Insider Selling: China Yuchai International (NYSE:CYD) Director Sells 8,000 Shares

China Yuchai International Limited (NYSE:CYD) Director Poh Kiat Neo sold 8,000 shares of China Yuchai International stock in a transaction on Monday, August 17th. The stock was sold at an average price of $45.69, for a total transaction of $365,520.00. Following the transaction, the director directly owned 8,000 shares of the company’s stock, valued at approximately $365,520. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

China Yuchai International Trading Up 2.5%

NYSE:CYD opened at $46.35 on Tuesday. China Yuchai International Limited has a one year low of $28.65 and a one year high of $61.48. The firm’s fifty day moving average price is $46.93 and its two-hundred day moving average price is $46.79.

China Yuchai International Increases Dividend

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

Hedge Funds Weigh In On China Yuchai International

Institutional investors and hedge funds have recently modified their holdings of the business. Personal CFO Solutions LLC increased its position in China Yuchai International by 2.9% during the first quarter. Personal CFO Solutions LLC now owns 10,568 shares of the company’s stock worth $407,000 after acquiring an additional 293 shares during the period. State of Wyoming boosted its holdings in 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 boosted its holdings in 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 grew its position in shares of China Yuchai International by 1.7% during the 4th quarter. AdvisorShares Investments LLC now owns 43,852 shares of the company’s stock worth $1,557,000 after purchasing an additional 752 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado acquired a new position in shares of China Yuchai International during the 4th quarter worth approximately $50,000.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CYD. Wall Street Zen raised shares of 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 report on Thursday, July 16th. Greenridge Global raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Citigroup upgraded China Yuchai International to a “buy” rating in a research note on Monday, July 27th. Finally, Weiss Ratings raised China Yuchai International from a “hold (c-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $60.00.

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.