In a recent transaction, Alexandra C. Chiaruttini, the Chief Accounting Officer and General Counsel of York Water Co (NASDAQ:YORW), has increased her stake in the company through the acquisition of shares. On July 16, 2024, Chiaruttini purchased 36.784 shares of common stock at a price of $35.3424 per share, amounting to a total investment of approximately $1,300.
This transaction reflects a continued confidence in the company by one of its top executives. Following this purchase, Chiaruttini's total holdings in York Water Co have reached 3,401.364 shares. It is noted that the acquired shares include those obtained under The York Water Company (NASDAQ:YORW) dividend reinvestment plan, as indicated in the footnotes of the filing.
York Water Co, with its headquarters located at 130 East Market Street, York, Pennsylvania, operates within the water supply sector and is known for providing high-quality water services.
Investors often monitor the buying and selling activities of a company's executives as it can provide insights into their perspective on the company's future performance. The transaction was officially filed on July 17, 2024, and details of the purchase are now publicly available for shareholders and potential investors to review.
The acquisition by Chiaruttini is a demonstration of her commitment to the company's growth and a signal that may be interpreted positively by the market. As with all investments, shareholders and potential investors are encouraged to consider the context of such transactions within the broader market and company performance.
InvestingPro Insights
Amidst the recent insider buying activity at York Water Co (NASDAQ:YORW), investors seeking deeper insights into the company's financial health can benefit from the latest data and analysis provided by InvestingPro. With Chief Accounting Officer and General Counsel Alexandra C. Chiaruttini's increased stake in the company, it's worth noting that York Water Co has a strong track record of dividend reliability and growth, having raised its dividend for 27 consecutive years and maintained dividend payments for 51 consecutive years—an indicator of the company's financial stability and commitment to shareholder returns.
The current market capitalization of York Water Co stands at 587.27 million USD, with a P/E ratio of 23.99, reflecting a valuation that is in line with near-term earnings growth. Additionally, the company's impressive gross profit margin of 75.34% over the last twelve months as of Q1 2024, combined with a PEG ratio of 0.94, suggests that the stock may be trading at a reasonable price relative to its earnings growth potential. Moreover, with a strong return over the last three months of 19.7%, the company's stock performance has been robust, which could be a positive sign for investors.
For those interested in further analysis, there are additional InvestingPro Tips available that delve into aspects like the company's RSI and revenue valuation multiple. With the use of the coupon code PRONEWS24, investors can get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription to access more exclusive insights. Currently, InvestingPro offers a total of 7 additional tips for York Water Co, which can be found at: https://www.investing.com/pro/YORW.
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