AQR Capital Management LLC Grows Stock Holdings in The York Water Company (NASDAQ:YORW)

AQR Capital Management LLC lifted its position in The York Water Company (NASDAQ:YORW) by 16.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,634 shares of the utilities provider’s stock after buying an additional 3,294 shares during the period. AQR Capital Management LLC owned approximately 0.16% of York Water worth $877,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. CWM LLC grew its holdings in York Water by 37.5% in the second quarter. CWM LLC now owns 1,738 shares of the utilities provider’s stock worth $64,000 after purchasing an additional 474 shares during the last quarter. Quest Partners LLC purchased a new position in York Water during the 2nd quarter worth $102,000. Mather Group LLC. acquired a new position in York Water during the 2nd quarter valued at about $106,000. SG Americas Securities LLC purchased a new stake in York Water in the second quarter valued at about $123,000. Finally, Nisa Investment Advisors LLC boosted its holdings in York Water by 18,424.0% in the second quarter. Nisa Investment Advisors LLC now owns 4,631 shares of the utilities provider’s stock worth $173,000 after acquiring an additional 4,606 shares in the last quarter. Institutional investors own 49.86% of the company’s stock.

York Water Trading Up 1.6 %

NASDAQ YORW opened at $36.26 on Friday. The York Water Company has a 12-month low of $33.32 and a 12-month high of $41.96. The company has a fifty day simple moving average of $37.99 and a two-hundred day simple moving average of $37.41. The company has a current ratio of 0.78, a quick ratio of 0.61 and a debt-to-equity ratio of 0.85. The stock has a market cap of $520.69 million, a P/E ratio of 22.66 and a beta of 0.63.

York Water (NASDAQ:YORW) last issued its earnings results 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). The firm had revenue of $18.75 million during the quarter, compared to analysts’ expectations of $19.00 million. York Water had a return on equity of 10.32% and a net margin of 31.27%. On average, analysts forecast that The York Water Company will post 1.43 earnings per share for the current year.

York Water Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.2108 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Monday, September 30th. York Water’s dividend payout ratio (DPR) is 52.50%.

Analyst Upgrades and Downgrades

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

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.