Bank of Montreal Can Buys 40,533 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Bank of Montreal Can increased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 24.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 203,725 shares of the utilities provider’s stock after buying an additional 40,533 shares during the quarter. Bank of Montreal Can’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $3,374,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter valued at approximately $45,000. Advisors Asset Management Inc. increased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% during 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 last quarter. Summit Securities Group LLC bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 2nd quarter worth about $95,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings 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 worth $125,000 after buying an additional 3,324 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 2nd quarter worth about $155,000. 10.62% of the stock is owned by institutional investors.

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

Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $15.16 on Thursday. The company has a 50 day moving average of $16.19 and a 200-day moving average of $15.86. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1-year low of $13.10 and a 1-year high of $18.36. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a market cap of $10.36 billion, a PE ratio of 5.97 and a beta of 1.14.

Wall Street Analyst Weigh In

Several brokerages recently commented on SBS. StockNews.com downgraded 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. The Goldman Sachs Group raised shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a report on Sunday, October 6th.

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

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.