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

The York Water Company (NASDAQ:YORW) CEO Joseph Thomas Hand sold 8,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $33.28, for a total transaction of $266,240.00. Following the completion of the sale, the chief executive officer owned 35,308 shares of the company’s stock, valued at $1,175,050.24. The trade was a 18.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through 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 shares were bought at an average price of $29.53 per share, with a total value of $738.25.

York Water Stock Performance

Shares of YORW 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 York Water Company has a 1-year low of $28.26 and a 1-year high of $34.30. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.88 and a current ratio of 1.05. The stock has a market cap of $532.38 million, a P/E ratio of 20.37 and a beta of 0.60. The stock’s fifty day moving average is $30.85 and its 200 day moving average is $31.01.

York Water (NASDAQ:YORW) last posted its quarterly 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. York Water had a net margin of 28.53% and a return on equity of 9.38%. The firm had revenue of $23.52 million for the quarter, compared to the consensus estimate of $22.18 million.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On York Water

Several institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of York Water by 8.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,476 shares of the utilities provider’s stock worth $398,000 after purchasing an additional 937 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in York Water in the 1st quarter worth approximately $263,000. Jane Street Group LLC bought a new stake in York Water in the 1st quarter worth $498,000. Arrowstreet Capital Limited Partnership raised its position in York Water by 36.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 63,823 shares of the utilities provider’s stock valued at $2,017,000 after purchasing an additional 17,181 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in York Water by 208.3% in the second quarter. Quantinno Capital Management LP now owns 18,862 shares of the utilities provider’s stock worth $596,000 after acquiring an additional 12,743 shares during the period. 49.86% of the stock is owned by hedge funds and other 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.