York Water (YORW) Stock Rating Upgraded by Zacks Investment Research

York Water (NASDAQ:YORW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday, Zacks.com reports.

According to Zacks, “The York Water Company impounds, purifies and distributes water. They are regulated by the Pennsylvania Public Utility Commission in the areas of billing, payment procedures, dispute processing, terminations, service territory, and rate setting. They must obtain PPUC approval before changing any of the aforementioned procedures. “

Several other research analysts also recently weighed in on YORW. BidaskClub raised shares of York Water from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. Janney Montgomery Scott downgraded shares of York Water from a “buy” rating to a “neutral” rating and boosted their target price for the company from $35.00 to $36.00 in a research note on Wednesday, March 13th. They noted that the move was a valuation call. Finally, Boenning Scattergood downgraded shares of York Water from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 12th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $37.00.



NASDAQ:YORW opened at $36.30 on Friday. The firm has a market cap of $470.30 million, a PE ratio of 34.90 and a beta of 0.24. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.73. York Water has a 52-week low of $28.95 and a 52-week high of $36.50.

York Water (NASDAQ:YORW) last announced its earnings results on Tuesday, May 7th. The utilities provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). York Water had a net margin of 27.96% and a return on equity of 10.88%. The firm had revenue of $11.83 million during the quarter, compared to analyst estimates of $12.00 million. On average, analysts expect that York Water will post 1.11 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in 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 last quarter. Vanguard Group Inc grew its holdings in 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 buying an additional 19,201 shares during the period. Vanguard Group Inc. grew its holdings in 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 buying an additional 19,201 shares during the period. Dimensional Fund Advisors LP grew its holdings in York Water by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 451,035 shares of the utilities provider’s stock valued at $15,479,000 after buying an additional 9,576 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in York Water by 1.2% in the 1st quarter. Renaissance Technologies LLC now owns 273,036 shares of the utilities provider’s stock valued at $9,371,000 after buying an additional 3,301 shares during the period. 37.30% of the stock is 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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