Stock analysts at Huntington initiated coverage on shares of York Water (NASDAQ:YORW – Get Free Report) in a research note issued on Monday, Zacks reports. The firm set a “strong-buy” rating on the utilities provider’s stock.
YORW has been the subject of a number of other reports. Cantor Fitzgerald set a $31.00 price objective on shares of York Water in a report on Monday, August 10th. Weiss Ratings reissued a “hold (c)” rating on shares of York Water in a research note on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, York Water presently has a consensus rating of “Buy” and an average target price of $31.00.
Read Our Latest Report on YORW
York Water Price Performance
Shares of YORW stock opened at $32.39 on Monday. The stock has a 50 day moving average of $31.89 and a two-hundred day moving average of $31.41. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.64. York Water has a 12 month low of $28.26 and a 12 month high of $34.81. The company has a market capitalization of $525.69 million, a P/E ratio of 19.51 and a beta of 0.52.
York Water (NASDAQ:YORW – Get Free Report) last posted its quarterly earnings results on Friday, November 6th. The utilities provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $24.33 million for the quarter, compared to the consensus estimate of $22.60 million. York Water had a net margin of 28.53% and a return on equity of 9.38%.
Insider Transactions at York Water
In related news, Director David M. Velazquez bought 1,288 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The stock was bought at an average cost of $31.07 per share, for a total transaction of $40,018.16. Following the transaction, the director owned 1,288 shares of the company’s stock, valued at $40,018.16. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph Hand sold 8,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $33.28, for a total value of $266,240.00. Following the transaction, the chief executive officer owned 35,308 shares of the company’s stock, valued at $1,175,050.24. The trade was a 18.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have acquired 1,410 shares of company stock worth $44,024. Company insiders own 0.50% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Allworth Financial LP bought a new stake in shares of York Water in the 2nd quarter valued at $29,000. Integrated Wealth Concepts LLC acquired a new stake in York Water during the 2nd quarter worth $46,000. Moss Adams Wealth Advisors LLC acquired a new stake in York Water during the 3rd quarter worth $223,000. Cetera Investment Advisers lifted its holdings in York Water by 8.7% during the first quarter. Cetera Investment Advisers now owns 8,953 shares of the utilities provider’s stock worth $273,000 after acquiring an additional 718 shares in the last quarter. Finally, Ieq Capital LLC bought a new position in York Water during the second quarter worth about $383,000. Institutional investors and hedge funds own 49.86% of the company’s stock.
York Water Company Profile
The York Water Company (NASDAQ:YORW) is a regulated water utility serving communities in south-central Pennsylvania. The company provides residential, commercial and industrial customers with treated drinking water through a network of reservoirs, treatment facilities, pipelines and distribution infrastructure.
In addition to its water operations, York Water provides wastewater collection and related services in portions of its service territory. Its operations primarily cover York County and extend into surrounding areas, including parts of Adams and Franklin counties.
Founded in 1816, York Water is recognized as one of the oldest investor-owned water utilities in the United States.
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