China Yuchai International Limited (NYSE:CYD – Get Free Report)’s stock price reached a new 52-week low on Monday. The stock traded as low as $23.11 and last traded at $23.5240, with a volume of 246,147 shares trading hands. The stock had previously closed at $23.23.
Analysts Set New Price Targets
Several research firms have recently weighed in on CYD. Wall Street Zen downgraded shares of China Yuchai International from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. Zacks Research lowered China Yuchai International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Citigroup upgraded shares of China Yuchai International to a “buy” rating in a report on Monday, July 27th. Greenridge Global raised shares of China Yuchai International from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Weiss Ratings cut China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $60.00.
Check Out Our Latest Research Report on CYD
China Yuchai International Stock Down 0.1%
The firm’s 50 day moving average is $33.86 and its two-hundred day moving average is $42.80.
Insider Buying and Selling at China Yuchai International
In other China Yuchai International news, CFO Loo Sen sold 13,200 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $46.95, for a total value of $619,740.00. Following the sale, the chief financial officer directly owned 13,200 shares in the company, valued at $619,740. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Neo Kiat sold 8,000 shares of the firm’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 in the company, valued at approximately $365,520. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in CYD. Diversify Advisory Services LLC increased its holdings in China Yuchai International by 24.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 96,130 shares of the company’s stock worth $2,983,000 after buying an additional 19,017 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in China Yuchai International by 101.8% during the third quarter. Farther Finance Advisors LLC now owns 886 shares of the company’s stock valued at $27,000 after buying an additional 447 shares during the period. Engineers Gate Manager LP raised its holdings in shares of China Yuchai International by 25.7% in the second quarter. Engineers Gate Manager LP now owns 32,487 shares of the company’s stock worth $1,540,000 after buying an additional 6,647 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in China Yuchai International during the second quarter valued at $280,000. Finally, BTG Pactual Asset Management US LLC purchased a new stake in shares of China Yuchai International during the 2nd quarter worth about $211,000.
China Yuchai International Company Profile
China Yuchai International Limited (NYSE: CYD) is a holding company whose principal operating subsidiary, Guangxi Yuchai Machinery Company Limited, manufactures and sells engines in China. The company is one of the country’s established engine producers and serves commercial vehicle, transportation, construction, agricultural and marine equipment markets.
Its product portfolio includes diesel, natural-gas and other powertrain products used in trucks, buses, passenger vehicles, construction machinery, agricultural equipment, vessels and power-generation applications.
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