Four insiders of Pennsylvania-based York Water Company (
) have reported purchasing company shares, reported Jan. 16
GuruFocus Insider Buys
. The four buys will add onto the other eight purchases York
insiders have made since the start of the year.
York Water Company has exhibited an active insider trade activity
over the years. From the trend displayed in the chart, insider
purchases seem to surge every couple of months for the company.
The most occurred in July 2011, when 18 insiders purchased shares
out of the entire month.
The four recent buys were relatively small in amount, consisting
shares by CFO Kathleen Miller
shares by Vice President of Engineering, Mark Snyder
shares by Vice President of Operations, John Strine
shares by Vice President of Human Resources, Bruce McIntosh
With a market cap of $236.6 million, York engages in the business
of impounding, purifying and distributing water. The company
operates entirely within its franchised territory, according to
yorkwater.com, which covers 33 municipalities within York County,
In November, the company announced its third quarter earnings.
York's operating revenue of $11 million increased by $574,000,
and its net income of $2.8 million increased by $396,000, both
compared to the third quarter of 2011. Its earnings per share
increased by 3 cents.
The company completed two water system acquisitions in 2012,
which will upgrade its water treatment and enterprise systems and
maintain proper handling and disposal of wastewater for the
company's growing customer base.
On Jan. 15, the company distributed $0.1238 per share, which is
an increase from the previous payout by 3.5 percent. This is the
dividend after 196 consecutive years, which the company promotes
is the longest dividend record in America.
With a dividend yield of 2.95 percent, York's 10-year revenue
growth rate is 5.1 percent, and its 10-year EBITDA growth rate is
6.6 percent, according to
GuruFocus ranks the company 5 stars in Business Predictability, 4
in Financial Strength and 8 in Profitability and Growth.
is the only Guru right now who holds the stock, with 54,000
shares representing 0.42 percent of his portfolio.
In the last year, York's market value has gone up about 5
percent. Currently, York's stock is down 0.11 percent, at the
price of $18.30.
View the rest of York Water Company's insider activity on
YORW: Insider Trades
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