Orion Portfolio Solutions LLC Grows Stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Orion Portfolio Solutions LLC increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 38.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,152 shares of the utilities provider’s stock after purchasing an additional 19,395 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $1,160,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 3.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,973 shares of the utilities provider’s stock worth $347,000 after purchasing an additional 770 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% during 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 during the last quarter. Bleakley Financial Group LLC boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.9% during the third quarter. Bleakley Financial Group LLC now owns 20,537 shares of the utilities provider’s stock valued at $340,000 after buying an additional 956 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.7% during the third quarter. QRG Capital Management Inc. now owns 13,318 shares of the utilities provider’s stock valued at $220,000 after buying an additional 1,175 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.2% during the second quarter. Acadian Asset Management LLC now owns 29,706 shares of the utilities provider’s stock valued at $399,000 after buying an additional 1,728 shares during the last quarter. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Analyst Upgrades and Downgrades

SBS has been the subject of a number of research reports. StockNews.com lowered Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th. The Goldman Sachs Group raised Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a research note on Sunday, October 6th.

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

NYSE:SBS opened at $14.75 on Friday. The firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of 5.81 and a beta of 1.14. 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 business has a 50 day simple moving average of $16.00 and a 200-day simple moving average of $15.88. 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 Profile

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.