Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Shares Purchased by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 33.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 356,765 shares of the utilities provider's stock after acquiring an additional 89,458 shares during the period. Itau Unibanco Holding S.A. owned 0.05% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $5,115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SBS. Quilter Plc boosted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.3% in the 4th quarter. Quilter Plc now owns 1,044,718 shares of the utilities provider's stock valued at $14,971,000 after buying an additional 43,436 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter valued at approximately $26,000. Perpetual Ltd grew its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 8.4% in the fourth quarter. Perpetual Ltd now owns 703,964 shares of the utilities provider's stock worth $10,088,000 after purchasing an additional 54,326 shares in the last quarter. Blue Trust Inc. increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 82.7% during the 4th quarter. Blue Trust Inc. now owns 39,008 shares of the utilities provider's stock worth $559,000 after purchasing an additional 17,662 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 10.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,137 shares of the utilities provider's stock valued at $333,000 after purchasing an additional 2,164 shares in the last quarter. Hedge funds and other institutional investors own 10.62% of the company's stock.

Wall Street Analysts Forecast Growth

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 0.6 %

Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock traded down $0.12 during trading on Friday, reaching $19.90. The company's stock had a trading volume of 1,745,948 shares, compared to its average volume of 1,077,881. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1-year low of $13.10 and a 1-year high of $20.62. The company has a 50-day simple moving average of $17.90 and a two-hundred day simple moving average of $16.50. 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 company has a market cap of $13.60 billion, a price-to-earnings ratio of 7.83 and a beta of 0.77.

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

Companhia de Saneamento Básico do Estado de São 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.