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

US Bancorp DE lowered its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 9.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,260 shares of the utilities provider’s stock after selling 1,490 shares during the quarter. US Bancorp DE’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.0% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,725,121 shares of the utilities provider’s stock valued at $18,390,000 after buying an additional 142,651 shares during the period. Assetmark Inc. grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 56.8% in the first quarter. Assetmark Inc. now owns 847,334 shares of the utilities provider’s stock worth $8,482,000 after purchasing an additional 306,893 shares during the period. Perpetual Ltd purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the first quarter worth about $5,107,000. Barings LLC grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 44.8% in the first quarter. Barings LLC now owns 161,760 shares of the utilities provider’s stock worth $1,616,000 after purchasing an additional 50,057 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.6% in the first quarter. Mackenzie Financial Corp now owns 5,994,469 shares of the utilities provider’s stock worth $60,005,000 after purchasing an additional 525,988 shares during the period.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 1.1 %

Shares of SBS opened at $12.04 on Thursday. The firm’s 50-day simple moving average is $11.56 and its two-hundred day simple moving average is $10.62. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a fifty-two week low of $8.00 and a fifty-two week high of $12.39. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.95 and a current ratio of 0.97.

Wall Street Analyst Weigh In

Separately, 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 report on Wednesday, August 16th.

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.