China Yuchai International Limited (NYSE:CYD – Get Free Report)’s share price hit a new 52-week low during trading on Wednesday. The company traded as low as $27.47 and last traded at $28.0750, with a volume of 193,521 shares trading hands. The stock had previously closed at $28.16.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Weiss Ratings cut shares of China Yuchai International from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Wall Street Zen lowered shares of China Yuchai International from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. Citigroup raised shares of China Yuchai International to a “buy” rating in a research 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 report on Monday, July 27th. Finally, Zacks Research lowered shares of China Yuchai International from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 25th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $60.00.
View Our Latest Stock Analysis on CYD
China Yuchai International Stock Performance
Insiders Place Their Bets
In other China Yuchai International news, Director Neo Kiat sold 8,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $45.69, for a total value of $365,520.00. Following the completion of the transaction, the director owned 8,000 shares in the company, valued at approximately $365,520. This represents 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, CFO Loo Sen sold 13,200 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer directly owned 13,200 shares of the company’s stock, valued at $619,740. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of CYD. Matthews International Capital Management LLC increased its stake in shares of China Yuchai International by 423.7% during the first quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock valued at $12,475,000 after purchasing an additional 262,165 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of China Yuchai International by 23.4% during the first quarter. Renaissance Technologies LLC now owns 343,603 shares of the company’s stock valued at $13,229,000 after purchasing an additional 65,109 shares during the last quarter. Dorsey Wright & Associates lifted its holdings in shares of 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 last quarter. Ritholtz Wealth Management boosted its position in shares of China Yuchai International by 143.1% in the 1st quarter. Ritholtz Wealth Management now owns 24,587 shares of the company’s stock worth $947,000 after purchasing an additional 14,474 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of China Yuchai International by 160.1% in the 1st quarter. Bank of America Corp DE now owns 22,389 shares of the company’s stock worth $862,000 after purchasing an additional 13,781 shares in the last quarter.
About China Yuchai International
China Yuchai International Limited (NYSE: CYD) is a holding company whose principal operating subsidiary is Guangxi Yuchai Machinery Company Limited. Based in China, Yuchai develops, manufactures and sells a broad range of diesel and natural-gas engines for commercial vehicles, passenger vehicles, construction equipment, agricultural machinery, marine applications and power-generation systems.
The company also produces engine components and provides related services, including engine remanufacturing, maintenance and technical support.
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