York Water (NASDAQ:YORW) CEO Joseph Thomas Hand Sells 8,000 Shares

The York Water Company (NASDAQ:YORW) CEO Joseph Thomas Hand sold 8,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $33.28, for a total transaction of $266,240.00. Following the transaction, the chief executive officer owned 35,308 shares in the company, valued at approximately $1,175,050.24. This trade represents a 18.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, June 19th, Joseph Thomas Hand purchased 25 shares of York Water stock. The stock was acquired at an average price of $29.53 per share, for a total transaction of $738.25.

York Water Stock Performance

Shares of YORW stock traded down $0.51 during trading hours on Monday, reaching $32.80. 17,553 shares of the company traded hands, compared to its average volume of 138,590. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 0.88. The York Water Company has a 12-month low of $28.26 and a 12-month high of $34.30. The firm has a 50-day moving average price of $30.85 and a 200 day moving average price of $31.01. The company has a market cap of $532.38 million, a P/E ratio of 20.37 and a beta of 0.60.

York Water (NASDAQ:YORW) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. The firm had revenue of $23.52 million during the quarter, compared to analyst estimates of $22.18 million. York Water had a net margin of 28.53% and a return on equity of 9.38%.

Hedge Funds Weigh In On York Water

Large investors have recently modified their holdings of the business. Allworth Financial LP purchased a new position in York Water during the second quarter worth about $29,000. Advisory Services Network LLC purchased a new stake in shares of York Water during the third quarter worth approximately $31,000. Parallel Advisors LLC raised its holdings in shares of York Water by 589.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 1,008 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in York Water by 62.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,148 shares of the utilities provider’s stock worth $37,000 after buying an additional 441 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in York Water by 86.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 656 shares in the last quarter. Institutional investors and hedge funds own 49.86% of the company’s stock.

Wall Street Analyst Weigh In

YORW has been the topic of several recent research reports. Cantor Fitzgerald set a $31.00 price objective on York Water in a research report on Monday, August 10th. Weiss Ratings upgraded York Water from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $31.00.

About York Water

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.