China Yuchai International Limited (NYSE:CYD) Receives Average Rating of “Buy” from Brokerages

China Yuchai International Limited (NYSE:CYD) has been given a consensus rating of “Buy” by the five ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $60.00.

A number of equities analysts have recently issued reports on the stock. 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. Zacks Research raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 14th. Weiss Ratings lowered China Yuchai International from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Citigroup raised China Yuchai International to a “buy” rating in a research report on Monday, July 27th. Finally, Wall Street Zen upgraded China Yuchai International from a “hold” rating to a “buy” rating in a report on Saturday.

Insider Activity

In other China Yuchai International news, CFO Loo Sen sold 13,200 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $46.95, for a total value of $619,740.00. Following the completion of the transaction, the chief financial officer directly owned 13,200 shares in the company, valued at approximately $619,740. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Neo Kiat sold 8,000 shares of the 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 sale, the director directly owned 8,000 shares of the company’s stock, valued at approximately $365,520. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Investors Weigh In On China Yuchai International

A number of hedge funds and other institutional investors have recently bought and sold shares of CYD. Matthews International Capital Management LLC raised its holdings in shares of China Yuchai International by 423.7% in the first quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock worth $12,475,000 after buying an additional 262,165 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of China Yuchai International by 23.4% during the first quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock valued at $13,229,000 after buying an additional 65,109 shares during the last quarter. Inspire Investing LLC acquired a new position in shares of China Yuchai International in the 1st quarter valued at $1,653,000. Pinpoint Asset Management Singapore Pte. Ltd. increased its position in shares of China Yuchai International by 351.8% in the 4th quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 46,196 shares of the company’s stock valued at $1,640,000 after acquiring an additional 35,971 shares during the period. Finally, Dorsey Wright & Associates increased its position in shares of China Yuchai International by 41.6% in the 1st quarter. Dorsey Wright & Associates now owns 90,208 shares of the company’s stock valued at $3,473,000 after acquiring an additional 26,482 shares during the period.

China Yuchai International Trading Down 3.6%

Shares of China Yuchai International stock opened at $33.75 on Wednesday. The firm’s 50-day moving average is $42.91 and its two-hundred day moving average is $45.01. 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. Investors of record on Friday, July 17th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Friday, July 17th. This is an increase from China Yuchai International’s previous annual dividend of $0.53. This represents a yield of 198.0%.

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.