Gabelli Funds LLC Lowers Stock Holdings in York Water Co (NASDAQ:YORW)

Gabelli Funds LLC lowered its stake in shares of York Water Co (NASDAQ:YORW) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 142,500 shares of the utilities provider’s stock after selling 1,500 shares during the quarter. Gabelli Funds LLC owned about 1.10% of York Water worth $6,222,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of York Water by 6.3% during the second quarter. BlackRock Inc. now owns 809,717 shares of the utilities provider’s stock worth $28,923,000 after buying an additional 47,829 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of York Water by 0.5% during the second quarter. Vanguard Group Inc. now owns 710,318 shares of the utilities provider’s stock worth $25,371,000 after buying an additional 3,359 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of York Water by 5.2% during the second quarter. Renaissance Technologies LLC now owns 287,136 shares of the utilities provider’s stock worth $10,256,000 after buying an additional 14,100 shares during the last quarter. Northern Trust Corp grew its holdings in shares of York Water by 1.8% during the second quarter. Northern Trust Corp now owns 179,611 shares of the utilities provider’s stock worth $6,415,000 after buying an additional 3,229 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of York Water by 5.1% during the second quarter. First Trust Advisors LP now owns 123,356 shares of the utilities provider’s stock worth $4,406,000 after buying an additional 5,979 shares during the last quarter. 36.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:YORW opened at $41.77 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. The company has a market cap of $553.28 million, a P/E ratio of 40.16 and a beta of 0.17. York Water Co has a 52 week low of $29.88 and a 52 week high of $45.73. The company has a 50-day moving average price of $43.12 and a 200 day moving average price of $37.72.

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 firm had revenue of $13.68 million during the quarter, compared to the consensus estimate of $13.00 million. York Water had a net margin of 28.21% and a return on equity of 11.06%. Analysts expect that York Water Co will post 1.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.173 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.69 dividend on an annualized basis and a yield of 1.66%. York Water’s payout ratio is currently 66.35%.

YORW has been the topic of a number of research reports. Zacks Investment Research reissued a “hold” rating on shares of York Water in a report on Saturday, October 12th. BidaskClub lowered York Water from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, ValuEngine lowered York Water from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.50.

York Water 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.

See Also: Understanding the Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for York Water (NASDAQ:YORW)

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