China Yuchai International (NYSE:CYD) Raised to Buy at Wall Street Zen

China Yuchai International (NYSE:CYD) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other equities research analysts have also recently commented on the stock. Zacks Research raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th. Weiss Ratings cut China Yuchai International from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Greenridge Global upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Citigroup upgraded China Yuchai International to a “buy” rating in a report on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, China Yuchai International has a consensus rating of “Buy” and an average price target of $60.00.

China Yuchai International Stock Performance

Shares of CYD stock opened at $35.76 on Friday. The company’s 50 day moving average price is $43.40 and its two-hundred day moving average price is $45.17. China Yuchai International has a 52 week low of $28.65 and a 52 week high of $61.48.

Insider Buying and Selling at China Yuchai International

In related news, CFO Loo Sen sold 13,200 shares of the firm’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 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 hyperlink. Also, Director Neo Kiat sold 8,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $45.69, for a total transaction of $365,520.00. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new position in China Yuchai International in the second quarter valued at approximately $48,000. Public Employees Retirement Association of Colorado acquired a new position in China Yuchai International during the fourth quarter worth $50,000. Advisory Services Network LLC bought a new stake in China Yuchai International during the third quarter worth $66,000. Deutsche Bank AG bought a new stake in China Yuchai International during the fourth quarter worth $67,000. Finally, Blue Trust Inc. acquired a new stake in China Yuchai International in the first quarter valued at $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.