Insider Selling: China Yuchai International (NYSE:CYD) CFO Sells $619,740.00 in Stock

China Yuchai International Limited (NYSE:CYD) CFO Choon Sen Loo sold 13,200 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $46.95, for a total transaction of $619,740.00. Following the completion of the sale, the chief financial officer owned 13,200 shares in the company, valued at approximately $619,740. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

China Yuchai International Stock Performance

Shares of NYSE CYD opened at $45.36 on Monday. The firm’s 50-day moving average price is $47.14 and its 200-day moving average price is $46.80. China Yuchai International Limited has a 12-month low of $28.47 and a 12-month high of $61.48.

China Yuchai International Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, July 28th. Shareholders of record on Friday, July 17th were given a dividend of $0.87 per share. This represents a yield of 198.0%. This is a boost from China Yuchai International’s previous annual dividend of $0.53. The ex-dividend date was Friday, July 17th.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CYD shares. Wall Street Zen upgraded China Yuchai International from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Greenridge Global upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Zacks Research downgraded China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 16th. Citigroup raised shares of China Yuchai International to a “buy” rating in a research note on Monday, July 27th. Finally, Weiss Ratings upgraded shares of China Yuchai International from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $60.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in shares of China Yuchai International during the second quarter valued at approximately $48,000. Public Employees Retirement Association of Colorado purchased a new position in China Yuchai International during the 4th quarter valued at $50,000. Advisory Services Network LLC purchased a new position in China Yuchai International during the 3rd quarter valued at $66,000. Deutsche Bank AG purchased a new position in China Yuchai International during the 4th quarter valued at $67,000. Finally, Blue Trust Inc. bought a new position in China Yuchai International in the 1st quarter valued at $69,000.

China Yuchai International Company Profile

China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.

The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.