Pictet Asset Management Holding SA Sells 425,861 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Pictet Asset Management Holding SA decreased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 10.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,528,814 shares of the utilities provider’s stock after selling 425,861 shares during the period. Pictet Asset Management Holding SA owned 0.10% of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp worth $18,731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WCM Investment Management LLC lifted 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 valued at $64,716,000 after buying an additional 1,756,304 shares in the last quarter. Kapitalo Investimentos Ltda lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1,506.4% during the third quarter. Kapitalo Investimentos Ltda now owns 1,552,893 shares of the utilities provider’s stock worth $8,246,000 after acquiring an additional 1,456,225 shares in the last quarter. Gradient Investments LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 18.0% during the third quarter. Gradient Investments LLC now owns 1,161,854 shares of the utilities provider’s stock worth $6,169,000 after acquiring an additional 176,827 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 502.2% in the second quarter. Handelsbanken Fonder AB now owns 1,149,745 shares of the utilities provider’s stock worth $6,646,000 after acquiring an additional 958,808 shares during the period. Finally, Assetmark Inc. grew its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 10.8% in the first quarter. Assetmark Inc. now owns 1,091,869 shares of the utilities provider’s stock valued at $33,313,000 after purchasing an additional 106,469 shares in the last quarter. Institutional investors own 10.62% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 2.8%

Shares of NYSE:SBS opened at $4.97 on Thursday. The firm has a fifty day moving average price of $5.45 and a two-hundred day moving average price of $53.98. The company has a market cap of $17.51 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 3.82 and a beta of 0.79. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.22 and a quick ratio of 1.47. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $4.34 and a one year high of $7.16.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its quarterly earnings results on Thursday, November 5th. The utilities provider reported $0.06 earnings per share for the quarter, hitting the consensus estimate 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 analysts’ expectations of $1.19 billion. 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 Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Monday, January 11th. Investors 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 payout ratio is presently 29.03%.

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

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.