Wellington Management Group LLP reduced its position in China Yuchai International Limited (NYSE:CYD – Free Report) by 60.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 179,729 shares of the company’s stock after selling 271,712 shares during the period. Wellington Management Group LLP’s holdings in China Yuchai International were worth $8,521,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP acquired a new position in China Yuchai International in the 2nd quarter worth approximately $48,000. Public Employees Retirement Association of Colorado acquired a new stake in China Yuchai International during the 4th quarter valued at $50,000. Advisory Services Network LLC purchased a new stake in shares of China Yuchai International in the third quarter valued at $66,000. Deutsche Bank AG purchased a new stake in shares of China Yuchai International in the fourth quarter valued at $67,000. Finally, Blue Trust Inc. acquired a new stake in shares of China Yuchai International in the first quarter worth $69,000.
Wall Street Analyst Weigh In
Several research firms recently weighed in on CYD. Citigroup raised China Yuchai International to a “buy” rating in a research report on Monday, July 27th. Weiss Ratings upgraded China Yuchai International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. Greenridge Global raised China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Wall Street Zen downgraded China Yuchai International from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. 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 investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat, China Yuchai International presently has an average rating of “Strong Buy” and an average target price of $60.00.
China Yuchai International Stock Performance
China Yuchai International stock opened at $37.70 on Wednesday. The company’s fifty day simple moving average is $43.88 and its 200-day simple moving average is $45.57. China Yuchai International Limited has a 12 month low of $28.65 and a 12 month high of $61.48.
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 given 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 yield of 198.0%.
Insiders Place Their Bets
In other China Yuchai International news, Director Neo Kiat sold 8,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $365,520. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Loo Sen sold 13,200 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was 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 directly owned 13,200 shares in the company, valued at approximately $619,740. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.
China Yuchai International Company Profile
China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.
The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.
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