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

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

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of China Yuchai International from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. 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. Weiss Ratings downgraded shares of China Yuchai International from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. Finally, Greenridge Global upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th.

Insider Buying and Selling

In other news, Director Neo Kiat sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $45.69, for a total value of $365,520.00. Following the transaction, the director 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. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Loo Sen sold 13,200 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer owned 13,200 shares of the company’s stock, valued at $619,740. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information.

Hedge Funds Weigh In On China Yuchai International

A number of large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in shares of China Yuchai International by 23.4% in the first quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock valued at $13,229,000 after acquiring an additional 65,109 shares in the last quarter. Matthews International Capital Management LLC raised its holdings in China Yuchai International by 423.7% during the first quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock worth $12,475,000 after purchasing an additional 262,165 shares in the last quarter. Dorsey Wright & Associates raised its holdings in China Yuchai International by 41.6% during the first quarter. Dorsey Wright & Associates now owns 90,208 shares of the company’s stock worth $3,473,000 after purchasing an additional 26,482 shares in the last quarter. Diversify Wealth Management LLC lifted its position in China Yuchai International by 41.2% in the first quarter. Diversify Wealth Management LLC now owns 76,412 shares of the company’s stock valued at $3,063,000 after purchasing an additional 22,305 shares during the period. Finally, Sei Investments Co. boosted its holdings in China Yuchai International by 30.6% in the 1st quarter. Sei Investments Co. now owns 45,223 shares of the company’s stock valued at $1,741,000 after purchasing an additional 10,600 shares in the last quarter.

China Yuchai International Price Performance

CYD stock opened at $35.05 on Wednesday. The business has a 50 day simple moving average of $41.77 and a 200-day simple moving average of $44.61. China Yuchai International has a twelve month low of $28.65 and a twelve month high of $61.48.

China Yuchai International Increases Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, July 28th. Shareholders of record on Friday, July 17th were paid a $0.87 dividend. This is an increase from China Yuchai International’s previous annual dividend of $0.53. The ex-dividend date was Friday, July 17th. This represents a dividend 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.