UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in The York Water Company (NASDAQ:YORW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of The York Water Company (NASDAQ:YORW) by 32.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,120 shares of the utilities provider’s stock after purchasing an additional 7,576 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of York Water worth $1,018,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Zimmer Partners LP grew its position in York Water by 5.2% during the fourth quarter. Zimmer Partners LP now owns 746,943 shares of the utilities provider’s stock worth $24,440,000 after buying an additional 37,076 shares during the period. Squarepoint Ops LLC acquired a new position in York Water during the fourth quarter worth about $509,000. Two Sigma Investments LP grew its position in York Water by 22.4% during the fourth quarter. Two Sigma Investments LP now owns 46,984 shares of the utilities provider’s stock worth $1,537,000 after buying an additional 8,596 shares during the period. Two Sigma Advisers LP grew its position in York Water by 18.0% during the fourth quarter. Two Sigma Advisers LP now owns 62,300 shares of the utilities provider’s stock worth $2,038,000 after buying an additional 9,500 shares during the period. Finally, ProShare Advisors LLC grew its position in York Water by 21.6% during the fourth quarter. ProShare Advisors LLC now owns 226,339 shares of the utilities provider’s stock worth $7,406,000 after buying an additional 40,199 shares during the period. 49.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of York Water from a “sell” rating to a “hold” rating in a research report on Friday.

York Water Trading Up 0.9%

Shares of YORW opened at $32.19 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87. The firm’s 50-day moving average is $33.71 and its two-hundred day moving average is $33.33. The York Water Company has a twelve month low of $29.86 and a twelve month high of $41.96. The firm has a market capitalization of $463.54 million, a P/E ratio of 21.75 and a beta of 0.72.

York Water (NASDAQ:YORW) last released its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.08). The business had revenue of $18.46 million during the quarter, compared to analyst estimates of $19.00 million. York Water had a net margin of 28.57% and a return on equity of 9.44%. On average, research analysts predict that The York Water Company will post 1.43 earnings per share for the current fiscal year.

York Water Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.2192 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.72%. York Water’s dividend payout ratio is presently 63.50%.

York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.