Schwartz Investment Counsel Inc. Invests $1.16 Million in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Schwartz Investment Counsel Inc. acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 81,000 shares of the utilities provider’s stock, valued at approximately $1,161,000.

A number of other hedge funds have also made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 3rd quarter valued at $733,000. Citigroup Inc. lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4,931.7% in the third quarter. Citigroup Inc. now owns 1,216,372 shares of the utilities provider’s stock valued at $20,119,000 after buying an additional 1,192,198 shares during the period. Daiwa Securities Group Inc. boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 63.4% during the third quarter. Daiwa Securities Group Inc. now owns 92,800 shares of the utilities provider’s stock valued at $1,535,000 after buying an additional 36,000 shares in the last quarter. Pitcairn Co. acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter worth about $1,016,000. Finally, State Street Corp grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 15.1% during the third quarter. State Street Corp now owns 470,822 shares of the utilities provider’s stock worth $7,787,000 after acquiring an additional 61,874 shares during the period. Institutional investors and hedge funds own 10.62% of the company’s stock.

Analysts Set New Price Targets

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 report on Thursday, February 6th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 1.5 %

Shares of NYSE:SBS opened at $17.01 on Wednesday. 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 stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 6.69 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 company has a 50 day moving average price of $15.17 and a 200 day moving average price of $16.10.

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