Deprince Race & Zollo Inc. Sells 25,735 Shares of The York Water Company (NASDAQ:YORW)

Deprince Race & Zollo Inc. cut its position in The York Water Company (NASDAQ:YORW - Free Report) by 37.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,736 shares of the utilities provider's stock after selling 25,735 shares during the quarter. Deprince Race & Zollo Inc. owned about 0.30% of York Water worth $1,431,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Northern Trust Corp lifted its holdings in York Water by 3.7% during the fourth quarter. Northern Trust Corp now owns 150,485 shares of the utilities provider's stock valued at $4,924,000 after purchasing an additional 5,344 shares during the last quarter. Penn Capital Management Company LLC grew its stake in York Water by 5.3% in the 4th quarter. Penn Capital Management Company LLC now owns 145,132 shares of the utilities provider's stock valued at $4,749,000 after buying an additional 7,333 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in York Water by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 117,405 shares of the utilities provider's stock valued at $3,841,000 after acquiring an additional 739 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of York Water by 19.6% in the fourth quarter. Bank of New York Mellon Corp now owns 117,264 shares of the utilities provider's stock worth $3,837,000 after acquiring an additional 19,238 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its position in shares of York Water by 26.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 78,026 shares of the utilities provider's stock valued at $2,553,000 after purchasing an additional 16,209 shares in the last quarter. Hedge funds and other institutional investors own 49.86% of the company's stock.

York Water Price Performance

NASDAQ YORW traded down $0.68 during trading hours on Wednesday, hitting $31.60. The company had a trading volume of 54,534 shares, compared to its average volume of 57,431. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.68 and a current ratio of 0.88. The firm has a market capitalization of $455.04 million, a price-to-earnings ratio of 21.35 and a beta of 0.78. The York Water Company has a 52 week low of $29.86 and a 52 week high of $41.96. The firm has a 50 day simple moving average of $34.35 and a 200 day simple moving average of $33.81.

York Water (NASDAQ:YORW - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.08). The company had revenue of $18.46 million for the quarter, compared to analysts' expectations of $19.00 million. York Water had a net margin of 28.57% and a return on equity of 9.44%. Equities research analysts expect that The York Water Company will post 1.43 earnings per share for the current year.

York Water Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.2192 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.88 dividend on an annualized basis and a yield of 2.77%. York Water's dividend payout ratio (DPR) is currently 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.