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

Blue Trust Inc. grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 82.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter valued at $45,000. Advisors Asset Management Inc. lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 911 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 55.6% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,305 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 3,324 shares in 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 valued at about $166,000. Finally, Ballentine Partners LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth about $145,000. 10.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on SBS shares. The Goldman Sachs Group raised 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 lowered Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research 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’s fifty day moving average price is $15.09 and its 200-day moving average price is $16.02. The stock has a market cap of $11.10 billion, a PE ratio of 6.39 and a beta of 1.13. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12 month low of $13.10 and a 12 month high of $18.36.

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.