216,467 Shares in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Purchased by Boston Common Asset Management LLC

Boston Common Asset Management LLC purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 216,467 shares of the utilities provider’s stock, valued at approximately $5,163,000.

Other large investors have also added to or reduced their stakes in the company. Manning & Napier Advisors LLC raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 444.8% in the third quarter. Manning & Napier Advisors LLC now owns 3,089,290 shares of the utilities provider’s stock worth $76,892,000 after acquiring an additional 2,522,231 shares during the period. Bank of America Corp DE grew its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% during the 2nd quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock valued at $69,251,000 after acquiring an additional 1,116,681 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 3rd quarter worth approximately $27,444,000. Perpetual Ltd increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 116.6% during the 3rd quarter. Perpetual Ltd now owns 1,719,250 shares of the utilities provider’s stock worth $42,792,000 after purchasing an additional 925,684 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 296.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 445,786 shares of the utilities provider’s stock worth $11,096,000 after purchasing an additional 333,463 shares during the period. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on SBS shares. Weiss Ratings upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Tuesday, March 17th. Jefferies Financial Group started coverage on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Thursday, March 19th. They issued a “buy” rating and a $36.60 target price on the stock. Finally, Zacks Research raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy” and an average price target of $36.60.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 2.2%

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $29.40 on Tuesday. The firm has a 50 day simple moving average of $28.30 and a 200 day simple moving average of $25.93. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.83. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1-year low of $16.52 and a 1-year high of $30.63. The firm has a market capitalization of $20.69 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 5.70 and a beta of 0.78.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its earnings results on Saturday, February 14th. The utilities provider reported $0.71 earnings per share (EPS) for the quarter. The firm had revenue of $1.03 billion for the quarter. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 15.76% and a net margin of 23.64%. On average, analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current year.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Dividend Announcement

The business also recently announced a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Friday, March 27th will be paid a $0.4772 dividend. The ex-dividend date is Friday, March 27th. This represents a yield of 55.0%. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio (DPR) is currently 4.57%.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Profile

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.