Quilter Plc Has $15.40 Million Stock Position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

Quilter Plc lowered its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 17.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 862,369 shares of the utilities provider's stock after selling 182,349 shares during the quarter. Quilter Plc owned about 0.13% of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp worth $15,402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Perpetual Ltd raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 12.3% during the first quarter. Perpetual Ltd now owns 790,709 shares of the utilities provider's stock worth $14,122,000 after acquiring an additional 86,745 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 0.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,348,460 shares of the utilities provider's stock worth $24,083,000 after purchasing an additional 6,931 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 38.3% in the 1st quarter. Blue Trust Inc. now owns 25,925 shares of the utilities provider's stock valued at $463,000 after purchasing an additional 7,184 shares during the period. QRG Capital Management Inc. raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 12.2% in the 1st quarter. QRG Capital Management Inc. now owns 14,452 shares of the utilities provider's stock valued at $258,000 after purchasing an additional 1,568 shares during the period. Finally, Handelsbanken Fonder AB bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter valued at about $803,000. Institutional investors and hedge funds own 10.62% of the company's stock.

Analysts Set New Price Targets

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 report on Tuesday, May 20th.

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

Shares of SBS opened at $20.89 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.60. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a twelve month low of $13.11 and a twelve month high of $21.39. The stock has a market capitalization of $14.28 billion, a P/E ratio of 7.79 and a beta of 0.72. The company has a 50 day moving average of $20.42 and a 200-day moving average of $17.72.

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 EPS for the quarter, missing the consensus estimate 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. As a group, equities research analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 EPS 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.

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