Headlands Technologies LLC Takes $54,000 Position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS)

Headlands Technologies LLC acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) during the first quarter, Holdings Channel reports. The fund acquired 2,996 shares of the utilities provider’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Deutsche Bank AG grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 55.1% in the fourth quarter. Deutsche Bank AG now owns 6,234,236 shares of the utilities provider’s stock worth $89,337,000 after purchasing an additional 2,213,846 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.9% in the fourth quarter. First Trust Advisors LP now owns 1,401,173 shares of the utilities provider’s stock worth $20,079,000 after purchasing an additional 26,125 shares during the last quarter. Northern Trust Corp grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 135.5% in the fourth quarter. Northern Trust Corp now owns 1,377,086 shares of the utilities provider’s stock worth $19,734,000 after purchasing an additional 792,330 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,348,460 shares of the utilities provider’s stock worth $24,083,000 after purchasing an additional 6,931 shares during the last quarter. Finally, Perpetual Ltd grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 12.3% in the first quarter. Perpetual Ltd now owns 790,709 shares of the utilities provider’s stock worth $14,122,000 after purchasing an additional 86,745 shares during the last quarter. 10.62% of the stock is owned by institutional investors.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 12.0%

NYSE SBS opened at $22.74 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $15.54 billion, a PE ratio of 8.49 and a beta of 0.70. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1 year low of $13.87 and a 1 year high of $22.88. The business’s 50-day moving average is $20.48 and its 200 day moving average is $19.03.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $7.67 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 28.70% and a return on equity of 29.18%. Sell-side analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, 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 note on Tuesday, May 20th.

Companhia de saneamento Basico Do Estado De Sao 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.