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

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

CYD has been the subject of a number of other reports. Weiss Ratings cut China Yuchai International from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. Greenridge Global upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Citigroup upgraded shares of China Yuchai International to a “buy” rating in a report on Monday, July 27th. Finally, 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. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $60.00.

China Yuchai International Price Performance

China Yuchai International stock opened at $32.96 on Friday. China Yuchai International has a 1-year low of $28.65 and a 1-year high of $61.48. The business has a fifty day moving average price of $41.06 and a 200-day moving average price of $44.44.

Insider Activity

In other China Yuchai International news, CFO Loo Sen sold 13,200 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $46.95, for a total transaction of $619,740.00. Following the sale, the chief financial officer owned 13,200 shares in the company, valued at approximately $619,740. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Neo Kiat sold 8,000 shares of the 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 transaction, the director directly owned 8,000 shares in the company, valued at $365,520. This 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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its position in China Yuchai International by 23.4% during the 1st 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 during the last quarter. Matthews International Capital Management LLC boosted its holdings in shares of 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 during the last quarter. Dorsey Wright & Associates boosted its holdings in shares of 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 during the last quarter. Diversify Wealth Management LLC increased its stake in shares of China Yuchai International by 41.2% in the first 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 period. Finally, Pinpoint Asset Management Singapore Pte. Ltd. increased its stake in shares of China Yuchai International by 351.8% in the fourth 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 period.

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.