The York Water Company (NASDAQ:YORW) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of The York Water Company (NASDAQ:YORW) by 15.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 23,544 shares of the utilities provider’s stock after selling 4,380 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in York Water were worth $882,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of YORW. Orrstown Financial Services Inc. acquired a new position in shares of York Water during the 3rd quarter valued at $445,000. Susquehanna Fundamental Investments LLC purchased a new position in York Water in the second quarter valued at about $339,000. D.A. Davidson & CO. acquired a new position in shares of York Water during the third quarter worth about $341,000. GSA Capital Partners LLP purchased a new stake in shares of York Water in the third quarter worth about $268,000. Finally, Rhumbline Advisers grew its stake in shares of York Water by 35.0% in the second quarter. Rhumbline Advisers now owns 25,123 shares of the utilities provider’s stock valued at $932,000 after buying an additional 6,519 shares in the last quarter. 49.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

York Water Trading Down 0.7 %

NASDAQ YORW opened at $33.41 on Friday. The company’s fifty day simple moving average is $35.88 and its 200-day simple moving average is $37.31. The stock has a market cap of $480.24 million, a P/E ratio of 22.57 and a beta of 0.63. The York Water Company has a 52 week low of $33.32 and a 52 week high of $41.96. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87.

York Water Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.2192 dividend. This is a boost from York Water’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, December 31st. York Water’s dividend payout ratio is presently 58.78%.

York Water 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.