Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 39.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,854 shares of the utilities provider’s stock after buying an additional 7,823 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $612,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SBS. Lester Murray Antman dba SimplyRich raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 30.7% during the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 19,194 shares of the utilities provider’s stock valued at $421,000 after acquiring an additional 4,508 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.1% during the second quarter. Blue Trust Inc. now owns 26,468 shares of the utilities provider’s stock worth $582,000 after purchasing an additional 543 shares during the period. Vontobel Holding Ltd. purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 2nd quarter valued at $1,746,000. QRG Capital Management Inc. increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 68.2% in the 2nd quarter. QRG Capital Management Inc. now owns 24,305 shares of the utilities provider’s stock valued at $534,000 after buying an additional 9,853 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 7.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,963 shares of the utilities provider’s stock worth $548,000 after buying an additional 1,724 shares during the last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 0.9%

SBS stock opened at $24.00 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.69. The company’s 50-day moving average price is $23.14 and its 200 day moving average price is $21.15. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $13.87 and a 52 week high of $25.07. The company has a market cap of $16.40 billion, a P/E ratio of 8.30 and a beta of 0.86.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SBS. Zacks Research raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has an average rating of “Strong Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company 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.