York Water (NASDAQ:YORW) Coverage Initiated by Analysts at Huntington

Equities research analysts at Huntington began coverage on shares of York Water (NASDAQ:YORW) in a report issued on Monday, Zacks reports. The brokerage set a “strong-buy” rating on the utilities provider’s stock.

Other analysts also recently issued reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of York Water in a research report on Friday, October 30th. Cantor Fitzgerald set a $31.00 price target on shares of York Water in a report on Monday, August 10th. One equities research 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, the stock currently has an average rating of “Buy” and an average target price of $31.00.

York Water Trading Down 0.7%

Shares of NASDAQ YORW opened at $32.39 on Monday. The business has a 50 day simple moving average of $31.89 and a 200 day simple moving average of $31.41. York Water has a 52 week low of $28.26 and a 52 week high of $34.81. The stock has a market cap of $525.69 million, a price-to-earnings ratio of 19.51 and a beta of 0.52. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.88 and a current ratio of 1.05.

York Water (NASDAQ:YORW) last issued its quarterly earnings data on Friday, November 6th. The utilities provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $24.33 million for the quarter, compared to analyst estimates of $22.60 million. York Water had a net margin of 28.53% and a return on equity of 9.38%.

Insider Activity at York Water

In other news, Director David M. Velazquez acquired 1,288 shares of York Water stock in a transaction dated Tuesday, October 20th. The stock was acquired at an average cost of $31.07 per share, for a total transaction of $40,018.16. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph Hand sold 8,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $33.28, for a total transaction of $266,240.00. Following the sale, the chief executive officer directly owned 35,308 shares of the company’s stock, valued at approximately $1,175,050.24. This represents a 18.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have acquired 1,410 shares of company stock worth $44,024. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of YORW. Russell Investments Group Ltd. grew its holdings in York Water by 44.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 31,391 shares of the utilities provider’s stock valued at $961,000 after buying an additional 9,661 shares during the last quarter. Penn Capital Management Company LLC increased its position in York Water by 2.4% in the 3rd quarter. Penn Capital Management Company LLC now owns 100,101 shares of the utilities provider’s stock worth $3,065,000 after buying an additional 2,305 shares during the period. CenterBook Partners LP lifted its holdings in shares of York Water by 5.0% during the third quarter. CenterBook Partners LP now owns 38,833 shares of the utilities provider’s stock worth $1,189,000 after buying an additional 1,844 shares during the last quarter. Moss Adams Wealth Advisors LLC acquired a new position in shares of York Water during the third quarter worth approximately $223,000. Finally, Engineers Gate Manager LP lifted its holdings in shares of York Water by 111.0% during the second quarter. Engineers Gate Manager LP now owns 28,479 shares of the utilities provider’s stock worth $873,000 after buying an additional 14,983 shares during the last quarter. Institutional investors own 49.86% of the company’s stock.

About York Water

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.