Crossmark Global Holdings Inc. Buys 23,900 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Crossmark Global Holdings Inc. grew its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 85.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,868 shares of the utilities provider’s stock after acquiring an additional 23,900 shares during the period. Crossmark Global Holdings Inc.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $858,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter worth approximately $45,000. Summit Securities Group LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 2nd quarter valued at approximately $95,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of 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 during the period. First Affirmative Financial Network increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 10.6% in the second quarter. First Affirmative Financial Network now owns 11,165 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 1,069 shares during the period. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 2nd quarter valued at $155,000. 10.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SBS. The Goldman Sachs Group raised shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a report on Sunday, October 6th. 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.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 1.8 %

Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $16.66 on Friday. The firm has a market cap of $11.39 billion, a PE ratio of 6.56 and a beta of 1.16. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12 month low of $13.00 and a 12 month high of $18.36. The stock’s 50 day simple moving average is $16.41 and its two-hundred day simple moving average is $15.78. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 0.61.

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.