York Water Reports 12 Insider Buys as Price Hits 10-Year High

Author's Avatar
Jul 17, 2013
Over the past week, on July 15 and 16, there were 12 different insiders that made buys into the York Water Company (YORW). These buys come as the company is sitting at a 10-year high price.

The chart below shows the insiders’ purchases and the details of their purchases.

InsiderPositionSharesShare PriceTransaction AmountTotal SharesPrice Change Since Trade
Mark Snyder VP-Engineering 47 $18.32 $861.04 635 +15.28%
John Strine VP-Operations 57 $18.90 $1,077.30 5,272 +11.75%
Jeffrey Hines CEO/President 674 $18.76 $12,644.24 48,939 +12.58%
Bruce McIntosh VP-Human Resources 194 $18.42 $3,573.48 5,112 +14.66%
Kathleen Miller CFO 185 $18.45 $3,413.25 5,754 +14.47%
Vernon Bracey VP-Customer Service 2 $18.46 $36.92 59 +14.41%
Joseph Hand COO 185 $18.55 $3,431.75 8,168 +13.85%
Ernest Waters Director 1 $19.19 $19.19 104 +10.06%
Michael Gang Director 68 $19.19 $1,304.92 10,025 +10.06%
Jeffrey Osman Director 2 $19.19 $38.38 3,711 +10.06%
Cynthia Dotzel Director 40 $19.19 $767.60 11,012 +10.06%
John Finlayson Director 170 $19.19 $3,262.30 22,543 +10.06%


The insiders purchased a total of 1,625 shares for a cumulative transaction amount of $30,430.47. The company has a strong history of insider buying. As of the close of the first quarter approximately 2% of the company was owned by insiders.



The York Water Company is a supplier of water in Pennsylvania. The company supplies an average of 20 million gallons of water every day to approximately 65,000 residential, commercial and industrial customers in 33 communities across York County and Adams County. The company also impounds water in order to purify it to safe drinking water standards.

The company’s water service is supplied through the Company's own distribution system. The Company obtains its water supply from both the South Branch and East Branch of the Codorus Creek, which together have an average daily flow of 73.0 million gallons per day.

York Water Company’s historical price, revenue and net income:

1374097090165.png

In June, the company issued its 571st consecutive quarterly dividend. York Water Company is the oldest investor owned utility in the U.S. and has now paid dividends for 197 consecutive years beginning in 1816.

1374097328537.png

The GuruFocus analysis on York Water Company reports that the company has shown predictable revenue and earnings growth as well as an expansion in its operating margin. The price of the company has exceeded its previous 10-year high of $19.82. York Water Company’s P/E and P/S ratios are also trading near 5-year highs of 28.05 and 5.98 respectively.

The Peter Lynch Chart shows that York Water Company currently appears to be overvalued:

1374097561138.png

York Water Company has a market cap of $272.5 million. Its shares are currently being traded at around $21.12 with a P/E ratio of 28.70, a P/S ratio of 6.60 and a P/B ratio of 2.50. The dividend yield for York Water stocks is 2.60%. The company had an annual average earnings growth of 6.3% over the past ten years. GuruFocus rated York Water Company the business predictability rank of 4-star.

As of the first quarter, Jim Simons and Mario Gabelli maintained holdings in YORW. Click here to see their holding histories.

You can search for group insider buying by using the GuruFocus All-in-One Screener. Also, check out GuruFocus’ Insider Trades page here.

Try a free 7-day trial of GuruFocus’ Premium Membership here!