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

Wall Street Zen downgraded shares of China Yuchai International (NYSE:CYD) from a buy rating to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.

Other research analysts have also recently issued reports about the stock. 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 research note on Tuesday, September 8th. Citigroup upgraded China Yuchai International to a “buy” rating in a report on Monday, July 27th. Finally, Greenridge Global raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $60.00.

China Yuchai International Trading Down 1.6%

China Yuchai International stock opened at $32.50 on Friday. China Yuchai International has a 52 week low of $28.65 and a 52 week high of $61.48. The firm’s 50-day simple moving average is $40.84 and its 200 day simple moving average is $44.37.

China Yuchai International Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, July 28th. Investors of record on Friday, July 17th were paid a dividend of $0.87 per share. 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. This represents a dividend yield of 198.0%.

Insider Buying and Selling

In other China Yuchai International news, Director Neo Kiat sold 8,000 shares of China Yuchai International stock in a transaction that occurred on 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. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Loo Sen sold 13,200 shares of the business’s stock in a transaction on 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 owned 13,200 shares of the company’s stock, valued at $619,740. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Hedge Funds Weigh In On China Yuchai International

Institutional investors have recently added to or reduced their stakes in the business. Personal CFO Solutions LLC boosted its position in China Yuchai International by 2.9% during the 1st quarter. Personal CFO Solutions LLC now owns 10,568 shares of the company’s stock worth $407,000 after purchasing an additional 293 shares during the period. Public Employees Retirement System of Ohio increased 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 in the last quarter. AdvisorShares Investments LLC increased its holdings in China Yuchai International by 1.7% in the 4th quarter. AdvisorShares Investments LLC now owns 43,852 shares of the company’s stock valued at $1,557,000 after purchasing an additional 752 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in China Yuchai International by 288.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,294 shares of the company’s stock valued at $81,000 after purchasing an additional 1,704 shares during the period. Finally, Blue Trust Inc. purchased a new position in China Yuchai International in the first quarter valued at about $69,000.

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.