NS Partners Ltd Buys 287,896 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

NS Partners Ltd boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 376.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 364,445 shares of the utilities provider’s stock after purchasing an additional 287,896 shares during the period. NS Partners Ltd’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $2,106,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SBS. Jane Street Group LLC increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 349.0% during the 1st quarter. Jane Street Group LLC now owns 152,113 shares of the utilities provider’s stock worth $2,717,000 after purchasing an additional 118,237 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 23.5% during the 2nd quarter. Cetera Investment Advisers now owns 12,516 shares of the utilities provider’s stock worth $275,000 after purchasing an additional 2,383 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 17.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 60,488 shares of the utilities provider’s stock valued at $1,329,000 after buying an additional 9,169 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 18.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 50,001 shares of the utilities provider’s stock valued at $1,099,000 after buying an additional 7,755 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 22.6% in the 2nd quarter. Invesco Ltd. now owns 1,002,308 shares of the utilities provider’s stock valued at $22,021,000 after buying an additional 184,486 shares during the last quarter. 10.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SBS has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of 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. Zacks Research cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings lowered shares of 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. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Performance

SBS opened at $4.86 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.02. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12-month low of $4.38 and a 12-month high of $7.16. The business has a 50 day moving average of $5.38 and a 200-day moving average of $64.68. The stock has a market cap of $17.10 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 3.92 and a beta of 0.68.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its quarterly earnings results on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 23.93% and a return on equity of 14.03%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.23 billion. On average, equities research analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.36 earnings per share for the current year.

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

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.