Quilter Plc Has $13.18 Million Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Quilter Plc lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 2.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 979,750 shares of the utilities provider’s stock after buying an additional 20,759 shares during the quarter. Quilter Plc’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $13,178,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Trium Capital LLP raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 24.8% in the second quarter. Trium Capital LLP now owns 67,830 shares of the utilities provider’s stock valued at $912,000 after buying an additional 13,490 shares in the last quarter. Custom Index Systems LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the second quarter worth about $280,000. Acadian Asset Management LLC lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.2% during the second quarter. Acadian Asset Management LLC now owns 29,706 shares of the utilities provider’s stock worth $399,000 after purchasing an additional 1,728 shares during the period. Rhumbline Advisers grew its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 7.0% during the second quarter. Rhumbline Advisers now owns 95,903 shares of the utilities provider’s stock worth $1,290,000 after buying an additional 6,233 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 1.1% in the 2nd quarter. Maryland State Retirement & Pension System now owns 415,460 shares of the utilities provider’s stock valued at $5,588,000 after buying an additional 4,629 shares during the period. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Up 1.7 %

NYSE SBS opened at $17.06 on Monday. The business has a fifty day moving average price of $16.50 and a two-hundred day moving average price of $15.67. The stock has a market capitalization of $11.66 billion, a PE ratio of 16.09 and a beta of 1.16. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a fifty-two week low of $11.29 and a fifty-two week high of $18.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 1.21.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. The business had revenue of $1.30 billion during the quarter. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 13.34% and a net margin of 15.00%. Equities analysts expect that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a report on Thursday.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Profile

Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State.