The York Water Co. (YORW) CEO Jeffrey R. Hines Buys 517 Shares
The York Water Co. (NASDAQ:YORW) CEO Jeffrey R. Hines bought 517 shares of the stock in a transaction on Friday, October 14th. The shares were acquired at an average cost of $29.42 per share, with a total value of $15,210.14. Following the acquisition, the chief executive officer now directly owns 48,129 shares in the company, valued at approximately $1,415,955.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
The York Water Co. (NASDAQ:YORW) traded up 3.97% during mid-day trading on Monday, reaching $30.15. 41,407 shares of the company’s stock were exchanged. The firm has a market cap of $388.00 million, a price-to-earnings ratio of 31.28 and a beta of 0.49. The stock has a 50-day moving average of $29.16 and a 200-day moving average of $29.67. The York Water Co. has a 12 month low of $22.18 and a 12 month high of $33.40.
The York Water (NASDAQ:YORW) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. The business had revenue of $11.80 million for the quarter, compared to analyst estimates of $12.08 million. The York Water had a net margin of 26.27% and a return on equity of 11.29%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. Analysts anticipate that The York Water Co. will post $0.95 earnings per share for the current year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/the-york-water-co-yorw-ceo-jeffrey-r-hines-buys-517-shares.html
The company also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were given a dividend of $0.1555 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.62 annualized dividend and a dividend yield of 2.14%. The York Water’s dividend payout ratio is 63.92%.
Separately, Zacks Investment Research raised shares of The York Water from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th.
Several hedge funds have recently bought and sold shares of the company. BlackRock Group LTD purchased a new stake in The York Water during the second quarter valued at about $108,000. BlackRock Advisors LLC raised its stake in The York Water by 55.1% in the second quarter. BlackRock Advisors LLC now owns 6,161 shares of the company’s stock valued at $197,000 after buying an additional 2,189 shares in the last quarter. Baird Financial Group Inc. purchased a new stake in The York Water during the second quarter valued at about $210,000. Janney Montgomery Scott LLC purchased a new stake in The York Water during the second quarter valued at about $211,000. Finally, Royal Bank of Canada raised its stake in The York Water by 73.3% in the first quarter. Royal Bank of Canada now owns 7,778 shares of the company’s stock valued at $238,000 after buying an additional 3,290 shares in the last quarter. Institutional investors and hedge funds own 31.01% of the company’s stock.
The York Water Company Profile
The York Water Company is an investor-owned water utility. The Company impounds, purifies and distributes water. The Company owns and operates approximately two wastewater collection and treatment systems. It operates within its franchised territory, which covers over 40 municipalities within York County, Pennsylvania and over nine municipalities within Adams County, Pennsylvania.
Receive News & Ratings for The York Water Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The York Water Co. and related companies with MarketBeat.com's FREE daily email newsletter.