Deprince Race & Zollo Inc. Sells 3,003 Shares of The York Water Company (NASDAQ:YORW)

Deprince Race & Zollo Inc. decreased its holdings in The York Water Company (NASDAQ:YORW) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,318 shares of the utilities provider’s stock after selling 3,003 shares during the period. Deprince Race & Zollo Inc. owned about 1.00% of York Water worth $5,316,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in YORW. TFO Wealth Partners LLC raised its stake in York Water by 17,525.0% in the 4th quarter. TFO Wealth Partners LLC now owns 705 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 701 shares during the period. CWM LLC lifted its stake in shares of York Water by 37.5% during the 2nd quarter. CWM LLC now owns 1,738 shares of the utilities provider’s stock worth $64,000 after buying an additional 474 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of York Water during the 4th quarter worth about $101,000. Quest Partners LLC acquired a new position in York Water in the 2nd quarter valued at about $102,000. Finally, Mather Group LLC. bought a new position in York Water in the 2nd quarter valued at about $106,000. 49.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised York Water from a “sell” rating to a “hold” rating in a research report on Friday, August 30th.

York Water Stock Down 0.8 %

YORW opened at $37.14 on Friday. The stock has a fifty day moving average of $38.97 and a 200-day moving average of $37.33. The company has a market capitalization of $533.33 million, a P/E ratio of 21.85 and a beta of 0.64. The York Water Company has a fifty-two week low of $33.32 and a fifty-two week high of $41.96. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.61 and a current ratio of 0.78.

York Water (NASDAQ:YORW) last posted its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.10). York Water had a net margin of 31.27% and a return on equity of 10.32%. The business had revenue of $18.75 million during the quarter, compared to the consensus estimate of $19.00 million. On average, equities analysts expect that The York Water Company will post 1.43 EPS for the current year.

York Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.2108 per share. The ex-dividend date is Monday, September 30th. This represents a $0.84 dividend on an annualized basis and a yield of 2.27%. York Water’s dividend payout ratio (DPR) is presently 49.41%.

About York Water

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.