Blue Trust Inc. Increases Stock Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Blue Trust Inc. grew its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 82.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,008 shares of the utilities provider’s stock after buying an additional 17,662 shares during the period. Blue Trust Inc.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $559,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter worth about $45,000. Advisors Asset Management Inc. boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% in the third quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock worth $60,000 after buying an additional 911 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 55.6% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,305 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 3,324 shares during the last quarter. Inspire Advisors LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter worth approximately $166,000. Finally, Ballentine Partners LLC bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter worth approximately $145,000. Institutional investors own 10.62% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on SBS shares. The Goldman Sachs Group upgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a research report on Sunday, October 6th. 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, December 27th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Performance

Shares of SBS stock opened at $16.24 on Friday. The company has a market capitalization of $11.10 billion, a P/E ratio of 6.39 and a beta of 1.13. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a fifty-two week low of $13.10 and a fifty-two week high of $18.36. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The stock has a 50 day moving average price of $15.09 and a two-hundred day moving average price of $16.02.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP 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.