Duff & Phelps Investment Management Co. Has $29.91 Million Position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Duff & Phelps Investment Management Co. trimmed its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 1.0% during the second quarter, Holdings Channel reports. The firm owned 1,361,191 shares of the utilities provider’s stock after selling 13,185 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $29,905,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 42.7% in the second quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 552 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 166.0% during the 1st quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 1,394 shares during the period. Banque Cantonale Vaudoise bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth $44,000. Parallel Advisors LLC boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 88.2% during the second quarter. Parallel Advisors LLC now owns 2,885 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 1,352 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the first quarter worth $54,000. Institutional investors and hedge funds own 10.62% of the company’s stock.

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 research report on Tuesday, September 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 1.1%

NYSE:SBS opened at $26.86 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 1.26. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $13.87 and a one year high of $27.12. The company has a market cap of $18.36 billion, a PE ratio of 9.29 and a beta of 0.82. The firm has a 50-day moving average of $24.31 and a 200-day moving average of $22.02.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its quarterly earnings results on Monday, November 10th. The utilities provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.27. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 29.64% and a return on equity of 29.34%. As a group, equities research analysts expect 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 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.