Canada Pension Plan Investment Board Buys New Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Posted by Defense World Staff on Feb 27th, 2023

Canada Pension Plan Investment Board bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 288,900 shares of the utilities provider’s stock, valued at approximately $2,632,000.

Several other hedge funds also recently modified their holdings of SBS. Raymond James & Associates lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.3% during the first quarter. Raymond James & Associates now owns 119,987 shares of the utilities provider’s stock worth $1,179,000 after acquiring an additional 4,920 shares during the period. American Century Companies Inc. raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 21.8% in the first quarter. American Century Companies Inc. now owns 151,347 shares of the utilities provider’s stock valued at $1,488,000 after buying an additional 27,118 shares during the period. Citigroup Inc. raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 32,850.0% in the first quarter. Citigroup Inc. now owns 65,900 shares of the utilities provider’s stock valued at $647,000 after buying an additional 65,700 shares during the period. Bank of Montreal Can raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 3.0% during the 1st quarter. Bank of Montreal Can now owns 122,759 shares of the utilities provider’s stock valued at $1,155,000 after purchasing an additional 3,628 shares during the period. Finally, Great West Life Assurance Co. Can raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 15.7% during the 1st quarter. Great West Life Assurance Co. Can now owns 216,395 shares of the utilities provider’s stock valued at $2,266,000 after purchasing an additional 29,324 shares during the period. Hedge funds and other institutional investors own 12.57% of the company’s stock.

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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $10.13 on Monday. The business has a 50-day simple moving average of $10.53 and a 200 day simple moving average of $10.32. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52 week low of $7.45 and a 52 week high of $12.04. The company has a quick ratio of 1.45, a current ratio of 1.48 and a debt-to-equity ratio of 0.62. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 11.92 and a beta of 1.01.

Analysts Set New Price Targets

SBS has been the subject of several recent analyst reports. TheStreet upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “c” rating to a “b” rating in a research report on Friday, December 9th. StockNews.com upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research report on Thursday.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP

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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.