Invesco Ltd. Reduces Stock Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Invesco Ltd. decreased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 20.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,239,800 shares of the utilities provider’s stock after selling 319,015 shares during the quarter. Invesco Ltd. owned 0.18% of Companhia de Saneamento Básico do Estado de São Paulo – SABESP worth $17,766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter valued at $26,000. J.Safra Asset Management Corp acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at $54,000. R Squared Ltd purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth about $66,000. Signaturefd LLC lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 25.9% in the 4th quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider’s stock valued at $133,000 after purchasing an additional 1,917 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth about $145,000. Institutional investors and hedge funds own 10.62% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research report on Tuesday, April 1st.

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

SBS stock opened at $18.71 on Monday. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 7.37 and a beta of 0.77. The stock’s fifty day simple moving average is $17.37 and its 200-day simple moving average is $16.24. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52-week low of $13.10 and a 52-week high of $18.95. The company has a quick ratio of 1.13, 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 (NYSE:SBS) last posted its quarterly earnings results on Monday, March 24th. The utilities provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.06 by $0.43. The company had revenue of $981.20 million during the quarter, compared to analysts’ expectations of $6.89 billion. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 27.73% and a net margin of 25.62%. Equities research analysts expect that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 EPS for the current year.

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

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.