Perpetual Ltd Purchases 86,745 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

Perpetual Ltd boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 12.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 790,709 shares of the utilities provider's stock after purchasing an additional 86,745 shares during the quarter. Perpetual Ltd owned about 0.12% of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp worth $14,122,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SBS. SBI Securities Co. Ltd. bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 4th quarter valued at $26,000. J.Safra Asset Management Corp bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 4th quarter valued at $54,000. Farther Finance Advisors LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1,451.6% during the 1st quarter. Farther Finance Advisors LLC now owns 3,817 shares of the utilities provider's stock valued at $69,000 after acquiring an additional 3,571 shares during the period. Signaturefd LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 25.9% during the 4th quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider's stock valued at $133,000 after acquiring an additional 1,917 shares during the period. Finally, Anchor Pointe Wealth Management LLC bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 4th quarter valued at $144,000. 10.62% of the stock is currently owned by institutional investors.

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

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp stock opened at $21.00 on Friday. 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 52 week low of $13.11 and a 52 week high of $21.39. The stock has a market capitalization of $14.35 billion, a P/E ratio of 7.84 and a beta of 0.72. The stock has a fifty day moving average of $20.47 and a 200-day moving average of $17.76.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The utilities provider reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). 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%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $7.67 billion. On average, 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.

Wall Street Analysts Forecast Growth

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 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.

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