Joseph Thomas Hand Purchases 300 Shares of York Water Co (NASDAQ:YORW) Stock

York Water Co (NASDAQ:YORW) COO Joseph Thomas Hand purchased 300 shares of York Water stock in a transaction on Thursday, September 19th. The stock was acquired at an average cost of $40.93 per share, for a total transaction of $12,279.00. Following the acquisition, the chief operating officer now directly owns 14,883 shares of the company’s stock, valued at $609,161.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Joseph Thomas Hand also recently made the following trade(s):

  • On Tuesday, July 16th, Joseph Thomas Hand purchased 225 shares of York Water stock. The stock was acquired at an average cost of $33.39 per share, for a total transaction of $7,512.75.

NASDAQ:YORW opened at $42.58 on Wednesday. The firm has a 50 day simple moving average of $38.28 and a 200-day simple moving average of $35.60. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.82. The firm has a market cap of $552.52 million, a PE ratio of 40.94 and a beta of 0.17. York Water Co has a 1-year low of $29.88 and a 1-year high of $42.79.



York Water (NASDAQ:YORW) last posted its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. The business had revenue of $13.05 million during the quarter, compared to analyst estimates of $12.00 million. York Water had a net margin of 28.21% and a return on equity of 11.06%. As a group, sell-side analysts expect that York Water Co will post 1.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.173 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, September 27th. York Water’s dividend payout ratio is presently 66.35%.

Several analysts have issued reports on YORW shares. Zacks Investment Research reaffirmed a “buy” rating and issued a $42.00 price target on shares of York Water in a report on Sunday, September 8th. BidaskClub raised shares of York Water from a “hold” rating to a “buy” rating in a research report on Wednesday, September 18th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $39.50.

Large investors have recently bought and sold shares of the company. Nuveen Asset Management LLC acquired a new position in York Water during the 2nd quarter valued at about $1,908,000. Tortoise Capital Advisors L.L.C. increased its stake in York Water by 2,848.8% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,209 shares of the utilities provider’s stock valued at $43,000 after buying an additional 1,168 shares during the period. Vanguard Group Inc. increased its stake in York Water by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 710,318 shares of the utilities provider’s stock valued at $25,371,000 after buying an additional 3,359 shares during the period. BlackRock Inc. increased its stake in York Water by 6.3% during the 2nd quarter. BlackRock Inc. now owns 809,717 shares of the utilities provider’s stock valued at $28,923,000 after buying an additional 47,829 shares during the period. Finally, Northern Trust Corp increased its stake in York Water by 1.8% during the 2nd quarter. Northern Trust Corp now owns 179,611 shares of the utilities provider’s stock valued at $6,415,000 after buying an additional 3,229 shares during the period. 37.02% of the stock is owned by institutional investors and hedge funds.

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 hold approximately 2.2 billion gallons of water. In addition, the company has a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns seven wells that supply water to its customers in Carroll Valley Borough and Cumberland Township, Adams County.

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