The York Water Co. (YORW) CEO Jeffrey R. Hines Buys 362 Shares
The York Water Co. (NASDAQ:YORW) CEO Jeffrey R. Hines purchased 362 shares of the company’s stock in a transaction dated Monday, November 28th. The shares were bought at an average price of $30.55 per share, for a total transaction of $11,059.10. Following the completion of the transaction, the chief executive officer now directly owns 48,330 shares in the company, valued at approximately $1,476,481.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
The York Water Co. (NASDAQ:YORW) traded up 3.49% during mid-day trading on Tuesday, reaching $38.50. The company had a trading volume of 29,538 shares. The company’s 50 day moving average is $31.77 and its 200 day moving average is $30.10. The stock has a market capitalization of $494.38 million, a price-to-earnings ratio of 39.77 and a beta of 0.47. The York Water Co. has a 52-week low of $22.81 and a 52-week high of $38.60.
The York Water (NASDAQ:YORW) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. The business earned $12.60 million during the quarter, compared to the consensus estimate of $12.50 million. The York Water had a return on equity of 11.17% and a net margin of 26.25%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Equities analysts predict that The York Water Co. will post $0.95 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th will be paid a $0.1602 dividend. The ex-dividend date of this dividend is Wednesday, December 28th. This is a positive change from The York Water’s previous quarterly dividend of $0.16. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.72%. The York Water’s payout ratio is presently 64.58%.
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Institutional investors have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. raised its position in The York Water by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 141,587 shares of the company’s stock worth $4,536,000 after buying an additional 1,561 shares during the last quarter. BlackRock Group LTD purchased a new stake in The York Water during the second quarter worth $108,000. BlackRock Fund Advisors increased its stake in The York Water by 2.8% in the second quarter. BlackRock Fund Advisors now owns 339,085 shares of the company’s stock worth $10,864,000 after buying an additional 9,320 shares during the period. BlackRock Advisors LLC increased its stake in The York Water by 55.1% in the second quarter. BlackRock Advisors LLC now owns 6,161 shares of the company’s stock worth $197,000 after buying an additional 2,189 shares during the period. Finally, Vanguard Group Inc. increased its stake in The York Water by 6.6% in the second quarter. Vanguard Group Inc. now owns 501,884 shares of the company’s stock worth $16,080,000 after buying an additional 30,983 shares during the period. Institutional investors and hedge funds own 31.24% of the company’s stock.
Separately, Zacks Investment Research cut The York Water from a “hold” rating to a “sell” rating in a research report on Tuesday, August 16th.
About The York Water
The York Water Company is an investor-owned water utility. The Company impounds, purifies and distributes water. The Company owns and operates approximately two wastewater collection and treatment systems. It operates within its franchised territory, which covers over 40 municipalities within York County, Pennsylvania and over nine municipalities within Adams County, Pennsylvania.
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