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

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

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 shares were purchased at an average price of $29.53 per share, for a total transaction of $738.25.

York Water Price Performance

Shares of NASDAQ:YORW opened at $33.06 on Tuesday. The company has a market capitalization of $536.56 million, a P/E ratio of 20.53 and a beta of 0.60. The York Water Company has a 1-year low of $28.26 and a 1-year high of $34.30. The firm’s 50 day simple moving average is $30.92 and its two-hundred day simple moving average is $31.01. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 0.88.

York Water (NASDAQ:YORW) last announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.49 earnings per share (EPS) 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 analysts’ expectations of $22.18 million. York Water had a net margin of 28.53% and a return on equity of 9.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on YORW shares. Weiss Ratings raised York Water from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Cantor Fitzgerald set a $31.00 price objective on York Water in a research note on Monday, August 10th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $31.00.

Institutional Trading of York Water

A number of institutional investors and hedge funds have recently bought and sold shares of YORW. Allworth Financial LP bought a new position in shares of York Water during the 2nd quarter valued at about $29,000. Advisory Services Network LLC purchased a new position in shares of York Water during the third quarter valued at about $31,000. Parallel Advisors LLC increased its holdings in shares of York Water by 589.5% in the third quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 1,008 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of York Water by 62.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,148 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 441 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of 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 worth $45,000 after buying an additional 656 shares in the last quarter. 49.86% of the stock is currently owned by institutional investors.

York Water Company Profile

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.