In a recent transaction, Mark S. Snyder, the Vice President of Engineering at York Water Co (NASDAQ:YORW), expanded his stake in the company. On July 16, 2024, Snyder acquired 9.196 shares of common stock at a price of $35.3424 per share, amounting to a total investment of $325.
This purchase is part of the ongoing financial activities of company executives, which are regularly disclosed to the public. It's worth noting that the shares acquired by Snyder include those obtained under The York Water Company (NASDAQ:YORW) dividend reinvestment plan, as indicated in the footnotes of the filing.
York Water Co, based in York, Pennsylvania, operates within the water supply sector and is incorporated in the state. The company has a long-standing history and has been associated with the community for many years.
Investors often monitor the buying and selling activities of company insiders as these transactions can provide insights into the executives' confidence in the company's future prospects. The recent purchase by Snyder is a sign of his commitment to the company and could be interpreted as a positive signal by the market.
As of the latest transaction, Snyder's ownership in York Water Co has increased, reflecting his positive outlook on the company's performance and growth potential. The details of these transactions are made available to the public through filings with the Securities and Exchange Commission, providing transparency and allowing investors to stay informed about significant insider trades.
InvestingPro Insights
York Water Co (NASDAQ:YORW) has been making waves in the water supply sector with a series of notable financial developments. In light of the recent insider trading activity, where Vice President of Engineering Mark S. Snyder increased his stake in the company, it's essential to look at some of the key metrics and insights that could further inform investors about the company's standing.
One of the standout features of York Water Co is its impressive track record of dividend payments. The company has not only maintained dividend payments but has also raised its dividend for 27 consecutive years, demonstrating a strong commitment to returning value to shareholders. This is complemented by an attractive gross profit margin of 75.34% in the last twelve months as of Q1 2024, according to InvestingPro data. Such a high margin indicates efficient operations and solid control over costs.
The company's stock performance has also been robust, with a strong return over the last three months, showcasing a 19.7% price total return. This is a testament to the company's market resilience and could be a harbinger of continued growth. Additionally, York Water Co's P/E ratio stands at 23.59, which when paired with a PEG ratio of 0.94 in the same period, suggests that the stock may be trading at a reasonable valuation relative to its earnings growth.
For investors seeking further insights, there are additional InvestingPro Tips available, such as the company's overbought status indicated by the RSI and its trading at a high revenue valuation multiple. To explore these tips and more, investors can visit https://www.investing.com/pro/YORW. Moreover, users can take advantage of a special offer using the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription. With 7 additional InvestingPro Tips listed, savvy investors can gain a comprehensive understanding of the company's financial health and future prospects.
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