11,860 Shares in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,860 shares of the utilities provider’s stock, valued at approximately $196,000.

Other hedge funds also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. lifted its position in shares of 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 worth $24,923,000 after purchasing an additional 389,063 shares during the last quarter. Duff & Phelps Investment Management Co. increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.5% in 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 increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 8.1% in 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 lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 2.2% during the second quarter. Quilter Plc now owns 979,750 shares of the utilities provider’s stock worth $13,178,000 after buying an additional 20,759 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 1.1% in the second 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 Trading Up 1.4 %

Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $16.90 on Friday. The business has a 50 day moving average price of $16.40 and a two-hundred day moving average price of $15.82. The company has a quick ratio of 1.35, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12 month low of $13.10 and a 12 month high of $18.36. The stock has a market cap of $11.55 billion, a price-to-earnings ratio of 6.65 and a beta of 1.16.

Wall Street Analyst Weigh In

SBS has been the subject of several research analyst reports. 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 shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a research report on Sunday, October 6th.

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.