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

Perpetual Ltd grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 12.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 790,709 shares of the utilities provider's stock after buying an additional 86,745 shares during the quarter. Perpetual Ltd owned approximately 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.

A number of other large investors also recently modified their holdings of the business. First Affirmative Financial Network increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 3.3% in the first quarter. First Affirmative Financial Network now owns 17,932 shares of the utilities provider's stock valued at $320,000 after acquiring an additional 565 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 2.7% in the fourth quarter. Ameriprise Financial Inc. now owns 29,445 shares of the utilities provider's stock valued at $422,000 after purchasing an additional 776 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 7.9% during the 4th quarter. Quadrant Capital Group LLC now owns 12,964 shares of the utilities provider's stock worth $186,000 after purchasing an additional 950 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 0.9% during the 4th quarter. Rhumbline Advisers now owns 125,403 shares of the utilities provider's stock worth $1,797,000 after purchasing an additional 1,165 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 9.3% during the 4th quarter. Quantinno Capital Management LP now owns 14,573 shares of the utilities provider's stock worth $209,000 after purchasing an additional 1,237 shares in the last quarter. 10.62% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp stock traded up $0.14 during trading on Tuesday, hitting $22.11. 796,719 shares of the stock were exchanged, compared to its average volume of 1,106,632. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average price of $20.59 and a 200-day moving average price of $17.87. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of 8.25 and a beta of 0.73. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 1-year low of $13.63 and a 1-year high of $22.18.

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). The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate 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, equities analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Company 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.