92 and a beta of 0.68. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a twelve month low of $4.38 and a twelve month high of $7.16. The company has a 50 day moving average of $5.38 and a 200-day moving average of $64.68. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.02.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a net margin of 23.93% and a return on equity of 14.03%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.23 billion. As a group, equities research analysts forecast 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

A number of equities analysts have issued reports on the company. 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. Wall Street Zen lowered 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. Finally, Zacks Research cut Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp currently 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 Company 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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