Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,984 shares of the utilities provider’s stock after selling 853 shares during the period. BNP Paribas Financial Markets’ holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $71,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SBS. SBI Securities Co. Ltd. acquired a new position in shares of 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 position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter valued at $54,000. Signaturefd LLC increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 25.9% during 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 during the period. Guggenheim Capital LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter valued at $153,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter valued at $164,000. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research report on Tuesday, May 20th.

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

Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $20.26 on Tuesday. The stock has a market cap of $13.84 billion, a PE ratio of 7.97 and a beta of 0.81. The business has a fifty day simple moving average of $19.40 and a 200-day simple moving average of $17.16. 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 has a 12 month low of $13.10 and a 12 month high of $21.14.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last issued its earnings results on Monday, May 12th. The utilities provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $7.67 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%. On average, sell-side analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 EPS for the current fiscal year.

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