216,467 Shares in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Bought by Boston Common Asset Management LLC

Boston Common Asset Management LLC purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 216,467 shares of the utilities provider’s stock, valued at approximately $5,163,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Manning & Napier Advisors LLC lifted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 444.8% in the third quarter. Manning & Napier Advisors LLC now owns 3,089,290 shares of the utilities provider’s stock valued at $76,892,000 after buying an additional 2,522,231 shares in the last quarter. Bank of America Corp DE increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% during the second quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock worth $69,251,000 after acquiring an additional 1,116,681 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the third quarter worth about $27,444,000. Perpetual Ltd raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 116.6% in the 3rd quarter. Perpetual Ltd now owns 1,719,250 shares of the utilities provider’s stock worth $42,792,000 after acquiring an additional 925,684 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 296.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 445,786 shares of the utilities provider’s stock valued at $11,096,000 after acquiring an additional 333,463 shares in the last quarter. Institutional investors own 10.62% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on SBS shares. Jefferies Financial Group assumed coverage on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Thursday, March 19th. They issued a “buy” rating and a $36.60 price objective for the company. Zacks Research raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Finally, Weiss Ratings upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (a-)” rating in a report on Tuesday, March 17th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has a consensus rating of “Strong Buy” and an average price target of $36.60.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 2.2%

Shares of SBS stock opened at $29.40 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $20.69 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 5.70 and a beta of 0.78. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52-week low of $16.52 and a 52-week high of $30.63. The company has a 50-day simple moving average of $28.30 and a two-hundred day simple moving average of $25.93.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its earnings results on Saturday, February 14th. The utilities provider reported $0.71 EPS for the quarter. The firm had revenue of $1.03 billion for the quarter. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 23.64% and a return on equity of 15.76%. Research analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 EPS for the current fiscal year.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Friday, March 27th will be given a $0.4772 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a yield of 55.0%. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s payout ratio is currently 4.57%.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Profile

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.