York Water (YORW) Raised to Strong-Buy at BidaskClub

York Water (NASDAQ:YORW) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

Several other brokerages have also recently commented on YORW. Zacks Investment Research upgraded shares of York Water from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Janney Montgomery Scott began coverage on shares of York Water in a research report on Friday, January 18th. They issued a “buy” rating and a $35.00 price target on the stock. Finally, ValuEngine upgraded shares of York Water from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $35.00.

Shares of NASDAQ YORW opened at $36.00 on Friday. York Water has a fifty-two week low of $27.45 and a fifty-two week high of $36.10. The company has a current ratio of 0.43, a quick ratio of 0.38 and a debt-to-equity ratio of 0.64. The stock has a market cap of $452.48 million, a P/E ratio of 35.64 and a beta of 0.22.

A number of institutional investors and hedge funds have recently modified their holdings of YORW. Deprince Race & Zollo Inc. increased its stake in York Water by 192.0% in the 4th quarter. Deprince Race & Zollo Inc. now owns 83,646 shares of the utilities provider’s stock worth $2,682,000 after purchasing an additional 54,997 shares in the last quarter. FDx Advisors Inc. purchased a new position in York Water in the 4th quarter worth about $1,740,000. Renaissance Technologies LLC increased its stake in York Water by 20.1% in the 3rd quarter. Renaissance Technologies LLC now owns 235,600 shares of the utilities provider’s stock worth $7,162,000 after purchasing an additional 39,400 shares in the last quarter. Vanguard Group Inc increased its stake in York Water by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 670,540 shares of the utilities provider’s stock worth $20,384,000 after purchasing an additional 19,201 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in York Water by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 670,540 shares of the utilities provider’s stock worth $20,384,000 after purchasing an additional 19,201 shares in the last quarter. 35.93% of the stock is currently owned by hedge funds and other institutional investors.

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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