Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Shares Purchased by Northern Trust Corp

Northern Trust Corp raised its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 135.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,377,086 shares of the utilities provider's stock after buying an additional 792,330 shares during the period. Northern Trust Corp owned about 0.20% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $19,734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SBS. Alliancebernstein L.P. increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 3,464.7% in the fourth quarter. Alliancebernstein L.P. now owns 887,266 shares of the utilities provider's stock valued at $12,715,000 after buying an additional 862,376 shares in the last quarter. Verde Servicos Internacionais S.A. increased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 603.1% during the fourth 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 in the last quarter. Amundi increased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 6.7% during the fourth 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 in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 41.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 693,992 shares of the utilities provider's stock worth $9,945,000 after purchasing an additional 202,967 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 85.9% during the fourth quarter. Hsbc Holdings PLC now owns 311,570 shares of the utilities provider's stock worth $4,469,000 after purchasing an additional 144,004 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 cut shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Price Performance

Shares of SBS stock traded up $0.12 on Monday, reaching $20.64. 666,584 shares of the company were exchanged, compared to its average volume of 1,098,857. The company has a market cap of $14.11 billion, a price-to-earnings ratio of 8.13 and a beta of 0.81. The business has a 50-day moving average price of $18.77 and a 200 day moving average price of $16.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1 year low of $13.10 and a 1 year high of $20.92.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $7.67 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%. Equities research analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current fiscal year.

About Companhia de Saneamento Básico do Estado de São 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.