Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Purchased by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 7.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,429 shares of the utilities provider’s stock after buying an additional 1,289 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $278,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares 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 approximately $26,000. J.Safra Asset Management Corp bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth approximately $54,000. R Squared Ltd bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth approximately $66,000. Signaturefd LLC lifted its holdings in 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 worth $133,000 after buying an additional 1,917 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth approximately $145,000. Institutional investors and hedge funds own 10.62% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a report on Friday, May 9th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 0.8%

NYSE:SBS opened at $20.51 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $18.69 and its two-hundred day moving average is $16.79. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52 week low of $13.10 and a 52 week high of $20.92. The company has a market cap of $14.02 billion, a PE ratio of 8.07 and a beta of 0.81.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last released its earnings results on Monday, May 12th. The utilities provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). 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%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $7.67 billion. On average, analysts predict 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.