York Water Co (NASDAQ:YORW) CEO Jeffrey R. Hines bought 566 shares of York Water stock in a transaction dated Monday, October 15th. The stock was purchased at an average price of $28.60 per share, for a total transaction of $16,187.60. Following the purchase, the chief executive officer now directly owns 52,377 shares in the company, valued at approximately $1,497,982.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of NASDAQ YORW opened at $31.75 on Wednesday. The stock has a market cap of $392.62 million, a P/E ratio of 29.23 and a beta of 0.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.43 and a current ratio of 0.48. York Water Co has a 12-month low of $27.45 and a 12-month high of $39.00.
York Water (NASDAQ:YORW) last issued its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The business had revenue of $12.03 million for the quarter. York Water had a net margin of 27.42% and a return on equity of 11.14%.
Several equities research analysts have recently commented on the stock. Boenning Scattergood restated an “outperform” rating on shares of York Water in a research note on Thursday, October 11th. BidaskClub upgraded shares of York Water from a “sell” rating to a “hold” rating in a research note on Friday, June 22nd.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Deprince Race & Zollo Inc. acquired a new position in York Water during the 3rd quarter worth about $871,000. Boenning & Scattergood Inc. lifted its position in York Water by 19.8% during the 3rd quarter. Boenning & Scattergood Inc. now owns 18,172 shares of the utilities provider’s stock worth $552,000 after buying an additional 3,002 shares in the last quarter. Fulton Bank N.A. lifted its position in York Water by 51.9% during the 3rd quarter. Fulton Bank N.A. now owns 24,293 shares of the utilities provider’s stock worth $738,000 after buying an additional 8,300 shares in the last quarter. Northern Trust Corp lifted its position in York Water by 2.1% during the 2nd quarter. Northern Trust Corp now owns 174,467 shares of the utilities provider’s stock worth $5,548,000 after buying an additional 3,573 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in York Water by 4.1% during the 2nd quarter. Renaissance Technologies LLC now owns 196,200 shares of the utilities provider’s stock worth $6,239,000 after buying an additional 7,800 shares in the last quarter. Institutional investors and hedge funds own 34.37% of the company’s stock.
About York Water
The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water.
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