China Yuchai International Limited (NYSE:CYD – Get Free Report)’s share price shot up 6.5% during mid-day trading on Friday. The stock traded as high as $33.50 and last traded at $33.2410. Approximately 15,057 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 173,778 shares. The stock had previously closed at $31.20.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on CYD shares. Weiss Ratings downgraded shares of China Yuchai International from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. Greenridge Global raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Zacks Research upgraded shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a report on Friday, August 14th. Wall Street Zen raised China Yuchai International from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. Finally, Citigroup raised China Yuchai International to a “buy” rating in a research report on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $60.00.
Check Out Our Latest Stock Analysis on China Yuchai International
China Yuchai International Price Performance
China Yuchai International Increases Dividend
The business also recently announced an annual dividend, which was paid on Tuesday, July 28th. Investors of record on Friday, July 17th were issued a $0.87 dividend. This is an increase from China Yuchai International’s previous annual dividend of $0.53. This represents a yield of 198.0%. The ex-dividend date was Friday, July 17th.
Insider Buying and Selling
In other China Yuchai International news, 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 transaction of $619,740.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Neo Kiat sold 8,000 shares of the business’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 sale, the director owned 8,000 shares of the company’s stock, valued at approximately $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.
Institutional Trading of China Yuchai International
A number of hedge funds have recently bought and sold shares of CYD. Matthews International Capital Management LLC increased its stake 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 worth $12,475,000 after purchasing an additional 262,165 shares in the last quarter. Renaissance Technologies LLC raised its holdings in China Yuchai International by 23.4% in the 1st quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock worth $13,229,000 after purchasing an additional 65,109 shares during the period. Inspire Investing LLC purchased a new position in China Yuchai International during the first quarter valued at $1,653,000. Pinpoint Asset Management Singapore Pte. Ltd. lifted its position in China Yuchai International by 351.8% during the fourth quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 46,196 shares of the company’s stock valued at $1,640,000 after purchasing an additional 35,971 shares in the last quarter. Finally, Dorsey Wright & Associates grew its holdings in China Yuchai International by 41.6% during the first quarter. Dorsey Wright & Associates now owns 90,208 shares of the company’s stock valued at $3,473,000 after purchasing an additional 26,482 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.
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