Integrated Quantitative Investments LLC Acquires Shares of 51,000 Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Integrated Quantitative Investments LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,000 shares of the utilities provider’s stock, valued at approximately $731,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Amundi boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.7% in 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 in the last quarter. Duff & Phelps Investment Management Co. lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 7.7% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,578,147 shares of the utilities provider’s stock worth $26,103,000 after buying an additional 113,147 shares in the last quarter. Quilter Plc grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.3% during the fourth 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 last quarter. 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 valued at $12,715,000 after acquiring an additional 862,376 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.2% in the 4th quarter. Assetmark Inc. now owns 718,159 shares of the utilities provider’s stock worth $10,291,000 after acquiring an additional 28,728 shares during the last quarter. 10.62% of the stock is currently owned by institutional investors.

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 research note on Tuesday.

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

SBS opened at $17.68 on Friday. The company’s 50-day simple moving average is $17.04 and its two-hundred day simple moving average is $16.17. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The stock has a market capitalization of $12.08 billion, a P/E ratio of 6.96 and a beta of 1.15. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52-week low of $13.10 and a 52-week high of $18.95.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last announced its earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.43. The business had revenue of $981.20 million during the quarter, compared to analyst estimates 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, analysts predict 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 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.