Sequoia Financial Advisors LLC Purchases 1,980 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Sequoia Financial Advisors LLC raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 13.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 16,709 shares of the utilities provider’s stock after acquiring an additional 1,980 shares during the period. Sequoia Financial Advisors LLC’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $276,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 3rd quarter valued at approximately $45,000. Summit Securities Group LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 2nd quarter valued at approximately $95,000. Point72 Asia Singapore Pte. Ltd. boosted its position in 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 acquiring an additional 3,324 shares in the last quarter. First Affirmative Financial Network boosted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 10.6% during the 2nd quarter. First Affirmative Financial Network now owns 11,165 shares of the utilities provider’s stock valued at $150,000 after acquiring an additional 1,069 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the second quarter valued at approximately $155,000. 10.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on SBS. The Goldman Sachs Group upgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a report on Sunday, October 6th. StockNews.com lowered shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a report on Thursday, September 12th.

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

SBS stock opened at $16.06 on Tuesday. The firm has a 50 day moving average price of $16.76 and a 200-day moving average price of $15.75. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52-week low of $11.46 and a 52-week high of $18.36. The firm has a market capitalization of $10.98 billion, a price-to-earnings ratio of 13.61 and a beta of 1.16. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.35 and a current ratio of 1.36.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last announced its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a net margin of 15.00% and a return on equity of 13.34%. The company had revenue of $1.30 billion during the quarter. Equities research analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.13 EPS for the current fiscal year.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company Profile

Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State.