York Water (YORW) Stock Rating Reaffirmed by Boenning Scattergood

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York Water (NASDAQ:YORW)‘s stock had its “outperform” rating restated by research analysts at Boenning Scattergood in a note issued to investors on Thursday.

Separately, BidaskClub upgraded York Water from a “sell” rating to a “hold” rating in a research note on Friday, June 22nd.

YORW stock opened at $30.33 on Thursday. The company has a current ratio of 0.48, a quick ratio of 0.43 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $392.62 million, a price-to-earnings ratio of 29.23 and a beta of 0.26. York Water has a 1 year low of $27.45 and a 1 year high of $39.00.

York Water (NASDAQ:YORW) last posted its earnings results on Thursday, August 2nd. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $12.03 million for the quarter. York Water had a return on equity of 11.14% and a net margin of 27.42%.

Several hedge funds and other institutional investors have recently modified their holdings of YORW. BlackRock Inc. raised its stake in shares of York Water by 8.9% during the second quarter. BlackRock Inc. now owns 755,860 shares of the utilities provider’s stock valued at $24,035,000 after purchasing an additional 61,872 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of York Water during the second quarter valued at about $983,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of York Water by 185.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 19,839 shares of the utilities provider’s stock valued at $631,000 after purchasing an additional 12,900 shares in the last quarter. Water Asset Management LLC bought a new stake in shares of York Water during the first quarter valued at about $391,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of York Water by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 419,357 shares of the utilities provider’s stock valued at $13,000,000 after purchasing an additional 11,670 shares in the last quarter. Institutional investors and hedge funds own 34.37% of the company’s stock.

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 together hold up to approximately 2.2 billion gallons of water.

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