Perpetual Ltd Purchases 54,326 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Perpetual Ltd increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 8.4% during the fourth quarter, HoldingsChannel reports. The fund owned 703,964 shares of the utilities provider’s stock after buying an additional 54,326 shares during the quarter. Perpetual Ltd’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $10,088,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 36.4% during the second quarter. Dimensional Fund Advisors LP now owns 215,544 shares of the utilities provider’s stock valued at $2,906,000 after purchasing an additional 57,485 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 2nd quarter worth approximately $155,000. Hsbc Holdings PLC boosted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 16.9% during the 2nd quarter. Hsbc Holdings PLC now owns 128,471 shares of the utilities provider’s stock worth $1,728,000 after buying an additional 18,590 shares during the period. XTX Topco Ltd bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 2nd quarter worth approximately $275,000. Finally, Sei Investments Co. increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 61.8% in the 2nd quarter. Sei Investments Co. now owns 54,146 shares of the utilities provider’s stock valued at $728,000 after acquiring an additional 20,683 shares during the period. Institutional investors and hedge funds own 10.62% of the company’s stock.

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

Shares of SBS stock opened at $15.77 on Wednesday. The stock has a market capitalization of $10.78 billion, a PE ratio of 6.21 and a beta of 1.13. The business’s 50 day simple moving average is $15.21 and its 200 day simple moving average is $16.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a one year low of $13.10 and a one year high of $18.36.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. 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 downgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a report on Friday, December 27th.

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.