Companhia de Saneamento Basico (SBS) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its holdings in shares of Companhia de Saneamento Basico (NYSE:SBS) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,145,498 shares of the utilities provider’s stock after selling 22,067 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Companhia de Saneamento Basico were worth $11,968,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Brookfield Asset Management Inc. boosted its stake in shares of Companhia de Saneamento Basico by 40.7% during the 2nd quarter. Brookfield Asset Management Inc. now owns 6,193,655 shares of the utilities provider’s stock valued at $58,964,000 after buying an additional 1,791,635 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Companhia de Saneamento Basico by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 5,172,179 shares of the utilities provider’s stock valued at $49,239,000 after buying an additional 256,552 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Companhia de Saneamento Basico by 6.9% during the 3rd quarter. Schroder Investment Management Group now owns 2,196,026 shares of the utilities provider’s stock valued at $22,531,000 after buying an additional 141,726 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Companhia de Saneamento Basico by 26.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,489,869 shares of the utilities provider’s stock valued at $14,184,000 after buying an additional 313,725 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Companhia de Saneamento Basico by 2.6% during the 2nd quarter. State Street Corp now owns 1,470,063 shares of the utilities provider’s stock valued at $13,993,000 after buying an additional 36,682 shares during the last quarter. Institutional investors own 15.97% of the company’s stock.

Several research firms have recently commented on SBS. Zacks Investment Research upgraded Companhia de Saneamento Basico from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. Scotiabank upgraded Companhia de Saneamento Basico from an “underperform” rating to a “sector perform” rating in a research note on Monday, October 9th. ValuEngine upgraded Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. UBS Group cut Companhia de Saneamento Basico from a “buy” rating to a “neutral” rating in a research note on Thursday, November 2nd. Finally, JPMorgan Chase & Co. upgraded Companhia de Saneamento Basico from a “neutral” rating to an “overweight” rating in a research note on Monday, November 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Companhia de Saneamento Basico presently has an average rating of “Hold”.

Companhia de Saneamento Basico (NYSE:SBS) opened at $11.47 on Monday. Companhia de Saneamento Basico has a one year low of $8.15 and a one year high of $11.59. The stock has a market capitalization of $7,850.00, a price-to-earnings ratio of 8.69 and a beta of 1.85. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.10.

Companhia de Saneamento Basico (NYSE:SBS) last announced its quarterly earnings data on Tuesday, November 14th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.16. Companhia de Saneamento Basico had a return on equity of 17.82% and a net margin of 19.70%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.09 billion. analysts predict that Companhia de Saneamento Basico will post 1.12 EPS for the current fiscal year.

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About Companhia de Saneamento Basico

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a water and sewage service provider. The Company provides water and sewage services to a range of residential, commercial, industrial and governmental customers in over 360 municipalities in the state of Sao Paulo, including the city of Sao Paulo.

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Institutional Ownership by Quarter for Companhia de Saneamento Basico (NYSE:SBS)

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