World Investment Advisors LLC Acquires Shares of 90,823 Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

World Investment Advisors LLC bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 90,823 shares of the utilities provider’s stock, valued at approximately $1,502,000.

A number of other institutional investors also recently modified their holdings of SBS. Allspring Global Investments Holdings LLC acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 3rd quarter worth about $45,000. Advisors Asset Management Inc. raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% in the third quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock valued at $60,000 after buying an additional 911 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the second quarter valued at approximately $95,000. Point72 Asia Singapore Pte. Ltd. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 55.6% during the second 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 in the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 2nd quarter worth $155,000. Institutional investors own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Down 1.4 %

Shares of SBS opened at $14.75 on Friday. The firm has a 50 day simple moving average of $16.00 and a two-hundred day simple moving average of $15.88. The company has a market cap of $10.08 billion, a P/E ratio of 5.81 and a beta of 1.14. 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. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SBS. StockNews.com downgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. The Goldman Sachs Group upgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a research note 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.