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.
|Insider||Position||Shares||Share Price||Transaction Amount||Total Shares||Price Change Since Trade|
|Bruce McIntosh||VP-Human Resources||194||$18.42||$3,573.48||5,112||+14.66%|
|Vernon Bracey||VP-Customer Service||2||$18.46||$36.92||59||+14.41%|
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:
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.
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:
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.
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- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.