Blue Trust Inc. Grows Stock Holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Blue Trust Inc. lifted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,468 shares of the utilities provider’s stock after acquiring an additional 543 shares during the quarter. Blue Trust Inc.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $582,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vontobel Holding Ltd. purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 2nd quarter worth $1,746,000. QRG Capital Management Inc. grew its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 68.2% during the 2nd quarter. QRG Capital Management Inc. now owns 24,305 shares of the utilities provider’s stock worth $534,000 after buying an additional 9,853 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 7.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,963 shares of the utilities provider’s stock valued at $548,000 after buying an additional 1,724 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the second quarter valued at $243,000. Finally, Ballentine Partners LLC bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter valued at about $220,000. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Price Performance

SBS opened at $22.24 on Monday. The firm has a market capitalization of $15.20 billion, a PE ratio of 7.70 and a beta of 0.86. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 1.26. The business’s 50-day moving average is $22.71 and its two-hundred day moving average is $20.90. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1 year low of $13.87 and a 1 year high of $25.07.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SBS. Weiss Ratings reiterated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday, October 8th. Zacks Research upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp currently 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.