Poh Kiat Neo Sells 8,000 Shares of China Yuchai International (NYSE:CYD) Stock

China Yuchai International Limited (NYSE:CYD) Director Poh Kiat Neo sold 8,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $45.69, for a total transaction of $365,520.00. Following the transaction, the director owned 8,000 shares in the company, valued at $365,520. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

China Yuchai International Stock Down 5.1%

Shares of NYSE:CYD opened at $43.31 on Thursday. The firm’s 50 day simple moving average is $46.68 and its 200-day simple moving average is $46.76. China Yuchai International Limited has a one year low of $28.65 and a one year high of $61.48.

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 issued a $0.87 dividend. This is a boost from China Yuchai International’s previous annual dividend of $0.53. This represents a yield of 198.0%. The ex-dividend date was Friday, July 17th.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CYD. Greenridge Global raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Wall Street Zen raised shares of China Yuchai International from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. Zacks Research upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 14th. Citigroup raised shares of China Yuchai International to a “buy” rating in a report on Monday, July 27th. Finally, Weiss Ratings raised China Yuchai International from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $60.00.

Institutional Trading of China Yuchai International

A number of institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new position in shares of China Yuchai International in the second quarter worth $48,000. Public Employees Retirement Association of Colorado purchased a new position in China Yuchai International in the 4th quarter worth $50,000. Advisory Services Network LLC acquired a new stake in China Yuchai International during the 3rd quarter worth about $66,000. Deutsche Bank AG purchased a new stake in China Yuchai International during the 4th quarter valued at about $67,000. Finally, Blue Trust Inc. purchased a new stake in China Yuchai International during the 1st quarter valued at about $69,000.

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.