York Water (YORW) Stock Rating Upgraded by BidaskClub

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York Water (NASDAQ:YORW) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Friday.

NASDAQ:YORW opened at $30.80 on Friday. York Water has a 12 month low of $27.45 and a 12 month high of $39.00. The company has a market capitalization of $388.74 million, a PE ratio of 28.94 and a beta of 0.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.43 and a current ratio of 0.48.

York Water (NASDAQ:YORW) last released its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. York Water had a net margin of 27.42% and a return on equity of 11.14%. The company had revenue of $12.03 million for the quarter.

Several large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its position in shares of York Water by 22.0% in the second quarter. Commonwealth Equity Services LLC now owns 10,157 shares of the utilities provider’s stock valued at $323,000 after purchasing an additional 1,833 shares during the period. JPMorgan Chase & Co. grew its stake in shares of York Water by 41.1% in the first quarter. JPMorgan Chase & Co. now owns 6,586 shares of the utilities provider’s stock worth $204,000 after acquiring an additional 1,918 shares during the last quarter. Royal Bank of Canada grew its stake in shares of York Water by 12.4% in the first quarter. Royal Bank of Canada now owns 19,373 shares of the utilities provider’s stock worth $601,000 after acquiring an additional 2,132 shares during the last quarter. Guggenheim Capital LLC grew its stake in shares of York Water by 4.0% in the first quarter. Guggenheim Capital LLC now owns 56,017 shares of the utilities provider’s stock worth $1,736,000 after acquiring an additional 2,161 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of York Water by 4.5% in the second quarter. KBC Group NV now owns 54,312 shares of the utilities provider’s stock worth $1,727,000 after acquiring an additional 2,329 shares during the last quarter. 34.38% of the stock is currently owned by institutional investors.

About York Water

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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