Schwartz Investment Counsel Inc. Raises Stock Holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS

Key Points

• Schwartz Investment Counsel Inc. increased its stake in Companhia de Saneamento Basico Do Estado De Sao Paulo - Sabesp by 28.4%, owning 104,000 shares worth approximately $2.29 million as of the end of the second quarter.
• Other hedge funds have also significantly increased their positions in Sabesp, with Farther Finance Advisors LLC raising its holdings by 1,451.6% in the first quarter.
• Equities analysts upgraded Sabesp's rating from "hold" to a "strong-buy", indicating positive expectations for the stock's performance.

Schwartz Investment Counsel Inc. boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 28.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 104,000 shares of the utilities provider's stock after purchasing an additional 23,000 shares during the quarter. Schwartz Investment Counsel Inc.'s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp were worth $2,285,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1,451.6% in the first 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 in the last quarter. QRG Capital Management Inc. lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 12.2% in the first quarter. QRG Capital Management Inc. now owns 14,452 shares of the utilities provider's stock valued at $258,000 after acquiring an additional 1,568 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 0.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,348,460 shares of the utilities provider's stock valued at $24,083,000 after acquiring an additional 6,931 shares in the last quarter. Perpetual Ltd lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 12.3% in the first quarter. Perpetual Ltd now owns 790,709 shares of the utilities provider's stock valued at $14,122,000 after acquiring an additional 86,745 shares in the last quarter. Finally, KBC Group NV purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter valued at approximately $521,000. Hedge funds and other institutional investors own 10.62% of the company's stock.

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

NYSE:SBS opened at $24.28 on Tuesday. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a one year low of $13.87 and a one year high of $25.07. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $16.60 billion, a PE ratio of 8.40 and a beta of 0.86. The stock has a 50 day moving average price of $23.11 and a 200 day moving average price of $21.13.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Zacks Research upgraded Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. Weiss Ratings restated a "buy (b)" rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Strong Buy".

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.

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