WCM Investment Management LLC Makes New Investment in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

WCM Investment Management LLC acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 109,627 shares of the utilities provider’s stock, valued at approximately $1,815,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 34.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,506,844 shares of the utilities provider’s stock valued at $24,923,000 after purchasing an additional 389,063 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.5% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,465,000 shares of the utilities provider’s stock worth $19,704,000 after buying an additional 90,000 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 8.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,453,995 shares of the utilities provider’s stock worth $19,556,000 after buying an additional 108,500 shares during the period. Quilter Plc grew its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 2.2% in the 2nd quarter. Quilter Plc now owns 979,750 shares of the utilities provider’s stock valued at $13,178,000 after buying an additional 20,759 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised 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 acquiring an additional 4,629 shares during the period. 10.62% of the stock is currently owned by institutional investors.

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

NYSE:SBS opened at $15.96 on Tuesday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52 week low of $12.45 and a 52 week high of $18.36. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.35 and a current ratio of 1.36. The firm’s 50-day simple moving average is $16.44 and its 200 day simple moving average is $15.76. The firm has a market cap of $10.91 billion, a price-to-earnings ratio of 13.53 and a beta of 1.16.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SBS shares. StockNews.com downgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. The Goldman Sachs Group upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a research note on Sunday, October 6th.

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

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.