Key Points
- York Water CEO Joseph Thomas Hand sold 8,000 shares at an average price of $33.28, generating $266,240 and reducing his direct ownership by 18.47% to 35,308 shares.
- York Water exceeded quarterly expectations, reporting EPS of $0.49 versus the $0.40 consensus and revenue of $23.52 million versus $22.18 million expected.
- Analysts maintain a consensus “Hold” rating with an average price target of $31, below the stock’s $33.06 opening price; institutional investors own 49.86% of the company.
The York Water Company (NASDAQ:YORW - Get Free Report) CEO Joseph Thomas Hand sold 8,000 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $33.28, for a total value of $266,240.00. Following the sale, the chief executive officer directly owned 35,308 shares in the company, valued at $1,175,050.24. This trade represents a 18.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Joseph Thomas Hand also recently made the following trade(s):
- On Friday, June 19th, Joseph Thomas Hand bought 25 shares of York Water stock. The stock was acquired at an average cost of $29.53 per share, with a total value of $738.25.
York Water Trading Down 0.8%
Shares of YORW opened at $33.06 on Tuesday. The company's fifty day moving average is $30.92 and its 200 day moving average is $31.01. The York Water Company has a fifty-two week low of $28.26 and a fifty-two week high of $34.30. The stock has a market capitalization of $536.56 million, a PE ratio of 20.53 and a beta of 0.60. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.88 and a current ratio of 1.05.
York Water (NASDAQ:YORW - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.09. York Water had a net margin of 28.53% and a return on equity of 9.38%. The company had revenue of $23.52 million for the quarter, compared to the consensus estimate of $22.18 million.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. Cantor Fitzgerald set a $31.00 price target on shares of York Water in a report on Monday, August 10th. Weiss Ratings raised York Water from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $31.00.
Read Our Latest Stock Report on York Water
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in shares of York Water by 80.8% during the 1st quarter. Renaissance Technologies LLC now owns 204,036 shares of the utilities provider's stock worth $6,213,000 after purchasing an additional 91,200 shares during the period. Arrowstreet Capital Limited Partnership raised its position in York Water by 36.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 326,730 shares of the utilities provider's stock worth $9,949,000 after purchasing an additional 86,917 shares during the period. John G Ullman & Associates Inc. bought a new stake in York Water in the fourth quarter worth about $1,180,000. CenterBook Partners LP boosted its position in shares of York Water by 156.1% during the fourth quarter. CenterBook Partners LP now owns 88,060 shares of the utilities provider's stock valued at $2,804,000 after buying an additional 53,677 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of York Water by 3.6% during the fourth quarter. Legal & General Group Plc now owns 393,352 shares of the utilities provider's stock valued at $12,524,000 after buying an additional 13,660 shares during the last quarter. 49.86% of the stock is owned by hedge funds and other institutional investors.
About York Water
(
Get Free Report)
York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company's principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.
York Water Company's service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.
Further Reading
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