China Yuchai International (NYSE:CYD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of China Yuchai International (NYSE:CYD) from a hold rating to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

A number of other research firms have also recently commented on CYD. Greenridge Global raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Citigroup raised China Yuchai International to a “buy” rating in a report on Monday, July 27th. Weiss Ratings downgraded China Yuchai International from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, September 8th. Finally, Zacks Research upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 14th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $60.00.

China Yuchai International Price Performance

Shares of NYSE:CYD opened at $35.09 on Friday. The company’s 50-day moving average is $43.17 and its 200 day moving average is $45.08. China Yuchai International has a fifty-two week low of $28.65 and a fifty-two week high of $61.48.

China Yuchai International Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, July 28th. Stockholders of record on Friday, July 17th were given a $0.87 dividend. This represents a dividend 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.

Insiders Place Their Bets

In related news, CFO Loo Sen sold 13,200 shares of the 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 sale, the chief financial officer owned 13,200 shares of the company’s stock, valued at approximately $619,740. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Neo Kiat sold 8,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $45.69, for a total value of $365,520.00. Following the sale, the director directly owned 8,000 shares in the company, valued at $365,520. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing.

Hedge Funds Weigh In On China Yuchai International

A number of large investors have recently modified their holdings of the company. Engineers Gate Manager LP lifted its stake in China Yuchai International by 25.7% in the 2nd quarter. Engineers Gate Manager LP now owns 32,487 shares of the company’s stock worth $1,540,000 after purchasing an additional 6,647 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of China Yuchai International during the 2nd quarter valued at $280,000. BTG Pactual Asset Management US LLC bought a new position in shares of China Yuchai International in the second quarter worth $211,000. Susquehanna Fundamental Investments LLC bought a new stake in China Yuchai International during the second quarter valued at $455,000. Finally, World Equity Group Inc. bought a new stake in China Yuchai International during the second quarter valued at $315,000.

China Yuchai International Company Profile

China Yuchai International Limited is a Cayman Islands-based holding company whose principal operating subsidiary is Guangxi Yuchai Machinery Company Limited, one of China’s major manufacturers of diesel and natural-gas engines. The company designs, develops, manufactures and sells engines for commercial vehicles, passenger vehicles, buses, construction and agricultural equipment, marine applications, and power-generation systems.

China Yuchai’s product portfolio includes engines across a range of power requirements, along with related components, spare parts and services.