Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) Stake Raised by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 87.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,254 shares of the utilities provider’s stock after buying an additional 35,598 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $794,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SBS. World Asset Management Inc raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.2% in the first quarter. World Asset Management Inc now owns 42,516 shares of the utilities provider’s stock valued at $443,000 after buying an additional 499 shares during the period. Comerica Bank increased its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.4% in the first quarter. Comerica Bank now owns 41,064 shares of the utilities provider’s stock worth $377,000 after buying an additional 565 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,916 shares of the utilities provider’s stock worth $395,000 after buying an additional 598 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 6.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,676 shares of the utilities provider’s stock worth $111,000 after buying an additional 600 shares during the last quarter. Finally, Nwam LLC boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.6% in the first quarter. Nwam LLC now owns 55,935 shares of the utilities provider’s stock worth $582,000 after buying an additional 900 shares during the last quarter. 14.88% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) traded up 4.02% during trading on Friday, hitting $9.58. 4,808,222 shares of the stock traded hands. The company has a 50-day moving average price of $9.24 and a 200-day moving average price of $9.62. The stock has a market cap of $6.55 billion, a PE ratio of 7.13 and a beta of 1.79. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12 month low of $7.76 and a 12 month high of $11.22.

The firm also recently declared a dividend, which will be paid on Tuesday, June 27th. Investors of record on Monday, April 10th will be given a $0.3843 dividend. The ex-dividend date of this dividend is Thursday, April 6th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio is presently 23.48%.

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Several research firms have weighed in on SBS. Standpoint Research cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a report on Monday, March 6th. Citigroup Inc. lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “sell” rating in a research report on Thursday, April 20th. Finally, Zacks Investment Research upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has an average rating of “Hold” and an average price target of $12.00.

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

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a water and sewage service provider. The Company provides water and sewage services to a range of residential, commercial, industrial and governmental customers in over 360 municipalities in the state of Sao Paulo, including the city of Sao Paulo.

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