Janney Montgomery Scott LLC Boosts Investment in The York Water Company
January 30, 2023
Trending News ☀️
Janney Montgomery Scott LLC recently announced that it had increased its investment in The York Water ($NASDAQ:YORW) Company (YORK). Considered one of the oldest publicly traded companies in the United States, YORK has a rich history and a solid track record of financial performance. It is the largest publicly traded water utility in the mid-Atlantic region and is one of the top 10 publicly traded water companies in the United States. YORK has invested heavily in infrastructure upgrades and technology to ensure reliable service for its customers. YORK Water has consistently maintained strong dividend payments, and its stock price has seen steady growth over the years.
Market Price
This news has been met with mostly positive coverage and reception. On Tuesday, the stock for YORK WATER opened at $45.0 and closed at $45.4, up by 0.5% from the last closing price of 45.2. This slight increase in stock price indicates that investors are confident in the company’s future prospects. The company has seen steady growth over the last few years and is now a leader in the water industry. Their commitment to excellence and innovation has made them a leader in the industry and has earned them numerous awards.
Additionally, YORK WATER takes part in various community outreach programs and is dedicated to improving the lives of their customers. The company’s stock has seen a slight increase in price, indicating that investors are optimistic about the future of YORK WATER. With this increased investment, YORK WATER is expected to continue its success and be a leader in the water industry for many years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for York Water. More…
| Total Revenues | Net Income | Net Margin |
| 58.68 | 18.57 | 30.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for York Water. More…
| Operations | Investing | Financing |
| 21.79 | -55.84 | 34.05 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for York Water. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 493.65 | 289.08 | 14.33 |
Key Ratios Snapshot
Some of the financial key ratios for York Water are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.0% | 0.7% | 39.9% |
| FCF Margin | ROE | ROA |
| -58.0% | 7.2% | 3.0% |
VI Analysis
YORK WATER is a company whose fundamentals reflect its long term potential. According to the VI Star Chart, YORK WATER is strong in dividend and profitability, medium in asset and weak in growth. It is classified as a ‘rhino’, meaning it has achieved moderate revenue or earnings growth. Investors looking for a reliable income stream may be interested in investing in YORK WATER due to its strong dividend. Those looking for capital appreciation may also be interested in YORK WATER, as its moderate growth indicates potential for long-term gain. Additionally, YORK WATER has an intermediate health score of 6/10. This score is based on the company’s cash flows and debt and suggests that YORK WATER is likely to pay off debt and fund future operations. This makes it an attractive investment for investors looking for a stable, long-term income stream. Overall, YORK WATER is an attractive investment for those looking for a steady dividend income or potential capital appreciation. Its strong fundamentals indicate that it is likely to pay off debt and fund future operations, making it a reliable long-term investment. More…
VI Peers
The company operates in Pennsylvania, Maryland, and Virginia. As of December 31, 2018, the company owned and operated seven water treatment plants, seven wastewater treatment plants, 2,200 miles of water mains, and 1,700 miles of sewer lines. The company’s stock is traded on the Nasdaq Global Select Market under the ticker symbol YORW. The York Water Co’s competitors include Thu Duc Water, Pure Cycle Corp, Global Water Resources Inc.
– Thu Duc Water ($HOSE:TDW)
As of 2022, Pure Cycle Corp has a market cap of 196.16M and a Return on Equity of -9.74%. The company is engaged in the business of water treatment, including the treatment and re-use of wastewater.
– Pure Cycle Corp ($NASDAQ:PCYO)
Global Water Resources, Inc. is a water resource management company that owns, operates, and manages water and wastewater utilities in the state of Arizona. The company’s mission is to provide safe, reliable, and sustainable water resources to the communities it serves. Global Water Resources is committed to providing its customers with high-quality water and wastewater services at an affordable price. The company’s philosophy is to operate its utilities in a manner that is financially, environmentally, and socially responsible. Global Water Resources has a market capitalization of $283.77 million and a return on equity of 30.2%.
Summary
Investing in The York Water Company is proving to be a profitable decision for Janney Montgomery Scott LLC, as the company has recently boosted their investment in the water utility. Analysts are predicting further growth for YORK due to its strong financials and strong management team. YORK is well-positioned to benefit from the growing demand for water utilities and is an attractive investment option for those looking to diversify their portfolio.
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