Deprince Race & Zollo Inc. Decreases Stock Holdings in The York Water Company (NASDAQ:YORW)

Deprince Race & Zollo Inc. decreased its holdings in shares of The York Water Company (NASDAQ:YORW - Free Report) by 37.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,736 shares of the utilities provider's stock after selling 25,735 shares during the quarter. Deprince Race & Zollo Inc. owned 0.30% of York Water worth $1,431,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of YORW. Barclays PLC boosted its holdings in shares of York Water by 297.0% in the third quarter. Barclays PLC now owns 22,371 shares of the utilities provider's stock valued at $838,000 after purchasing an additional 16,736 shares during the period. JPMorgan Chase & Co. grew its stake in York Water by 78.3% in the third quarter. JPMorgan Chase & Co. now owns 30,368 shares of the utilities provider's stock worth $1,138,000 after purchasing an additional 13,339 shares in the last quarter. Fulton Bank N.A. grew its stake in York Water by 4.7% in the fourth quarter. Fulton Bank N.A. now owns 16,600 shares of the utilities provider's stock worth $543,000 after purchasing an additional 750 shares in the last quarter. Johnson & White Wealth Management LLC bought a new position in York Water in the fourth quarter worth approximately $828,000. Finally, SG Americas Securities LLC grew its stake in York Water by 17.9% in the fourth quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider's stock worth $216,000 after purchasing an additional 1,005 shares in the last quarter. 49.86% of the stock is currently owned by hedge funds and other institutional investors.

York Water Trading Down 2.1%

NASDAQ:YORW traded down $0.69 during midday trading on Monday, hitting $32.10. The stock had a trading volume of 84,171 shares, compared to its average volume of 57,225. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87. The York Water Company has a one year low of $29.86 and a one year high of $41.96. The stock has a 50-day moving average of $34.40 and a 200 day moving average of $33.85. The company has a market capitalization of $462.24 million, a price-to-earnings ratio of 21.69 and a beta of 0.78.

York Water (NASDAQ:YORW - Get Free Report) last issued its earnings results on Tuesday, May 6th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.08). York Water had a return on equity of 9.44% and a net margin of 28.57%. The business had revenue of $18.46 million for the quarter, compared to the consensus estimate of $19.00 million. As a group, sell-side analysts forecast that The York Water Company will post 1.43 EPS for the current year.

York Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.2192 per share. This represents a $0.88 annualized dividend and a yield of 2.73%. The ex-dividend date is Monday, June 30th. York Water's payout ratio is 63.50%.

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.