Dimensional Fund Advisors LP Lowers Stake in Companhia de Saneamento Bsc DEDSP (SBS)

Share on StockTwits

Dimensional Fund Advisors LP cut its holdings in Companhia de Saneamento Bsc DEDSP (NYSE:SBS) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,043,580 shares of the utilities provider’s stock after selling 18,601 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Companhia de Saneamento Bsc DEDSP were worth $8,423,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. James Investment Research Inc. purchased a new position in shares of Companhia de Saneamento Bsc DEDSP during the fourth quarter valued at approximately $48,000. Atlas Capital Advisors LLC purchased a new position in shares of Companhia de Saneamento Bsc DEDSP during the fourth quarter valued at approximately $65,000. Advisor Group Inc. lifted its stake in shares of Companhia de Saneamento Bsc DEDSP by 103.2% during the fourth quarter. Advisor Group Inc. now owns 9,054 shares of the utilities provider’s stock valued at $74,000 after buying an additional 4,599 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Companhia de Saneamento Bsc DEDSP by 314.0% during the fourth quarter. Quadrant Capital Group LLC now owns 9,178 shares of the utilities provider’s stock valued at $72,000 after buying an additional 6,961 shares during the period. Finally, Checchi Capital Advisers LLC purchased a new position in shares of Companhia de Saneamento Bsc DEDSP during the fourth quarter valued at approximately $88,000.

NYSE:SBS opened at $10.60 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.57. Companhia de Saneamento Bsc DEDSP has a fifty-two week low of $5.58 and a fifty-two week high of $12.25.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last posted its quarterly earnings results on Friday, March 29th. The utilities provider reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.31. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.08 billion. Companhia de Saneamento Bsc DEDSP had a net margin of 17.40% and a return on equity of 14.81%. Sell-side analysts forecast that Companhia de Saneamento Bsc DEDSP will post 1.16 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Monday, July 8th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.2999 per share. The ex-dividend date is Tuesday, April 30th. Companhia de Saneamento Bsc DEDSP’s dividend payout ratio is currently 20.18%.

SBS has been the topic of several recent analyst reports. ValuEngine raised shares of Companhia de Saneamento Bsc DEDSP from a “hold” rating to a “buy” rating in a research note on Saturday, January 5th. Janney Montgomery Scott downgraded shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “neutral” rating in a research note on Thursday, January 3rd. Citigroup downgraded shares of Companhia de Saneamento Bsc DEDSP from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 16th. HSBC downgraded shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Finally, Zacks Investment Research raised shares of Companhia de Saneamento Bsc DEDSP from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold”.

COPYRIGHT VIOLATION NOTICE: “Dimensional Fund Advisors LP Lowers Stake in Companhia de Saneamento Bsc DEDSP (SBS)” was published by Highlight Press and is the sole property of of Highlight Press. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://highlightpress.com/2019/04/23/dimensional-fund-advisors-lp-lowers-stake-in-companhia-de-saneamento-bsc-dedsp-sbs.html.

Companhia de Saneamento Bsc DEDSP Company Profile

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

Recommended Story: Insider Trading

Want to see what other hedge funds are holding SBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Companhia de Saneamento Bsc DEDSP (NYSE:SBS).

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

Receive News & Ratings for Companhia de Saneamento Bsc DEDSP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia de Saneamento Bsc DEDSP and related companies with MarketBeat.com's FREE daily email newsletter.