Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 41.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 693,992 shares of the utilities provider’s stock after buying an additional 202,967 shares during the period. Pictet Asset Management Holding SA’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $9,945,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter valued at $26,000. J.Safra Asset Management Corp bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at about $54,000. R Squared Ltd acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth about $66,000. Signaturefd LLC grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 25.9% in the 4th quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider’s stock valued at $133,000 after buying an additional 1,917 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter valued at about $145,000. 10.62% of the stock is owned by institutional investors.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Down 0.6 %

Shares of SBS stock opened at $17.90 on Thursday. 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 debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The business’s fifty day moving average is $16.94 and its 200-day moving average is $16.15. The stock has a market cap of $12.23 billion, a PE ratio of 7.05 and a beta of 1.15.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last issued its quarterly earnings results on Monday, March 24th. The utilities provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.06 by $0.43. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a net margin of 25.62% and a return on equity of 27.73%. The firm had revenue of $981.20 million for the quarter, compared to analysts’ expectations of $6.89 billion. Equities analysts expect that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research note on Tuesday.

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

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.