York Water (YORW) Lowered to Hold at BidaskClub

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York Water (NASDAQ:YORW) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other equities research analysts have also weighed in on the company. Janney Montgomery Scott initiated coverage on York Water in a research report on Friday, January 18th. They issued a “buy” rating and a $35.00 price objective on the stock. Zacks Investment Research upgraded York Water from a “sell” rating to a “hold” rating in a research report on Thursday, December 20th. Finally, Boenning Scattergood lowered York Water from an “outperform” rating to a “neutral” rating in a research report on Tuesday. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $36.00.

Shares of YORW stock opened at $33.79 on Friday. The company has a market capitalization of $455.97 million, a PE ratio of 32.49 and a beta of 0.27. York Water has a fifty-two week low of $28.95 and a fifty-two week high of $36.50. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.38 and a current ratio of 0.43.

York Water (NASDAQ:YORW) last issued its quarterly earnings data on Tuesday, March 12th. The utilities provider reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. The firm had revenue of $12.07 million for the quarter, compared to analyst estimates of $13.61 million. York Water had a return on equity of 10.94% and a net margin of 27.61%. Research analysts forecast that York Water will post 1.13 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of York Water by 0.6% in the 4th quarter. BlackRock Inc. now owns 766,417 shares of the utilities provider’s stock valued at $24,570,000 after purchasing an additional 4,641 shares during the period. Vanguard Group Inc lifted its stake in shares of York Water by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 670,540 shares of the utilities provider’s stock valued at $20,384,000 after purchasing an additional 19,201 shares during the period. Vanguard Group Inc. lifted its stake in shares of York Water by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 670,540 shares of the utilities provider’s stock valued at $20,384,000 after purchasing an additional 19,201 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of York Water by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 441,459 shares of the utilities provider’s stock valued at $14,153,000 after purchasing an additional 2,535 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of York Water by 20.1% in the 3rd quarter. Renaissance Technologies LLC now owns 235,600 shares of the utilities provider’s stock valued at $7,162,000 after purchasing an additional 39,400 shares during the period. Institutional investors own 36.83% 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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