BidaskClub Downgrades York Water (YORW) to Sell

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BidaskClub downgraded shares of York Water (NASDAQ:YORW) from a hold rating to a sell rating in a research report report published on Thursday.

Separately, Hilliard Lyons raised shares of York Water from an underperform rating to a neutral rating in a research report on Thursday, March 8th.

NASDAQ:YORW opened at $30.80 on Thursday. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.65. York Water has a 12 month low of $27.45 and a 12 month high of $39.70. The company has a market capitalization of $406.18 million, a price-to-earnings ratio of 30.50 and a beta of 0.45.

York Water (NASDAQ:YORW) last posted its earnings results on Tuesday, May 8th. The utilities provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). York Water had a return on equity of 10.99% and a net margin of 26.53%. The company had revenue of $11.64 million during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be given a $0.1666 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, June 28th. York Water’s dividend payout ratio (DPR) is presently 66.34%.

A number of large investors have recently bought and sold shares of YORW. First Trust Advisors LP grew its position in York Water by 10.0% in the 4th quarter. First Trust Advisors LP now owns 101,833 shares of the utilities provider’s stock worth $3,452,000 after purchasing an additional 9,247 shares during the period. Wells Fargo & Company MN grew its position in shares of York Water by 15.1% during the 4th quarter. Wells Fargo & Company MN now owns 39,196 shares of the utilities provider’s stock valued at $1,328,000 after acquiring an additional 5,128 shares during the period. BlackRock Inc. grew its position in shares of York Water by 2.7% during the 4th quarter. BlackRock Inc. now owns 700,758 shares of the utilities provider’s stock valued at $23,755,000 after acquiring an additional 18,243 shares during the period. Spark Investment Management LLC bought a new stake in shares of York Water during the 4th quarter valued at $244,000. Finally, Deutsche Bank AG grew its position in shares of York Water by 120.8% during the 4th quarter. Deutsche Bank AG now owns 31,349 shares of the utilities provider’s stock valued at $1,060,000 after acquiring an additional 17,151 shares during the period. 33.40% of the stock is owned by institutional investors and hedge funds.

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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