China Yuchai International (NYSE:CYD) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of China Yuchai International (NYSE:CYD) from a buy rating to a hold rating in a research report released on Saturday morning.

Several other equities research analysts have also recently commented on the stock. Zacks Research upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th. Weiss Ratings raised shares of China Yuchai International from a “hold (c-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Citigroup raised shares of China Yuchai International to a “buy” rating in a research report on Monday, July 27th. Finally, Greenridge Global upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $60.00.

China Yuchai International Stock Down 2.8%

NYSE CYD opened at $38.75 on Friday. The company has a 50 day moving average of $46.04 and a 200-day moving average of $46.61. China Yuchai International has a 1-year low of $28.65 and a 1-year high of $61.48.

China Yuchai International Increases Dividend

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

Insider Buying and Selling at China Yuchai International

In related news, CFO Choon Sen Loo sold 13,200 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $46.95, for a total value of $619,740.00. Following the transaction, the chief financial officer directly owned 13,200 shares in the company, valued at $619,740. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Poh Kiat Neo sold 8,000 shares of the firm’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 completion of the transaction, the director directly owned 8,000 shares in the company, valued at approximately $365,520. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Investors Weigh In On China Yuchai International

Several large investors have recently made changes to their positions in CYD. Goldman Sachs Group Inc. purchased a new stake in shares of China Yuchai International during the 1st quarter worth approximately $422,000. Jane Street Group LLC bought a new position in shares of China Yuchai International in the first quarter worth approximately $1,409,000. JPMorgan Chase & Co. bought a new position in shares of China Yuchai International in the 2nd quarter worth $1,278,000. Quantbot Technologies LP purchased a new stake in China Yuchai International during the second quarter valued at about $48,000. Finally, Jump Financial LLC bought a new stake in shares of China Yuchai International in the 2nd quarter worth approximately $891,000.

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.