US Bancorp DE Raises Stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

US Bancorp DE raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 19.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,374 shares of the utilities provider’s stock after purchasing an additional 2,455 shares during the quarter. US Bancorp DE’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $254,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 129.9% in the first quarter. Jane Street Group LLC now owns 332,201 shares of the utilities provider’s stock valued at $5,591,000 after purchasing an additional 187,706 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the first quarter valued at about $881,000. Sei Investments Co. purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 1st quarter valued at approximately $563,000. Sequoia Financial Advisors LLC increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 13.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 16,709 shares of the utilities provider’s stock worth $276,000 after purchasing an additional 1,980 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 36.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 215,544 shares of the utilities provider’s stock worth $2,906,000 after buying an additional 57,485 shares in the last quarter. 10.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 0.8 %

Shares of SBS opened at $16.38 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 1.35. The firm has a 50 day simple moving average of $16.42 and a 200-day simple moving average of $15.77. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 6.45 and a beta of 1.16. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1-year low of $12.84 and a 1-year high of $18.36.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company 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.