China Yuchai International (NYSE:CYD) Shares Climb 6.5% – Time to Buy?

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

The stock has a 50-day simple moving average of $41.28 and a two-hundred day simple moving average of $44.50.

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

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for China Yuchai International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Yuchai International and related companies with MarketBeat.com's FREE daily email newsletter.