China Yuchai International (NYSE:CYD) Shares Gap Up After Analyst Upgrade

China Yuchai International Limited (NYSE:CYD) shares gapped up prior to trading on Monday after Greenridge Global upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $45.07, but opened at $48.18. China Yuchai International shares last traded at $47.86, with a volume of 23,139 shares traded.

A number of other analysts have also recently commented on CYD. Citigroup upgraded shares of China Yuchai International to a “buy” rating in a research report on Monday. Wall Street Zen upgraded China Yuchai International from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Zacks Research cut China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 16th. Finally, Weiss Ratings downgraded China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $60.00.

Institutional Investors Weigh In On China Yuchai International

Several large investors have recently made changes to their positions in the stock. Personal CFO Solutions LLC boosted its stake in China Yuchai International by 2.9% in the 1st quarter. Personal CFO Solutions LLC now owns 10,568 shares of the company’s stock worth $407,000 after purchasing an additional 293 shares during the period. State of Wyoming raised its stake in shares of China Yuchai International by 9.8% in the 4th quarter. State of Wyoming now owns 4,956 shares of the company’s stock valued at $176,000 after purchasing an additional 443 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of China Yuchai International by 1.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 35,186 shares of the company’s stock valued at $1,355,000 after purchasing an additional 603 shares during the period. AdvisorShares Investments LLC lifted its holdings in shares of China Yuchai International by 1.7% in the fourth quarter. AdvisorShares Investments LLC now owns 43,852 shares of the company’s stock valued at $1,557,000 after purchasing an additional 752 shares in the last quarter. Finally, Burns Matteson Capital Management LLC lifted its holdings in shares of China Yuchai International by 12.0% in the fourth quarter. Burns Matteson Capital Management LLC now owns 10,544 shares of the company’s stock valued at $374,000 after purchasing an additional 1,128 shares in the last quarter.

China Yuchai International Trading Down 0.2%

The firm has a 50-day moving average price of $49.82 and a two-hundred day moving average price of $46.45.

China Yuchai International Increases Dividend

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

About China Yuchai International

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.