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

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

Several brokerages recently commented on CYD. Weiss Ratings downgraded China Yuchai International from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. Greenridge Global raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Zacks Research upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Friday, August 14th. Citigroup raised China Yuchai International to a “buy” rating in a research report on Monday, July 27th. Finally, Wall Street Zen upgraded China Yuchai International from a “hold” rating to a “buy” rating in a report on Saturday, September 12th.

Insider Buying and Selling

In other news, CFO Loo Sen sold 13,200 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $46.95, for a total transaction of $619,740.00. Following the completion of the sale, the chief financial officer owned 13,200 shares of the company’s stock, valued at $619,740. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Neo Kiat sold 8,000 shares of the firm’s 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 sale, the director owned 8,000 shares in the company, valued at approximately $365,520. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Institutional Trading of China Yuchai International

Several hedge funds and other institutional investors have recently modified their holdings of CYD. Renaissance Technologies LLC grew its holdings in shares of China Yuchai International by 23.4% during the first quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock worth $13,229,000 after buying an additional 65,109 shares in the last quarter. Matthews International Capital Management LLC lifted its stake in China Yuchai International by 423.7% in the 1st quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock valued at $12,475,000 after acquiring an additional 262,165 shares in the last quarter. Dorsey Wright & Associates lifted its stake in China Yuchai International by 41.6% in the 1st quarter. Dorsey Wright & Associates now owns 90,208 shares of the company’s stock valued at $3,473,000 after acquiring an additional 26,482 shares in the last quarter. Diversify Wealth Management LLC boosted its position in China Yuchai International by 41.2% during the 1st quarter. Diversify Wealth Management LLC now owns 76,412 shares of the company’s stock worth $3,063,000 after acquiring an additional 22,305 shares during the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. boosted its position in China Yuchai International by 351.8% during the 4th quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 46,196 shares of the company’s stock worth $1,640,000 after acquiring an additional 35,971 shares during the last quarter.

China Yuchai International Stock Up 0.0%

Shares of NYSE:CYD opened at $35.41 on Wednesday. The company has a 50 day moving average price of $42.17 and a two-hundred day moving average price of $44.73. China Yuchai International has a 52 week low of $28.65 and a 52 week 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 issued a dividend of $0.87 per share. 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 yield of 198.0%.

About China Yuchai International

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.