Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Stake Increased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 41.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 693,992 shares of the utilities provider’s stock after acquiring an additional 202,967 shares during the period. Pictet Asset Management Holding SA owned 0.10% of Companhia de Saneamento Básico do Estado de São Paulo – SABESP worth $9,945,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Amundi raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.7% in the 4th quarter. Amundi now owns 6,752,801 shares of the utilities provider’s stock valued at $96,732,000 after purchasing an additional 426,669 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 7.7% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,578,147 shares of the utilities provider’s stock worth $26,103,000 after buying an additional 113,147 shares during the last quarter. Quilter Plc grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.3% in the 4th quarter. Quilter Plc now owns 1,044,718 shares of the utilities provider’s stock worth $14,971,000 after acquiring an additional 43,436 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.2% in the 4th quarter. Assetmark Inc. now owns 718,159 shares of the utilities provider’s stock valued at $10,291,000 after acquiring an additional 28,728 shares during the last quarter. Finally, Perpetual Ltd raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 8.4% during the 4th quarter. Perpetual Ltd now owns 703,964 shares of the utilities provider’s stock valued at $10,088,000 after acquiring an additional 54,326 shares in the last quarter. 10.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research note on Tuesday.

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

SBS opened at $17.90 on Thursday. 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 company’s 50-day moving average price is $16.94 and its 200 day moving average price is $16.15. 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 firm has a market cap of $12.23 billion, a price-to-earnings ratio of 7.05 and a beta of 1.15.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last announced its quarterly earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.43. 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 business had revenue of $981.20 million for the quarter, compared to analysts’ expectations of $6.89 billion. As a group, sell-side analysts expect that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 earnings per share for the current year.

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.