Robeco Institutional Asset Management B.V. Increases Stock Position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS

Key Points

• Robeco Institutional Asset Management increased its stake in Companhia de Saneamento Básico do Estado de São Paulo (NYSE:SBS) by 13.0%, buying 121,161 shares to hold 1,050,226 shares worth about $25.05 million (≈0.15% of the company).
• The company declared a special dividend of $0.4772 per share (record date Mar 27, payable May 11), which the article states represents a 55.0% yield.
• Research firms have upgraded SBS to a consensus "Strong Buy", with an average price target of $36.60 following recent upgrades from Weiss, Jefferies and Zacks.

Robeco Institutional Asset Management B.V. boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,050,226 shares of the utilities provider's stock after purchasing an additional 121,161 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.15% of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp worth $25,048,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 246.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider's stock worth $51,000 after buying an additional 1,666 shares during the last quarter. CWM LLC increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 82.9% in the 3rd quarter. CWM LLC now owns 4,180 shares of the utilities provider's stock worth $104,000 after buying an additional 1,895 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 68.2% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,315 shares of the utilities provider's stock worth $132,000 after buying an additional 2,156 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the 2nd quarter worth about $133,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 32.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,505 shares of the utilities provider's stock worth $137,000 after buying an additional 1,341 shares during the last quarter. Hedge funds and other institutional investors own 10.62% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SBS. Weiss Ratings upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy (b)" rating to a "buy (a-)" rating in a report on Tuesday, March 17th. Jefferies Financial Group began coverage on shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in a report on Thursday, March 19th. They issued a "buy" rating and a $36.60 target price on the stock. Finally, Zacks Research upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 11th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy" and an average price target of $36.60.

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

Shares of NYSE:SBS opened at $33.71 on Tuesday. The company has a market capitalization of $23.72 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 6.76 and a beta of 0.75. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 12 month low of $18.09 and a 12 month high of $34.23. The firm's 50-day moving average is $29.34 and its 200 day moving average is $26.44. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.83.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last issued its quarterly earnings results on Saturday, February 14th. The utilities provider reported $0.71 EPS for the quarter. The company had revenue of $1.03 billion for the quarter. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a net margin of 23.64% and a return on equity of 15.76%. Research analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 EPS for the current year.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Dividend Announcement

The company also recently declared a special dividend, which will be paid on Monday, May 11th. Investors of record on Friday, March 27th will be issued a dividend of $0.4772 per share. This represents a yield of 55.0%. The ex-dividend date is Friday, March 27th. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp's dividend payout ratio is presently 4.57%.

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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