Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 20.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,239,800 shares of the utilities provider's stock after selling 319,015 shares during the period. Invesco Ltd. owned approximately 0.18% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $17,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Alliancebernstein L.P. increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 3,464.7% during the fourth quarter. Alliancebernstein L.P. now owns 887,266 shares of the utilities provider's stock worth $12,715,000 after acquiring an additional 862,376 shares during the period. Verde Servicos Internacionais S.A. increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 603.1% during the 4th quarter. Verde Servicos Internacionais S.A. now owns 667,196 shares of the utilities provider's stock worth $9,561,000 after purchasing an additional 572,308 shares during the period. Amundi increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 6.7% during the 4th quarter. Amundi now owns 6,752,801 shares of the utilities provider's stock worth $96,732,000 after purchasing an additional 426,669 shares during the period. Pictet Asset Management Holding SA raised its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 41.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 693,992 shares of the utilities provider's stock valued at $9,945,000 after purchasing an additional 202,967 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter worth $1,659,000. Hedge funds and other institutional investors own 10.62% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "hold" rating to a "buy" rating in a report on Tuesday, April 1st.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Down 0.0 %

SBS stock traded down $0.01 during trading on Friday, hitting $20.22. 239,896 shares of the company's stock traded hands, compared to its average volume of 1,055,837. The firm has a market capitalization of $13.82 billion, a P/E ratio of 7.95 and a beta of 0.77. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1 year low of $13.10 and a 1 year high of $20.33. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $17.53 and a two-hundred day simple moving average of $16.33.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last announced its quarterly earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.43. The business had revenue of $981.20 million for the quarter, compared to the consensus estimate of $6.89 billion. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a return on equity of 27.73% and a net margin of 25.62%. Sell-side analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current year.

Companhia de Saneamento Básico do Estado de São 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.