Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Stock Purchased by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 7.0% in the third quarter, Holdings Channel.com reports. The firm owned 12,966,428 shares of the utilities provider’s stock after acquiring an additional 852,055 shares during the quarter. Letko Brosseau & Associates Inc.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $68,852,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in SBS. Maryland State Retirement & Pension System boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.4% in the 3rd quarter. Maryland State Retirement & Pension System now owns 2,893,140 shares of the utilities provider’s stock valued at $15,363,000 after purchasing an additional 12,343 shares in the last quarter. WCM Investment Management LLC raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 396.7% during the 1st quarter. WCM Investment Management LLC now owns 2,198,987 shares of the utilities provider’s stock worth $64,716,000 after buying an additional 1,756,304 shares in the last quarter. Kapitalo Investimentos Ltda raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1,506.4% during the 3rd quarter. Kapitalo Investimentos Ltda now owns 1,552,893 shares of the utilities provider’s stock worth $8,246,000 after buying an additional 1,456,225 shares in the last quarter. Gradient Investments LLC raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 18.0% during the 3rd quarter. Gradient Investments LLC now owns 1,161,854 shares of the utilities provider’s stock worth $6,169,000 after buying an additional 176,827 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 502.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 1,149,745 shares of the utilities provider’s stock valued at $6,646,000 after buying an additional 958,808 shares during the period. Institutional investors and hedge funds own 10.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SBS shares. Weiss Ratings downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Wall Street Zen lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a report on Monday, August 17th. Finally, Zacks Research lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 2.5%

Shares of NYSE SBS opened at $4.86 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.22 and a debt-to-equity ratio of 0.93. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $4.34 and a 52 week high of $7.16. The firm has a 50-day moving average price of $5.45 and a 200 day moving average price of $53.35. The stock has a market capitalization of $17.08 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 3.94 and a beta of 0.79.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its quarterly earnings data on Thursday, November 5th. The utilities provider reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 21.11% and a return on equity of 13.23%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.19 billion. Equities research analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.37 EPS for the current fiscal year.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Announces Dividend

The business also recently declared a special dividend, which will be paid on Monday, January 11th. Stockholders of record on Monday, November 16th will be given a dividend of $0.1371 per share. The ex-dividend date is Monday, November 16th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio (DPR) is presently 16.13%.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Profile

Companhia de Saneamento Básico do Estado de São Paulo, known as Sabesp, is a Brazilian water and sanitation company established in 1973. It provides essential water and wastewater services to communities across the state of São Paulo. The company treats and distributes water and collects and treats sewage. Its customers include residential, commercial and industrial users, as well as municipalities that rely on its water and sanitation infrastructure. Sabesp serves the city of São Paulo and other municipalities throughout the state.