Quantbot Technologies LP Makes New $2.13 Million Investment in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Quantbot Technologies LP bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 85,561 shares of the utilities provider’s stock, valued at approximately $2,130,000.

Other large investors also recently made changes to their positions in the company. Manning & Napier Advisors LLC boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 444.8% during the third quarter. Manning & Napier Advisors LLC now owns 3,089,290 shares of the utilities provider’s stock worth $76,892,000 after purchasing an additional 2,522,231 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% during the 2nd quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock worth $69,251,000 after buying an additional 1,116,681 shares in the last quarter. Perpetual Ltd boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 116.6% in the 3rd quarter. Perpetual Ltd now owns 1,719,250 shares of the utilities provider’s stock worth $42,792,000 after buying an additional 925,684 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 56.9% in the 2nd quarter. American Century Companies Inc. now owns 2,008,471 shares of the utilities provider’s stock worth $44,126,000 after buying an additional 728,383 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 22.6% in the second quarter. Invesco Ltd. now owns 1,002,308 shares of the utilities provider’s stock valued at $22,021,000 after acquiring an additional 184,486 shares in the last quarter. 10.62% of the stock is owned by institutional investors.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Down 5.2%

Shares of SBS stock opened at $28.07 on Wednesday. The company has a 50 day moving average of $26.58 and a 200-day moving average of $25.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12-month low of $15.70 and a 12-month high of $30.63. The firm has a market cap of $19.75 billion, a P/E ratio of 15.54, a PEG ratio of 5.77 and a beta of 0.78.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Dividend Announcement

The company also recently announced a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, December 29th will be given a $0.4772 dividend. The ex-dividend date of this dividend is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio (DPR) is currently 40.33%.

Analyst Upgrades and Downgrades

SBS has been the topic of a number of recent analyst reports. 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, January 21st. Zacks Research raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a consensus rating of “Moderate Buy”.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.