Jeffrey R. Hines Buys 560 Shares of York Water Co (YORW) Stock
York Water Co (NASDAQ:YORW) CEO Jeffrey R. Hines purchased 560 shares of the business’s stock in a transaction dated Tuesday, January 15th. The stock was bought at an average cost of $30.10 per share, for a total transaction of $16,856.00. Following the purchase, the chief executive officer now owns 52,877 shares in the company, valued at $1,591,597.70. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
YORW opened at $32.02 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.43 and a quick ratio of 0.38. York Water Co has a 12 month low of $27.45 and a 12 month high of $36.10. The firm has a market capitalization of $404.38 million, a P/E ratio of 30.66 and a beta of 0.24.
York Water (NASDAQ:YORW) last released its quarterly earnings data on Friday, November 2nd. The utilities provider reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. York Water had a net margin of 27.15% and a return on equity of 10.88%. The business had revenue of $12.70 million during the quarter, compared to analysts’ expectations of $12.44 million. As a group, sell-side analysts forecast that York Water Co will post 1 earnings per share for the current fiscal year.
YORW has been the topic of a number of analyst reports. BidaskClub downgraded York Water from a “sell” rating to a “strong sell” rating in a research note on Friday, September 21st. Boenning Scattergood reissued an “outperform” rating on shares of York Water in a research note on Thursday, October 11th. ValuEngine raised York Water from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Zacks Investment Research upgraded shares of York Water from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Finally, Janney Montgomery Scott began coverage on shares of York Water in a research report on Friday. They issued a “buy” rating and a $35.00 price objective for the company. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $35.00.
A number of hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its holdings in York Water by 1.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 101,583 shares of the utilities provider’s stock worth $3,089,000 after purchasing an additional 1,848 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of York Water by 10.1% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,849 shares of the utilities provider’s stock valued at $664,000 after acquiring an additional 2,010 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of York Water by 22.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 14,935 shares of the utilities provider’s stock valued at $454,000 after acquiring an additional 2,786 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of York Water by 12.3% in the 4th quarter. Fulton Bank N.A. now owns 27,293 shares of the utilities provider’s stock valued at $875,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Boenning & Scattergood Inc. grew its holdings in shares of York Water by 19.8% in the 3rd quarter. Boenning & Scattergood Inc. now owns 18,172 shares of the utilities provider’s stock valued at $552,000 after acquiring an additional 3,002 shares in the last quarter. Hedge funds and other institutional investors own 35.11% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://theolympiareport.com/2019/01/19/jeffrey-r-hines-buys-560-shares-of-york-water-co-yorw-stock.html.
York Water Company Profile
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.
Featured Story: What is the Dividend Aristocrat Index?
Receive News & Ratings for York Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for York Water and related companies with MarketBeat.com's FREE daily email newsletter.