Wall Street Zen cut shares of China Yuchai International (NYSE:CYD – Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday.
A number of other research analysts have also weighed in on CYD. Citigroup raised shares of China Yuchai International to a “buy” rating in a research note on Monday, July 27th. 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. Weiss Ratings upgraded shares of China Yuchai International from a “hold (c-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. 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 research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $60.00.
Read Our Latest Stock Report on CYD
China Yuchai International Price Performance
China Yuchai International Increases Dividend
The company also recently declared 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 an increase from China Yuchai International’s previous annual dividend of $0.53. This represents a dividend yield of 198.0%.
Insider Activity
In related news, CFO Choon Sen Loo sold 13,200 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $46.95, for a total transaction of $619,740.00. Following 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Poh Kiat Neo sold 8,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $45.69, for a total transaction of $365,520.00. Following the completion of the sale, the director directly owned 8,000 shares of the company’s stock, valued at $365,520. 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.
Hedge Funds Weigh In On China Yuchai International
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Personal CFO Solutions LLC increased its position in shares of China Yuchai International by 2.9% during the first quarter. Personal CFO Solutions LLC now owns 10,568 shares of the company’s stock valued at $407,000 after acquiring an additional 293 shares during the last quarter. State of Wyoming lifted its holdings in China Yuchai International by 9.8% during the fourth quarter. State of Wyoming now owns 4,956 shares of the company’s stock worth $176,000 after acquiring an additional 443 shares during the period. Public Employees Retirement System of Ohio boosted its position in China Yuchai International by 1.7% in the first quarter. Public Employees Retirement System of Ohio now owns 35,186 shares of the company’s stock worth $1,355,000 after purchasing an additional 603 shares during the last quarter. AdvisorShares Investments LLC boosted its position in China Yuchai International by 1.7% in the fourth quarter. AdvisorShares Investments LLC now owns 43,852 shares of the company’s stock worth $1,557,000 after purchasing an additional 752 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado purchased a new position in China Yuchai International in the fourth quarter worth $50,000.
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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