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

China Yuchai International Limited (NYSE:CYD) has received an average rating of “Buy” from the five brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $60.00.

A number of equities analysts have commented on the stock. Citigroup upgraded shares of China Yuchai International to a “buy” rating in a report on Monday, July 27th. Greenridge Global upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Zacks Research raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Friday, August 14th. Wall Street Zen lowered China Yuchai International from a “buy” rating to a “hold” rating in a research note on Saturday. 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.

China Yuchai International Price Performance

China Yuchai International stock opened at $39.96 on Friday. China Yuchai International has a fifty-two week low of $28.65 and a fifty-two week high of $61.48. The stock has a fifty day moving average of $46.30 and a two-hundred day moving average of $46.67.

China Yuchai International Increases Dividend

The business also recently declared an annual dividend, which was paid on Tuesday, July 28th. Investors 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 of this dividend was Friday, July 17th.

Insider Buying and Selling at China Yuchai International

In related news, CFO Choon Sen Loo sold 13,200 shares of China Yuchai International stock in a transaction dated Wednesday, August 12th. The stock was 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. 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 accessible through this link. Also, Director Poh Kiat Neo sold 8,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $45.69, for a total value of $365,520.00. Following the completion of the sale, the director directly owned 8,000 shares of the company’s stock, valued at approximately $365,520. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Institutional Investors Weigh In On China Yuchai International

Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado acquired a new position in shares of China Yuchai International in the 4th quarter valued at about $50,000. Advisory Services Network LLC acquired a new stake in China Yuchai International during the third quarter worth about $66,000. Blue Trust Inc. acquired a new stake in China Yuchai International during the first quarter worth about $69,000. Deutsche Bank AG bought a new position in China Yuchai International in the fourth quarter worth about $67,000. Finally, Assetmark Inc. grew its holdings in shares of China Yuchai International by 12,312.5% during the fourth quarter. Assetmark Inc. now owns 1,986 shares of the company’s stock valued at $71,000 after purchasing an additional 1,970 shares during the last quarter.

China Yuchai International Company Profile

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.