A number of other research analysts have also commented on the stock. ValuEngine lowered shares of York Water from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research reissued a “hold” rating on shares of York Water in a research note on Saturday, October 12th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $39.50.
York Water stock traded up $0.81 on Wednesday, reaching $46.11. 34,100 shares of the stock were exchanged, compared to its average volume of 36,780. The firm has a fifty day moving average price of $45.22 and a two-hundred day moving average price of $41.05. The stock has a market cap of $593.34 million, a PE ratio of 44.34 and a beta of 0.22. The company has a current ratio of 0.59, a quick ratio of 0.52 and a debt-to-equity ratio of 0.71. York Water has a twelve month low of $31.03 and a twelve month high of $47.27.
York Water (NASDAQ:YORW) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. The business had revenue of $13.68 million during the quarter, compared to analyst estimates of $13.00 million. York Water had a net margin of 29.02% and a return on equity of 11.43%. Equities analysts anticipate that York Water will post 1.14 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of YORW. Nuveen Asset Management LLC bought a new stake in shares of York Water during the second quarter valued at approximately $1,908,000. BlackRock Inc. lifted its holdings in York Water by 6.3% in the second quarter. BlackRock Inc. now owns 809,717 shares of the utilities provider’s stock valued at $28,923,000 after buying an additional 47,829 shares during the period. First Trust Advisors LP lifted its holdings in York Water by 23.8% in the third quarter. First Trust Advisors LP now owns 152,733 shares of the utilities provider’s stock valued at $6,668,000 after buying an additional 29,377 shares during the period. Allianz Asset Management GmbH lifted its holdings in York Water by 132.0% in the second quarter. Allianz Asset Management GmbH now owns 31,318 shares of the utilities provider’s stock valued at $1,118,000 after buying an additional 17,817 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in York Water by 5.2% in the second quarter. Renaissance Technologies LLC now owns 287,136 shares of the utilities provider’s stock valued at $10,256,000 after buying an additional 14,100 shares during the period. 38.98% of the stock is currently owned by hedge funds and other institutional investors.
York Water Company Profile
The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. In addition, the company has a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns seven wells that supply water to its customers in Carroll Valley Borough and Cumberland Township, Adams County.
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